RT Briscoe Plc

RT Briscoe Plc

NNSENG:RTBRISCOE
9.30
NGN
0.00
(0.00%)
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Bukola Oluseyi Onajide
Full Time Employees
191
Sector
Retail trade
Industry
Specialty stores
Address
Lagos Nigeria
IPO Date
Aug 29, 1995
Business
R.T. Briscoe (Nigeria) Plc is a Nigeria-based diversified holding company engaged in the marketing, sales, leasing, and after-sales servicing of automotive vehicles, material handling equipment, industrial and technical machinery, and the provision of integrated real estate and property management services. Founded in 1957 as a subsidiary of Denmark's East Asiatic Company and headquartered in Lagos, Nigeria, the company is listed on the Nigerian Exchange (NGX: RTBRISCOE) and operates as a wholly Nigerian-owned enterprise. The company manages its operations through four primary commercial divisions and specialized subsidiaries, including Briscoe Motors, Briscoe Material Handling, Briscoe Industrial/Elgi, and Briscoe Properties Limited. The company's core product and service offerings comprise: passenger and commercial motor vehicle sales, automotive bodywork, mechanical repairs, genuine spare parts supply, and structured fleet management, acting as an authorized distributor and service partner for brands such as Toyota, Ford, and Jetour; material handling and warehousing equipment, including the distribution, leasing, maintenance, and parts supply for Manitou telehandlers and forklifts, BT material handling equipment, and Raymond reach trucks; industrial technical equipment, consisting of the distribution, installation, commissioning, and aftermarket servicing of ELGi rotary screw and reciprocating air compressors, industrial generating sets, and specialized mining and drilling equipment; fleet leasing and logistics support via Briscoe Leasing Limited; and comprehensive property solutions via Briscoe Properties Limited, encompassing residential and commercial real estate development, property sales and leasing brokerage, facility management, and construction project management. The company delivers its services to corporate organizations, government agencies, logistics and industrial operators, and private consumers across Nigeria through a nationwide network of sales offices, workshops, and parts depots situated in key economic centers including Lagos, Abuja, Port Harcourt, and Kano. In recent operational and corporate developments, R.T. Briscoe has implemented significant strategic recapitalization and commercial expansion programs. In July 2026, shareholders authorized the Board of Directors to execute a capital raise of up to NGN 10 billion through equity issuance methods, including public offerings, private placements, or rights issues, designed to restructure debt, enhance working capital, and finance expansion projects. In collaboration with DLM Asset Management, the company introduced the R.T. Briscoe Savings and Investment Fund, a capital-building initiative approved by the Securities and Exchange Commission to facilitate broader investment participation. In response to shifts in energy policy and transportation infrastructure, the company expanded into alternative energy solutions by deploying specialized conversion centers across Nigeria to retrofit petrol and diesel internal combustion vehicles for Compressed Natural Gas (CNG) and Liquefied Petroleum Gas (LPG) dual-fuel operation. Additionally, R.T. Briscoe expanded its commercial automotive portfolio through a dealership partnership with Jetour Nigeria, incorporating the brand's vehicle lineup into its retail and technical servicing operations.