Transcorp Hotels Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	97,038	70,134	41,456	30,439	21,418
Revenue Growth (YoY)	38.36%	69.18%	36.19%	42.12%	110.84%
Cost of Revenue	26,157	24,045	13,776	10,489	6,602
Gross Profit	70,881	46,089	27,680	19,950	14,815
Selling, General & Admin	29,053	19,788	10,954	8,361	6,899
Amortization of Goodwill & Intangibles	47.43	42.4	35.78	31.77	24.97
Other Operating Expenses	1,774	1,119	497.7	66.04	-210.22
Operating Expenses	34,265	23,567	13,921	11,006	9,219
Operating Income	36,616	22,522	13,759	8,944	5,596
Interest Expense	-3,647	-3,919	-3,811	-4,078	-4,073
Interest & Investment Income	1,315	594.55	241.86	8.56	4.3
Currency Exchange Gain (Loss)	-258.05	4,585	931.47	250.59	-345.95
Other Non Operating Income (Expenses)	-1,251	-1,200	-645.17	-487.53	-279.6
EBT Excluding Unusual Items	32,775	22,583	10,476	4,637	902.15
Impairment of Goodwill	-	-	-1,012	-	-
Gain (Loss) on Sale of Assets	42.57	29.26	18.13	-3.2	25.46
Other Unusual Items	-	-	-	-	735
Pretax Income	32,818	22,613	9,482	4,634	1,663
Income Tax Expense	10,966	7,717	3,228	1,772	545.3
Earnings From Continuing Operations	21,852	14,896	6,254	2,862	1,117
Earnings From Discontinued Operations	-	-	-160.85	-244.59	-
Net Income to Company	21,852	14,896	6,093	2,618	1,117
Minority Interest in Earnings	18.49	47.93	62.87	59.84	26.61
Net Income	21,871	14,944	6,156	2,678	1,144
Net Income to Common	21,871	14,944	6,156	2,678	1,144
Net Income Growth	46.35%	142.75%	129.90%	134.08%	-
Shares Outstanding (Basic)	10,243	10,243	10,243	10,243	10,243
Shares Outstanding (Diluted)	10,243	10,243	10,243	10,243	10,243
Shares Change (YoY)	-	-	-	-	25.04%
EPS (Basic)	2.14	1.46	0.60	0.26	0.11
EPS (Diluted)	2.14	1.46	0.60	0.26	0.11
EPS Growth	46.35%	143.17%	130.77%	136.36%	-
Free Cash Flow	23,787	7,775	10,690	5,446	4,876
Free Cash Flow Per Share	2.32	0.76	1.04	0.53	0.48
Dividend Per Share	1.300	0.740	0.200	0.130	0.070
Dividend Growth	75.68%	270.00%	53.85%	85.71%	-
Gross Margin	73.04%	65.72%	66.77%	65.54%	69.17%
Operating Margin	37.73%	32.11%	33.19%	29.38%	26.13%
Profit Margin	22.54%	21.31%	14.85%	8.80%	5.34%
Free Cash Flow Margin	24.51%	11.09%	25.79%	17.89%	22.77%
EBITDA	39,987	25,111	16,214	11,421	8,121
EBITDA Margin	41.21%	35.80%	39.11%	37.52%	37.92%
D&A For EBITDA	3,372	2,589	2,455	2,478	2,525
EBIT	36,616	22,522	13,759	8,944	5,596
EBIT Margin	37.73%	32.11%	33.19%	29.38%	26.13%
Effective Tax Rate	33.41%	34.13%	34.04%	38.23%	32.80%
Advertising Expenses	2,104	1,586	828.81	370.11	180.98

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.