NGX:TRANSCORP Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	544,141	407,916	196,990	133,718	111,219
Revenue Growth (YoY)	33.40%	107.08%	47.32%	20.23%	47.76%
Operations & Maintenance	13,049	11,081	7,007	5,799	3,274
Selling, General & Admin	42,816	30,346	15,930	12,230	9,501
Depreciation & Amortization	3,655	2,849	2,698	2,669	2,697
Amortization of Goodwill & Intangibles	47.43	42.4	35.78	41.1	24.97
Provision for Bad Debts	14,587	10,281	2,635	677.28	1,044
Other Operating Expenses	276,266	218,393	87,671	66,717	56,254
Total Operating Expenses	350,420	272,992	115,976	88,133	72,795
Operating Income	193,720	134,924	81,014	45,585	38,424
Interest Expense	-18,600	-18,533	-16,328	-12,410	-12,325
Interest Income	2,909	3,891	2,684	599.7	283.93
Net Interest Expense	-15,691	-14,642	-13,644	-11,811	-12,041
Currency Exchange Gain (Loss)	-457.95	4,346	-7,731	-3,879	-3,788
Other Non-Operating Income (Expenses)	-1,674	-1,196	-698.8	-636.34	-876.17
EBT Excluding Unusual Items	175,898	123,432	58,940	29,259	21,720
Impairment of Goodwill	-	-	-1,012	-	-
Gain (Loss) on Sale of Investments	-	10,907	-	-	1,601
Gain (Loss) on Sale of Assets	39.41	29.29	18.13	-0.51	25.8
Asset Writedown	3,566	2,300	860	1,546	146.1
Legal Settlements	-	-	-	-421.31	-
Other Unusual Items	-	-	-	-	4,506
Pretax Income	179,502	136,668	58,806	30,383	27,999
Income Tax Expense	43,593	42,579	26,170	13,299	4,167
Earnings From Continuing Ops.	135,910	94,089	32,636	17,084	23,831
Earnings From Discontinued Ops.	-	-	-160.85	-244.59	-
Net Income to Company	135,910	94,089	32,475	16,840	23,831
Minority Interest in Earnings	-50,121	-42,564	-16,098	-9,052	-9,867
Net Income	85,789	51,525	16,378	7,788	13,964
Net Income to Common	85,789	51,525	16,378	7,788	13,964
Net Income Growth	66.50%	214.60%	110.30%	-44.23%	-
Shares Outstanding (Basic)	10,162	10,162	10,162	10,162	10,162
Shares Outstanding (Diluted)	10,162	10,162	10,162	10,162	10,162
EPS (Basic)	8.44	5.07	1.61	0.77	1.37
EPS (Diluted)	8.44	5.07	1.60	0.76	1.36
EPS Growth	66.46%	216.90%	110.53%	-44.12%	-
Free Cash Flow	17,814	53,664	40,082	19,627	11,684
Free Cash Flow Per Share	1.75	5.28	3.94	1.93	1.15
Dividend Per Share	2.000	1.000	0.400	0.200	0.080
Dividend Growth	100.00%	150.00%	100.00%	150.00%	100.00%
Profit Margin	15.77%	12.63%	8.31%	5.82%	12.56%
Free Cash Flow Margin	3.27%	13.16%	20.35%	14.68%	10.51%
EBITDA	211,222	144,065	89,475	52,449	45,081
EBITDA Margin	38.82%	35.32%	45.42%	39.22%	40.53%
D&A For EBITDA	17,501	9,141	8,461	6,864	6,657
EBIT	193,720	134,924	81,014	45,585	38,424
EBIT Margin	35.60%	33.08%	41.13%	34.09%	34.55%
Effective Tax Rate	24.29%	31.16%	44.50%	43.77%	14.88%

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