Red Star Express Shareholders Approve 35 kobo Dividend for 2025

Shareholders of Red Star Express Plc approved a dividend payout of 35 kobo per share for the 2025 financial year, a 71% increase from the previous year. The company declared a profit before tax of N343 million in 2024, with a 34% revenue generation increase in 2025.

The Chairman, Suleiman Barau, attributed the growth to increased customer confidence, operational discipline, and revenue growth across express delivery and other services. The company's robust dividend payout reflects improved cost management and business development efforts.

The AGM highlighted the company's positive outlook and commitment to shareholder value.