Briclinks Africa Plc ended the quarter to 31 March 2025 with cash and cash equivalents of N96.80 million, up from N6.44 million a year earlier, representing a remarkable 1,402 percent surge in readily available liquidity.
“Cash and cash equivalents at end of the period were N96.80 million, compared with N6.44 million in the same period a year earlier,” the statement of cash flows said.
This build-up was driven by a marked turnaround in operating cash generation. In Q1 2025, Briclinks converted N10.58 million of profit before tax into a net N30 million of cash from operating activities, compared with a net outflow of N18.75 million in Q1 2024.
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The company’s management attributed the swing to tighter receivables collection, leaner inventory holdings and disciplined overhead control.
Underlying trading also showed healthy momentum. Revenue rose by 15.3 percent to N131.67 million from N114.28 million in Q1 2024, while profit before tax increased by 37.8 percent to N10.58 million.
This pre-tax gain flowed straight through to the bottom line, with profit after tax reaching N10.58 million compared with N7.67 million a year earlier, underscoring that there was no tax payment recorded for the quarter.
Balance-sheet metrics reinforce the strength of the quarter as current assets of N114.30 million now comfortably cover current liabilities of N12.40 million, lifting the working-capital ratio to 9.22× at 31 March 2025 (from 1.93× a year earlier). Trade receivables were steady at N17.50 million, and inventories were held at N19.45 million to ensure cash was not tied up in stock.
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Compared to the previous quarter, Briclinks Africa’s Q1 2025 performance reflects a continuation of its positive momentum, with cash and cash equivalents rising from N66.80 million in Q4 2024 to N96.80 million in Q1 2025.
Revenue grew slightly from N129.93 million in the preceding quarter to N131.67 million, while profit before tax held steady at N10.58 million in both periods.
The stability in earnings, alongside improved cash generation, suggests the company is maintaining operational discipline while positioning for further growth. This consistency provides additional assurance to investors looking for sustainable performance beyond seasonal gains.
