Transcorp Power Balance Sheet

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
Cash & Equivalents	2,220	8,335	6,369	2,702
Accounts Receivable	435,613	265,036	113,984	73,868
Other Receivables	12,520	32,122	30,770	20,301
Inventory	3,433	2,368	1,761	4,314
Prepaid Expenses	219.14	173.22	119.79	217
Other Current Assets	20,041	1,057	331.63	172.31
Total Current Assets	474,045	309,091	153,336	101,575
Property, Plant & Equipment	54,496	60,609	57,980	54,703
Goodwill	9,701	9,701	9,701	9,701
Long-Term Investments	25,237	17,381	2,374	2,209
Total Assets	563,479	396,782	223,391	168,187
Accounts Payable	212,983	115,569	67,994	55,500
Accrued Expenses	10,222	16,482	3,929	4,201
Current Portion of Long-Term Debt	6,138	4,514	7,559	13,105
Current Income Taxes Payable	83,929	52,849	20,182	5,789
Other Current Liabilities	38,788	40,396	26,913	16,606
Total Current Liabilities	352,060	229,809	126,577	95,200
Long-Term Debt	24,551	33,093	29,753	29,967
Long-Term Deferred Tax Liabilities	3,469	7,254	9,198	5,056
Total Liabilities	380,080	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	132,408	78,491	9,727	2,956
Comprehensive Income & Other	2,856	-	-	-
Shareholders' Equity	183,399	126,626	57,862	37,964
Total Liabilities & Equity	563,479	396,782	223,391	168,187
Total Debt	30,689	37,607	37,312	43,072
Net Cash (Debt)	-28,469	-29,272	-30,944	-40,370
Net Cash Per Share	-3.80	-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	121,985	79,282	26,759	6,375
Book Value Per Share	24.45	16.88	7.71	479.65
Tangible Book Value	173,698	116,924	48,161	28,263
Tangible Book Value Per Share	23.16	15.59	6.42	357.08
Land	842.46	842.46	842.46	800.96
Buildings	1,825	1,789	1,766	1,766
Machinery	89,732	87,489	80,389	75,697
Construction In Progress	2,617	6,930	6,522	3,221

Source: S&P Capital IQ. Utility template. Financial Sources.