Transcorp Power Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	277,240	142,122	90,349
Revenue Growth (YoY)	206.85%	57.30%	-
Operations & Maintenance	5,432	4,423	3,520
Selling, General & Admin	12,058	6,473	2,938
Depreciation & Amortization	87.35	55.36	19.25
Provision for Bad Debts	2,254	2,254	733.8
Other Operating Expenses	149,769	64,189	46,443
Total Operating Expenses	169,601	77,395	53,654
Operating Income	107,639	64,728	36,695
Interest Expense	-10,676	-7,694	-4,380
Interest Income	5,980	3,010	1,260
Net Interest Expense	-4,696	-4,684	-3,120
Currency Exchange Gain (Loss)	3,766	-7,177	-4,131
Other Non-Operating Income (Expenses)	-82.27	-102.44	-825.47
EBT Excluding Unusual Items	106,626	52,764	28,619
Pretax Income	106,626	52,764	28,619
Income Tax Expense	38,416	22,530	11,336
Net Income	68,210	30,234	17,283
Net Income to Common	68,210	30,234	17,283
Net Income Growth	294.66%	74.93%	-
Shares Outstanding (Basic)	5,893	328	79
Shares Outstanding (Diluted)	5,893	328	79
Shares Change (YoY)	7345.85%	314.09%	-
EPS (Basic)	11.57	92.25	218.36
EPS (Diluted)	11.57	92.25	218.36
EPS Growth	-94.70%	-57.76%	-
Free Cash Flow	55,248	33,274	17,092
Free Cash Flow Per Share	9.37	101.52	215.95
Dividend Per Share	4.630	3.130	-
Profit Margin	24.60%	21.27%	19.13%
Free Cash Flow Margin	19.93%	23.41%	18.92%
EBITDA	112,857	69,485	40,167
EBITDA Margin	40.71%	48.89%	44.46%
D&A For EBITDA	5,218	4,757	3,472
EBIT	107,639	64,728	36,695
EBIT Margin	38.83%	45.54%	40.61%
Effective Tax Rate	36.03%	42.70%	39.61%

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