Transcorp Power 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	398,268	305,944	142,122	90,349
Revenue Growth (YoY)	30.18%	115.27%	57.30%	-
Operations & Maintenance	8,353	6,077	4,423	3,520
Selling, General & Admin	18,513	13,561	6,457	2,938
Depreciation & Amortization	77.67	61.82	55.36	19.25
Provision for Bad Debts	12,141	8,556	2,254	733.8
Other Operating Expenses	231,397	163,588	64,205	46,443
Total Operating Expenses	270,482	191,845	77,395	53,654
Operating Income	127,786	114,099	64,728	36,695
Interest Expense	-10,707	-9,858	-7,694	-4,380
Interest Income	5,782	7,343	3,010	1,260
Net Interest Expense	-4,925	-2,515	-4,684	-3,120
Currency Exchange Gain (Loss)	-107.57	1,772	-7,177	-4,131
Other Non-Operating Income (Expenses)	-360.33	-68	-102.44	-825.47
EBT Excluding Unusual Items	122,393	113,287	52,764	28,619
Asset Writedown	-2,375	-	-	-
Pretax Income	120,018	113,287	52,764	28,619
Income Tax Expense	28,600	33,274	22,530	11,336
Net Income	91,417	80,013	30,234	17,283
Net Income to Common	91,417	80,013	30,234	17,283
Net Income Growth	14.25%	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)	-	2188.32%	314.09%	-
EPS (Basic)	12.19	10.67	92.25	218.36
EPS (Diluted)	12.19	10.67	92.25	218.36
EPS Growth	14.25%	-88.44%	-57.76%	-
Free Cash Flow	53,598	46,194	20,147	17,092
Free Cash Flow Per Share	7.15	6.16	61.47	215.95
Dividend Per Share	5.500	5.000	3.128	-
Dividend Growth	10.00%	59.85%	-	-
Profit Margin	22.95%	26.15%	21.27%	19.13%
Free Cash Flow Margin	13.46%	15.10%	14.18%	18.92%
EBITDA	133,319	119,000	69,485	40,167
EBITDA Margin	33.48%	38.90%	48.89%	44.46%
D&A For EBITDA	5,533	4,901	4,757	3,472
EBIT	127,786	114,099	64,728	36,695
EBIT Margin	32.09%	37.29%	45.54%	40.62%
Effective Tax Rate	23.83%	29.37%	42.70%	39.61%

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