Transcorp Power Balance Sheet

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	7,638	8,335	6,369	2,702
Accounts Receivable	395,345	265,041	113,984	73,868
Other Receivables	19,826	32,117	30,770	20,301
Inventory	3,225	2,368	1,761	4,314
Prepaid Expenses	455.75	173.22	119.79	217
Other Current Assets	16,522	1,057	331.63	172.31
Total Current Assets	443,012	309,091	153,336	101,575
Property, Plant & Equipment	58,687	60,609	57,980	54,703
Goodwill	9,701	9,701	9,701	9,701
Long-Term Investments	25,303	17,381	2,374	2,209
Total Assets	536,703	396,782	223,391	168,187
Accounts Payable	174,034	115,569	67,994	55,500
Accrued Expenses	20,408	16,482	3,929	4,201
Current Portion of Long-Term Debt	998.7	4,514	7,559	13,105
Current Income Taxes Payable	76,710	52,849	20,182	5,789
Other Current Liabilities	65,840	40,396	26,913	16,606
Total Current Liabilities	337,991	229,809	126,577	95,200
Long-Term Debt	33,613	33,093	29,753	29,967
Long-Term Deferred Tax Liabilities	4,927	7,254	9,198	5,056
Total Liabilities	376,531	270,157	165,528	130,223
Common Stock	3,750	3,750	3,750	40.11
Additional Paid-In Capital	44,385	44,385	44,385	34,968
Retained Earnings	109,415	78,491	9,727	2,956
Shareholders' Equity	160,172	126,626	57,862	37,964
Total Liabilities & Equity	536,703	396,782	223,391	168,187
Total Debt	34,611	37,607	37,312	43,072
Net Cash (Debt)	-26,973	-29,272	-30,944	-40,370
Net Cash Per Share	-3.60	-3.90	-94.41	-510.04
Filing Date Shares Outstanding	7,500	7,500	7,500	79.15
Total Common Shares Outstanding	7,500	7,500	7,500	79.15
Working Capital	105,022	79,282	26,759	6,375
Book Value Per Share	21.36	16.88	7.71	479.65
Tangible Book Value	150,471	116,924	48,161	28,263
Tangible Book Value Per Share	20.06	15.59	6.42	357.08
Land	842.46	842.46	842.46	800.96
Buildings	1,789	1,789	1,766	1,766
Machinery	90,953	87,489	80,389	75,697
Construction In Progress	2,700	6,930	6,522	3,221

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