Transnational Corporation of Nigeria Plc (NGX:TRANSCORP)

NGX:TRANSCORP Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	512,167	407,916	196,990	133,718	111,219	75,271
Revenue Growth (YoY)	76.43%	107.08%	47.32%	20.23%	47.76%	-1.41%
Operations & Maintenance	8,762	11,081	7,007	5,799	3,274	1,673
Selling, General & Admin	45,933	30,295	15,930	12,230	9,501	5,030
Depreciation & Amortization	2,848	2,848	2,698	2,669	2,697	2,818
Amortization of Goodwill & Intangibles	42.4	42.4	35.78	41.1	24.97	24.59
Provision for Bad Debts	10,281	10,281	2,635	677.28	1,044	4,007
Other Operating Expenses	283,214	218,444	87,671	66,717	56,254	41,047
Total Operating Expenses	351,081	272,992	115,976	88,133	72,795	54,601
Operating Income	161,085	134,924	81,014	45,585	38,424	20,670
Interest Expense	-23,898	-18,533	-16,328	-12,410	-12,325	-14,889
Interest Income	3,756	3,891	2,684	599.7	283.93	836.67
Net Interest Expense	-20,141	-14,642	-13,644	-11,811	-12,041	-14,053
Currency Exchange Gain (Loss)	6,044	4,346	-7,731	-3,879	-3,788	-2,535
Other Non-Operating Income (Expenses)	2,250	-1,196	-698.8	-636.34	-876.17	-244
EBT Excluding Unusual Items	149,238	123,432	58,940	29,259	21,720	3,838
Restructuring Charges	-	-	-	-	-	-2,238
Impairment of Goodwill	-	-	-1,012	-	-	-
Gain (Loss) on Sale of Investments	-121.43	10,907	-	-	1,601	-
Gain (Loss) on Sale of Assets	29.29	29.29	18.13	-0.51	25.8	2.82
Asset Writedown	2,300	2,300	860	1,546	146.1	-
Legal Settlements	-	-	-	-421.31	-	-
Other Unusual Items	-	-	-	-	4,506	5.9
Pretax Income	151,446	136,668	58,806	30,383	27,999	1,609
Income Tax Expense	44,973	42,579	26,170	13,299	4,167	-2,184
Earnings From Continuing Ops.	106,473	94,089	32,636	17,084	23,831	3,792
Earnings From Discontinued Ops.	-	-	-160.85	-244.59	-	-
Net Income to Company	106,473	94,089	32,475	16,840	23,831	3,792
Minority Interest in Earnings	-46,467	-42,564	-16,098	-9,052	-9,867	-4,654
Net Income	60,006	51,525	16,378	7,788	13,964	-862.04
Net Income to Common	60,006	51,525	16,378	7,788	13,964	-862.04
Net Income Growth	56.75%	214.60%	110.30%	-44.23%	-	-
Shares Outstanding (Basic)	10,149	10,162	10,162	10,162	10,162	10,162
Shares Outstanding (Diluted)	10,149	10,162	10,162	10,162	10,162	10,162
Shares Change (YoY)	-0.12%	-	-	-	-	-
EPS (Basic)	5.91	5.07	1.61	0.77	1.37	-0.08
EPS (Diluted)	5.91	5.07	1.60	0.76	1.36	-0.08
EPS Growth	57.62%	216.90%	110.53%	-44.12%	-	-
Free Cash Flow	17,272	53,664	40,082	19,627	11,684	25,548
Free Cash Flow Per Share	1.70	5.28	3.94	1.93	1.15	2.51
Dividend Per Share	0.600	1.000	0.400	0.200	0.080	0.040
Dividend Growth	-25.00%	150.00%	100.00%	150.00%	100.00%	-
Profit Margin	11.72%	12.63%	8.31%	5.82%	12.56%	-1.15%
Free Cash Flow Margin	3.37%	13.16%	20.35%	14.68%	10.51%	33.94%
EBITDA	171,578	144,065	89,475	52,449	45,081	26,422
EBITDA Margin	33.50%	35.32%	45.42%	39.22%	40.53%	35.10%
D&A For EBITDA	10,493	9,141	8,461	6,864	6,657	5,752
EBIT	161,085	134,924	81,014	45,585	38,424	20,670
EBIT Margin	31.45%	33.08%	41.13%	34.09%	34.55%	27.46%
Effective Tax Rate	29.70%	31.16%	44.50%	43.77%	14.88%	-

Source: S&P Global Market Intelligence. Utility template. Financial Sources.