NGX:TRANSCORP Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	523,687	407,916	196,990	133,718	111,219	75,271
Revenue Growth (YoY)	42.84%	107.08%	47.32%	20.23%	47.76%	-1.41%
Operations & Maintenance	12,386	11,081	7,007	5,799	3,274	1,673
Selling, General & Admin	42,758	30,295	15,930	12,230	9,501	5,030
Depreciation & Amortization	3,340	2,848	2,698	2,669	2,697	2,818
Amortization of Goodwill & Intangibles	4,368	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	275,527	218,444	87,671	66,717	56,254	41,047
Total Operating Expenses	348,659	272,992	115,976	88,133	72,795	54,601
Operating Income	175,028	134,924	81,014	45,585	38,424	20,670
Interest Expense	-25,696	-18,533	-16,328	-12,410	-12,325	-14,889
Interest Income	7,599	3,891	2,684	599.7	283.93	836.67
Net Interest Expense	-18,097	-14,642	-13,644	-11,811	-12,041	-14,053
Currency Exchange Gain (Loss)	-1,930	4,346	-7,731	-3,879	-3,788	-2,535
Other Non-Operating Income (Expenses)	-1,528	-1,196	-698.8	-636.34	-876.17	-244
EBT Excluding Unusual Items	153,472	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	47.78	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	155,699	136,668	58,806	30,383	27,999	1,609
Income Tax Expense	46,110	42,579	26,170	13,299	4,167	-2,184
Earnings From Continuing Ops.	109,589	94,089	32,636	17,084	23,831	3,792
Earnings From Discontinued Ops.	-	-	-160.85	-244.59	-	-
Net Income to Company	109,589	94,089	32,475	16,840	23,831	3,792
Minority Interest in Earnings	-48,647	-42,564	-16,098	-9,052	-9,867	-4,654
Net Income	60,942	51,525	16,378	7,788	13,964	-862.04
Net Income to Common	60,942	51,525	16,378	7,788	13,964	-862.04
Net Income Growth	31.19%	214.60%	110.30%	-44.23%	-	-
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
EPS (Basic)	6.00	5.07	1.61	0.77	1.37	-0.08
EPS (Diluted)	6.00	5.07	1.60	0.76	1.36	-0.08
EPS Growth	31.99%	216.90%	110.53%	-44.12%	-	-
Free Cash Flow	29,995	53,664	40,082	19,627	11,684	25,548
Free Cash Flow Per Share	2.95	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	11.64%	12.63%	8.31%	5.82%	12.56%	-1.15%
Free Cash Flow Margin	5.73%	13.16%	20.35%	14.68%	10.51%	33.94%
EBITDA	192,033	144,065	89,475	52,449	45,081	26,422
EBITDA Margin	36.67%	35.32%	45.42%	39.22%	40.53%	35.10%
D&A For EBITDA	17,005	9,141	8,461	6,864	6,657	5,752
EBIT	175,028	134,924	81,014	45,585	38,424	20,670
EBIT Margin	33.42%	33.08%	41.13%	34.09%	34.55%	27.46%
Effective Tax Rate	29.62%	31.16%	44.50%	43.77%	14.88%	-

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