Prime Business AfricaBriclinks Africa has reported a turnover of N135.61 million in the second quarter (Q2) of 2025, up slightly by 3 percent compared to the N131.66 million revenue recorded in the first quarter (Q1) of 2025.
The company, in its financial statements for the period ended June 30, 2025, said it spent N89.32 million to make its services available during the period under review, surpassing the N84.26 million cost of sales posted in the preceding quarter.
Join our WhatsApp ChannelFollowing the 6 percent increase in cost of sales, Briclinks ended the second quarter of this year with N46.29 million gross profit, which increased by 2.34 percent quarter-on-quarter, from N47.4 million.
Briclinks Africa also reported that administrative expenses grew by 0.53 percent from N36.24 million recorded between January and March to N36.44 million between April and June of the same year.
Interest payable and similar charges gulped N582,068 in the second quarter, compared to the N570,655 recorded in the first quarter, representing an increase of 1.99 percent.
However, Briclinks Africa’s bottom line decreased by 12.41 percent, as the company posted profit before tax and after tax (PBT) of N9.27 million in Q2, falling below the N10.58 million reported in the previous quarter.
The company did not pay tax during the period under review.
Also, Briclinks Africa reported N56,06 million as profit brought forward in the second quarter of this year, compared to the N45,47 million reported in Q1, indicating an increase of 23.27 percent.
Profit brought forward represents cumulative retained profits from previous accounting periods that are carried over to the current period and its available for reinvestment because the company has not distributed them to shareholders or used them for other purposes.
Consequently, Briclinks Africa filed a profit carried forward of N65.33 million (which includes the company’s PBT in Q2, compared to the N56,06 million reported in Q1, reflecting an increase of 16.53 percent.
At the end of June, Briclinks’ total assets value dropped by 0.93 percent quarter-on-quarter to N8.10 billion, from N8.17 billion, while the company’s total liabilities also declined by 1.05 percent, from N8.11 billion to N8.02 billion.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
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