Transcorp Hotels Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	94,534	97,038	70,134	41,456	30,439	21,418
Revenue Growth (YoY)	8.23%	38.36%	69.18%	36.19%	42.12%	110.84%
Cost of Revenue	24,723	26,157	24,045	13,776	10,489	6,602
Gross Profit	69,811	70,881	46,089	27,680	19,950	14,815
Selling, General & Admin	28,176	29,053	19,788	10,954	8,361	6,899
Amortization of Goodwill & Intangibles	62.24	47.43	42.4	35.78	31.77	24.97
Other Operating Expenses	-446.81	1,774	1,119	497.7	66.04	-210.22
Operating Expenses	31,923	34,265	23,567	13,921	11,006	9,219
Operating Income	37,888	36,616	22,522	13,759	8,944	5,596
Interest Expense	-4,882	-3,647	-3,919	-3,811	-4,078	-4,073
Interest & Investment Income	2,980	1,315	594.55	241.86	8.56	4.3
Currency Exchange Gain (Loss)	-335.1	-258.05	4,585	931.47	250.59	-345.95
Other Non Operating Income (Expenses)	-1,412	-1,251	-1,200	-645.17	-487.53	-279.6
EBT Excluding Unusual Items	34,240	32,775	22,583	10,476	4,637	902.15
Impairment of Goodwill	-	-	-	-1,012	-	-
Gain (Loss) on Sale of Assets	41.76	42.57	29.26	18.13	-3.2	25.46
Other Unusual Items	-	-	-	-	-	735
Pretax Income	34,281	32,818	22,613	9,482	4,634	1,663
Income Tax Expense	10,569	10,966	7,717	3,228	1,772	545.3
Earnings From Continuing Operations	23,712	21,852	14,896	6,254	2,862	1,117
Earnings From Discontinued Operations	-	-	-	-160.85	-244.59	-
Net Income to Company	23,712	21,852	14,896	6,093	2,618	1,117
Minority Interest in Earnings	16.23	18.49	47.93	62.87	59.84	26.61
Net Income	23,729	21,871	14,944	6,156	2,678	1,144
Net Income to Common	23,729	21,871	14,944	6,156	2,678	1,144
Net Income Growth	39.66%	46.35%	142.75%	129.90%	134.08%	-
Shares Outstanding (Basic)	10,243	10,243	10,243	10,243	10,243	10,243
Shares Outstanding (Diluted)	10,243	10,243	10,243	10,243	10,243	10,243
Shares Change (YoY)	-	-	-	-	-	25.04%
EPS (Basic)	2.32	2.14	1.46	0.60	0.26	0.11
EPS (Diluted)	2.32	2.14	1.46	0.60	0.26	0.11
EPS Growth	39.66%	46.35%	143.17%	130.77%	136.36%	-
Free Cash Flow	-7,889	23,787	7,775	10,690	5,446	4,876
Free Cash Flow Per Share	-0.77	2.32	0.76	1.04	0.53	0.48
Dividend Per Share	1.200	1.300	0.740	0.200	0.130	0.070
Dividend Growth	62.16%	75.68%	270.00%	53.85%	85.71%	-
Gross Margin	73.85%	73.04%	65.72%	66.77%	65.54%	69.17%
Operating Margin	40.08%	37.73%	32.11%	33.19%	29.38%	26.13%
Profit Margin	25.10%	22.54%	21.31%	14.85%	8.80%	5.34%
Free Cash Flow Margin	-8.34%	24.51%	11.09%	25.79%	17.89%	22.77%
EBITDA	41,922	39,987	25,111	16,214	11,421	8,121
EBITDA Margin	44.34%	41.21%	35.80%	39.11%	37.52%	37.92%
D&A For EBITDA	4,033	3,372	2,589	2,455	2,478	2,525
EBIT	37,888	36,616	22,522	13,759	8,944	5,596
EBIT Margin	40.08%	37.73%	32.11%	33.19%	29.38%	26.13%
Effective Tax Rate	30.83%	33.41%	34.13%	34.04%	38.23%	32.80%
Advertising Expenses	-	2,104	1,586	828.81	370.11	180.98