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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	34,950	8,335	6,369	2,702
Accounts Receivable	365,267	265,041	113,984	73,868
Other Receivables	29,588	32,117	30,770	20,301
Inventory	2,615	2,368	1,761	4,314
Prepaid Expenses	651.3	173.22	119.79	217
Other Current Assets	3,856	1,057	331.63	172.31
Total Current Assets	436,927	309,091	153,336	101,575
Property, Plant & Equipment	58,354	60,609	57,980	54,703
Goodwill	9,701	9,701	9,701	9,701
Long-Term Investments	17,544	17,381	2,374	2,209
Total Assets	522,526	396,782	223,391	168,187
Accounts Payable	167,098	115,569	67,994	55,500
Accrued Expenses	19,816	16,482	3,929	4,201
Current Portion of Long-Term Debt	1,481	4,514	7,559	13,105
Current Income Taxes Payable	67,225	52,849	20,182	5,789
Other Current Liabilities	70,493	40,396	26,913	16,606
Total Current Liabilities	326,113	229,809	126,577	95,200
Long-Term Debt	44,739	33,093	29,753	29,967
Long-Term Deferred Tax Liabilities	7,254	7,254	9,198	5,056
Total Liabilities	378,105	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	96,286	78,491	9,727	2,956
Shareholders' Equity	144,421	126,626	57,862	37,964
Total Liabilities & Equity	522,526	396,782	223,391	168,187
Total Debt	46,219	37,607	37,312	43,072
Net Cash (Debt)	-11,270	-29,272	-30,944	-40,370
Net Cash Per Share	-1.50	-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	110,815	79,282	26,759	6,375
Book Value Per Share	19.26	16.88	7.71	479.65
Tangible Book Value	134,720	116,924	48,161	28,263
Tangible Book Value Per Share	17.96	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	89,986	87,489	80,389	75,697
Construction In Progress	1,981	6,930	6,522	3,221

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