Transnational Corporation 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	489,095	544,141	407,916	196,990	133,718	111,219
Revenue Growth	-6.42%	33.40%	107.08%	47.32%	20.23%	47.76%
Operations & Maintenance	15,878	13,049	11,081	7,007	5,799	3,274
Selling, General & Admin	42,570	42,816	30,346	15,930	12,230	9,501
Depreciation & Amortization	4,946	3,655	2,849	2,698	2,669	2,697
Amortization of Goodwill & Intangibles	70.08	47.43	42.4	35.78	41.1	24.97
Provision for Bad Debts	2,886	14,587	10,281	2,635	677.28	1,044
Other Operating Expenses	244,544	276,266	218,393	87,671	66,717	56,254
Total Operating Expenses	310,895	350,420	272,992	115,976	88,133	72,795
Operating Income	178,201	193,720	134,924	81,014	45,585	38,424
Interest Expense	-14,061	-18,600	-18,533	-16,328	-12,410	-12,325
Interest Income	443.11	2,909	3,891	2,684	599.7	283.93
Net Interest Expense	-13,618	-15,691	-14,642	-13,644	-11,811	-12,041
Currency Exchange Gain (Loss)	-5,216	-457.95	4,346	-7,731	-3,879	-3,788
Other Non-Operating Income (Expenses)	3,241	-1,674	-1,196	-698.8	-636.34	-876.17
EBT Excluding Unusual Items	162,607	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	85.72	39.41	29.29	18.13	-0.51	25.8
Asset Writedown	3,566	3,566	2,300	860	1,546	146.1
Legal Settlements	-	-	-	-	-421.31	-
Other Unusual Items	-	-	-	-	-	4,506
Pretax Income	166,373	179,502	136,668	58,806	30,383	27,999
Income Tax Expense	46,781	43,593	42,579	26,170	13,299	4,167
Earnings From Continuing Ops.	119,592	135,910	94,089	32,636	17,084	23,831
Earnings From Discontinued Ops.	-	-	-	-160.85	-244.59	-
Net Income to Company	119,592	135,910	94,089	32,475	16,840	23,831
Minority Interest in Earnings	-44,473	-50,121	-42,564	-16,098	-9,052	-9,867
Net Income	75,120	85,789	51,525	16,378	7,788	13,964
Net Income to Common	75,120	85,789	51,525	16,378	7,788	13,964
Net Income Growth	23.27%	66.50%	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
Shares Change	-	-	-	-	-	-
EPS (Basic)	7.39	8.44	5.07	1.61	0.77	1.37
EPS (Diluted)	7.39	8.44	5.07	1.60	0.76	1.36
EPS Growth	23.23%	66.46%	216.90%	110.53%	-44.12%	-

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	108,935	17,814	53,664	40,082	19,627	11,684
Free Cash Flow Per Share	10.72	1.75	5.28	3.94	1.93	1.15
Dividend Per Share	2.000	2.000	1.000	0.400	0.200	0.080
Dividend Growth	233.33%	100.00%	150.00%	100.00%	150.00%	100.00%
Profit Margin	15.36%	15.77%	12.63%	8.31%	5.82%	12.56%
Free Cash Flow Margin	22.27%	3.27%	13.16%	20.35%	14.68%	10.51%
EBITDA	197,055	211,222	144,065	89,475	52,449	45,081
EBITDA Margin	40.29%	38.82%	35.32%	45.42%	39.22%	40.53%
D&A For EBITDA	18,854	17,501	9,141	8,461	6,864	6,657
EBIT	178,201	193,720	134,924	81,014	45,585	38,424
EBIT Margin	36.44%	35.60%	33.08%	41.13%	34.09%	34.55%
Effective Tax Rate	28.12%	24.29%	31.16%	44.50%	43.77%	14.88%