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Financial Statements

Statement of Profit or Loss and other Comprehensive Income

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For the year ended 31 December 2025

Notes 2025
X
2024
X
Income
Revenue 128,778,461 72,194,715
Finance income 79,156,409 75,628,554
Other income 1,053,760 6,946,194
208,988,630 154,769,463
Expenses
Construction costs 5 (85,904,981) (33,634,716)
Operating expenses 8 (26,474,407) (24,953,565)
Administrative expenses 9 (14,193,073) (14,374,495)
Finance cost 10 (21,715,822) (25,230,003)
(148,288,283) (98,192,779)
Profit before income tax 60,700,347 56,576,684
Taxation 11 (9,456,493) (8,781,259)
Profit for the year 51,243,854 47,795,425
Other comprehensive loss:
Items that will not be reclassified to profit or loss
Defined benefit obligation actuarial loss 22.2 (57,864) (44,919)
Other comprehensive loss for the year (57,864) (44,919)
Total comprehensive income for the year 51,185,990 47,750,506
Basic and diluted earnings per share (Baiza) 28 11.84 11.04

The attached notes 1 to 37 form part of these financial statements.

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