Transcorp Power Plc (NGX:TRANSPOWER)

Transcorp Power Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	390,928	305,944	142,122	90,349
Revenue Growth (YoY)	41.01%	115.27%	57.30%	-
Operations & Maintenance	6,762	6,077	4,423	3,520
Selling, General & Admin	18,873	13,561	6,457	2,938
Depreciation & Amortization	69.69	61.82	55.36	19.25
Provision for Bad Debts	8,556	8,556	2,254	733.8
Other Operating Expenses	228,930	163,588	64,205	46,443
Total Operating Expenses	263,191	191,845	77,395	53,654
Operating Income	127,737	114,099	64,728	36,695
Interest Expense	-10,588	-9,858	-7,694	-4,380
Interest Income	6,439	7,343	3,010	1,260
Net Interest Expense	-4,150	-2,515	-4,684	-3,120
Currency Exchange Gain (Loss)	-113.26	1,772	-7,177	-4,131
Other Non-Operating Income (Expenses)	-132.24	-68	-102.44	-825.47
EBT Excluding Unusual Items	123,342	113,287	52,764	28,619
Pretax Income	123,342	113,287	52,764	28,619
Income Tax Expense	33,325	33,274	22,530	11,336
Net Income	90,017	80,013	30,234	17,283
Net Income to Common	90,017	80,013	30,234	17,283
Net Income Growth	31.97%	164.65%	74.93%	-
Shares Outstanding (Basic)	7,500	7,500	328	79
Shares Outstanding (Diluted)	7,500	7,500	328	79
Shares Change (YoY)	27.26%	2188.32%	314.09%	-
EPS (Basic)	12.00	10.67	92.25	218.36
EPS (Diluted)	12.00	10.67	92.25	218.36
EPS Growth	3.67%	-88.44%	-57.76%	-
Free Cash Flow	64,978	46,194	20,147	17,092
Free Cash Flow Per Share	8.66	6.16	61.47	215.95
Dividend Per Share	3.500	5.000	3.128	-
Dividend Growth	-24.37%	59.85%	-	-
Profit Margin	23.03%	26.15%	21.27%	19.13%
Free Cash Flow Margin	16.62%	15.10%	14.18%	18.92%
EBITDA	133,211	119,000	69,485	40,167
EBITDA Margin	34.08%	38.90%	48.89%	44.46%
D&A For EBITDA	5,474	4,901	4,757	3,472
EBIT	127,737	114,099	64,728	36,695
EBIT Margin	32.67%	37.29%	45.54%	40.62%
Effective Tax Rate	27.02%	29.37%	42.70%	39.61%

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