Transnational Corporation of Nigeria Plc (NGX: TRANSCORP)

NGX: TRANSCORP Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	366,627	196,990	133,718	111,219	75,271	76,346
Revenue Growth (YoY)	121.53%	47.32%	20.23%	47.76%	-1.41%	-26.71%
Operations & Maintenance	9,661	7,007	5,799	3,274	1,673	1,938
Selling, General & Admin	18,804	15,930	12,230	9,501	5,030	7,643
Depreciation & Amortization	2,773	2,698	2,669	2,697	2,818	2,131
Amortization of Goodwill & Intangibles	35.74	35.78	41.1	24.97	24.59	23.08
Provision for Bad Debts	2,635	2,635	677.28	1,044	4,007	405.83
Other Operating Expenses	185,689	87,671	66,717	56,254	41,047	42,399
Total Operating Expenses	219,597	115,976	88,133	72,795	54,601	54,540
Operating Income	147,029	81,014	45,585	38,424	20,670	21,806
Interest Expense	-15,490	-16,328	-12,410	-12,325	-14,889	-14,866
Interest Income	2,208	2,684	599.7	283.93	836.67	1,045
Net Interest Expense	-13,281	-13,644	-11,811	-12,041	-14,053	-13,821
Currency Exchange Gain (Loss)	5,587	-7,731	-3,879	-3,788	-2,535	103.73
Other Non-Operating Income (Expenses)	-1,073	-698.8	-636.34	-876.17	-244	-321.54
EBT Excluding Unusual Items	138,262	58,940	29,259	21,720	3,838	7,767
Restructuring Charges	-	-	-	-	-2,238	-
Impairment of Goodwill	-1,012	-1,012	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	1,601	-	-
Gain (Loss) on Sale of Assets	18.13	18.13	-0.51	25.8	2.82	-112.45
Asset Writedown	860	860	1,546	146.1	-	247.9
Legal Settlements	-	-	-421.31	-	-	-
Other Unusual Items	-	-	-	4,506	5.9	-4.44
Pretax Income	138,129	58,806	30,383	27,999	1,609	7,898
Income Tax Expense	52,322	26,170	13,299	4,167	-2,184	4,193
Earnings From Continuing Ops.	85,807	32,636	17,084	23,831	3,792	3,705
Earnings From Discontinued Ops.	-160.85	-160.85	-244.59	-	-	-
Net Income to Company	85,646	32,475	16,840	23,831	3,792	3,705
Minority Interest in Earnings	-39,192	-16,098	-9,052	-9,867	-4,654	-2,156
Net Income	46,454	16,378	7,788	13,964	-862.04	1,549
Net Income to Common	46,454	16,378	7,788	13,964	-862.04	1,549
Net Income Growth	239.76%	110.30%	-44.23%	-	-	-83.37%
Shares Outstanding (Basic)	10,162	10,162	10,162	10,162	10,162	10,162
Shares Outstanding (Diluted)	10,162	10,162	10,162	10,162	10,162	10,162
Shares Change (YoY)	0.00%	-	-	-0.00%	-	0.00%
EPS (Basic)	4.57	1.61	0.77	1.37	-0.08	0.15
EPS (Diluted)	4.56	1.60	0.76	1.36	-0.08	0.15
EPS Growth	240.47%	110.53%	-44.12%	-	-	-83.37%
Free Cash Flow	14,829	40,082	19,627	11,684	25,548	18,265
Free Cash Flow Per Share	1.46	3.94	1.93	1.15	2.51	1.80
Dividend Per Share	0.800	0.400	0.200	0.080	0.040	0.040
Dividend Growth	300.00%	100.00%	150.00%	100.00%	0%	-66.67%
Profit Margin	12.67%	8.31%	5.82%	12.56%	-1.15%	2.03%
Free Cash Flow Margin	4.04%	20.35%	14.68%	10.51%	33.94%	23.92%
EBITDA	154,573	89,475	52,449	45,081	26,422	26,347
EBITDA Margin	42.16%	45.42%	39.22%	40.53%	35.10%	34.51%
D&A For EBITDA	7,544	8,461	6,864	6,657	5,752	4,541
EBIT	147,029	81,014	45,585	38,424	20,670	21,806
EBIT Margin	40.10%	41.13%	34.09%	34.55%	27.46%	28.56%
Effective Tax Rate	37.88%	44.50%	43.77%	14.88%	-	53.09%

Source: S&P Capital IQ. Utility template. Financial Sources.