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	Sep '26 Sep 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	95,198	97,038	70,134	41,456	30,439	21,418
Revenue Growth	2.42%	38.36%	69.18%	36.19%	42.12%	110.84%
Cost of Revenue	24,108	26,157	24,045	13,776	10,489	6,602
Gross Profit	71,090	70,881	46,089	27,680	19,950	14,815
Selling, General & Admin	27,943	29,053	19,788	10,954	8,361	6,899
Amortization of Goodwill & Intangibles	77.52	47.43	42.4	35.78	31.77	24.97
Other Operating Expenses	1,899	1,774	1,119	497.7	66.04	-210.22
Operating Expenses	34,310	34,265	23,567	13,921	11,006	9,219
Operating Income	36,780	36,616	22,522	13,759	8,944	5,596
Interest Expense	-6,742	-3,647	-3,919	-3,811	-4,078	-4,073
Interest & Investment Income	5,252	1,315	594.55	241.86	8.56	4.3
Currency Exchange Gain (Loss)	-986.5	-258.05	4,585	931.47	250.59	-345.95
Other Non Operating Income (Expenses)	-1,453	-1,251	-1,200	-645.17	-487.53	-279.6
EBT Excluding Unusual Items	32,851	32,775	22,583	10,476	4,637	902.15
Impairment of Goodwill	-	-	-	-1,012	-	-
Gain (Loss) on Sale of Assets	89.55	42.57	29.26	18.13	-3.2	25.46
Other Unusual Items	-	-	-	-	-	735
Pretax Income	32,940	32,818	22,613	9,482	4,634	1,663
Income Tax Expense	10,370	10,966	7,717	3,228	1,772	545.3
Earnings From Continuing Operations	22,571	21,852	14,896	6,254	2,862	1,117
Earnings From Discontinued Operations	-	-	-	-160.85	-244.59	-
Net Income to Company	22,571	21,852	14,896	6,093	2,618	1,117
Minority Interest in Earnings	15.93	18.49	47.93	62.87	59.84	26.61
Net Income	22,587	21,871	14,944	6,156	2,678	1,144
Net Income to Common	22,587	21,871	14,944	6,156	2,678	1,144
Net Income Growth	15.72%	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	-	-	-	-	-	25.04%
EPS (Basic)	2.21	2.14	1.46	0.60	0.26	0.11
EPS (Diluted)	2.21	2.14	1.46	0.60	0.26	0.11
EPS Growth	15.72%	46.35%	143.17%	130.77%	136.36%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Free Cash Flow	-9,830	23,787	7,775	10,690	5,446	4,876
Free Cash Flow Per Share	-0.96	2.32	0.76	1.04	0.53	0.48
Dividend Per Share	1.300	1.300	0.740	0.200	0.130	0.070
Dividend Growth	75.68%	75.68%	270.00%	53.85%	85.71%	-
Gross Margin	74.68%	73.04%	65.72%	66.77%	65.54%	69.17%
Operating Margin	38.64%	37.73%	32.11%	33.19%	29.38%	26.13%
Profit Margin	23.73%	22.54%	21.31%	14.85%	8.80%	5.34%
Free Cash Flow Margin	-10.33%	24.51%	11.09%	25.79%	17.89%	22.77%
EBITDA	41,196	39,987	25,111	16,214	11,421	8,121
EBITDA Margin	43.27%	41.21%	35.80%	39.11%	37.52%	37.92%
D&A For EBITDA	4,415	3,372	2,589	2,455	2,478	2,525
EBIT	36,780	36,616	22,522	13,759	8,944	5,596
EBIT Margin	38.64%	37.73%	32.11%	33.19%	29.38%	26.13%
Effective Tax Rate	31.48%	33.41%	34.13%	34.04%	38.23%	32.80%
Advertising Expenses	-	2,104	1,586	828.81	370.11	180.98