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	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
Revenue	355,868	398,268	305,944	142,122	90,349
Revenue Growth	-8.97%	30.18%	115.27%	57.30%	-
Operations & Maintenance	11,048	8,353	6,077	4,423	3,520
Selling, General & Admin	24,411	18,513	13,561	6,457	2,938
Depreciation & Amortization	150.61	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	184,400	231,397	163,588	64,205	46,443
Total Operating Expenses	232,152	270,482	191,845	77,395	53,654
Operating Income	123,716	127,786	114,099	64,728	36,695
Interest Expense	-9,109	-10,707	-9,858	-7,694	-4,380
Interest Income	4,186	5,782	7,343	3,010	1,260
Net Interest Expense	-4,922	-4,925	-2,515	-4,684	-3,120
Currency Exchange Gain (Loss)	-3,489	-107.57	1,772	-7,177	-4,131
Other Non-Operating Income (Expenses)	-354.88	-360.33	-68	-102.44	-825.47
EBT Excluding Unusual Items	114,950	122,393	113,287	52,764	28,619
Asset Writedown	-3,025	-2,375	-	-	-
Pretax Income	111,925	120,018	113,287	52,764	28,619
Income Tax Expense	32,431	28,600	33,274	22,530	11,336
Net Income	79,494	91,417	80,013	30,234	17,283
Net Income to Common	79,494	91,417	80,013	30,234	17,283
Net Income Growth	-11.69%	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	-	-	2188.32%	314.09%	-
EPS (Basic)	10.60	12.19	10.67	92.25	218.36
EPS (Diluted)	10.60	12.19	10.67	92.25	218.36
EPS Growth	-11.67%	14.25%	-88.44%	-57.76%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
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
Free Cash Flow	53,280	53,598	46,194	20,147	17,092
Free Cash Flow Per Share	7.10	7.15	6.16	61.47	215.95
Dividend Per Share	4.000	5.500	5.000	3.128	-
Dividend Growth	-20.00%	10.00%	59.85%	-	-
Profit Margin	22.34%	22.95%	26.15%	21.27%	19.13%
Free Cash Flow Margin	14.97%	13.46%	15.10%	14.18%	18.92%
EBITDA	129,254	133,319	119,000	69,485	40,167
EBITDA Margin	36.32%	33.48%	38.90%	48.89%	44.46%
D&A For EBITDA	5,537	5,533	4,901	4,757	3,472
EBIT	123,716	127,786	114,099	64,728	36,695
EBIT Margin	34.77%	32.09%	37.29%	45.54%	40.62%
Effective Tax Rate	28.98%	23.83%	29.37%	42.70%	39.61%