Transcorp Power 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	387,418	398,268	305,944	142,122	90,349
Revenue Growth (YoY)	12.78%	30.18%	115.27%	57.30%	-
Operations & Maintenance	8,245	8,353	6,077	4,423	3,520
Selling, General & Admin	22,309	18,513	13,561	6,457	2,938
Depreciation & Amortization	82.73	77.67	61.82	55.36	19.25
Provision for Bad Debts	12,141	12,141	8,556	2,254	733.8
Other Operating Expenses	224,832	231,397	163,588	64,205	46,443
Total Operating Expenses	267,610	270,482	191,845	77,395	53,654
Operating Income	119,808	127,786	114,099	64,728	36,695
Interest Expense	-7,952	-10,707	-9,858	-7,694	-4,380
Interest Income	4,838	5,782	7,343	3,010	1,260
Net Interest Expense	-3,113	-4,925	-2,515	-4,684	-3,120
Currency Exchange Gain (Loss)	-50.28	-107.57	1,772	-7,177	-4,131
Other Non-Operating Income (Expenses)	2,059	-360.33	-68	-102.44	-825.47
EBT Excluding Unusual Items	118,704	122,393	113,287	52,764	28,619
Asset Writedown	-2,375	-2,375	-	-	-
Pretax Income	116,329	120,018	113,287	52,764	28,619
Income Tax Expense	27,853	28,600	33,274	22,530	11,336
Net Income	88,475	91,417	80,013	30,234	17,283
Net Income to Common	88,475	91,417	80,013	30,234	17,283
Net Income Growth	-2.12%	14.25%	164.65%	74.93%	-
Shares Outstanding (Basic)	7,500	7,500	7,500	328	79
Shares Outstanding (Diluted)	7,500	7,500	7,500	328	79
Shares Change (YoY)	0.05%	-	2188.32%	314.09%	-
EPS (Basic)	11.80	12.19	10.67	92.25	218.36
EPS (Diluted)	11.80	12.19	10.67	92.25	218.36
EPS Growth	-2.17%	14.25%	-88.44%	-57.76%	-
Free Cash Flow	38,390	53,598	46,194	20,147	17,092
Free Cash Flow Per Share	5.12	7.15	6.16	61.47	215.95
Dividend Per Share	5.500	5.500	5.000	3.128	-
Dividend Growth	10.00%	10.00%	59.85%	-	-
Profit Margin	22.84%	22.95%	26.15%	21.27%	19.13%
Free Cash Flow Margin	9.91%	13.46%	15.10%	14.18%	18.92%
EBITDA	125,329	133,319	119,000	69,485	40,167
EBITDA Margin	32.35%	33.48%	38.90%	48.89%	44.46%
D&A For EBITDA	5,520	5,533	4,901	4,757	3,472
EBIT	119,808	127,786	114,099	64,728	36,695
EBIT Margin	30.93%	32.09%	37.29%	45.54%	40.62%
Effective Tax Rate	23.94%	23.83%	29.37%	42.70%	39.61%