STC cuts net loss by 92.6% to GH¢5.18m in 2025
Intercity STC Coaches Limited significantly reduced its net loss in 2025 despite a decline in revenue, with cost-control measures helping to narrow the company’s losses by more than 90%. According to the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA), STC’s net loss fell from GH¢69.98 million in 2024 to GH¢5.18 […]
STC, the state-owned intercity coach operator, reported a staggering 92.6% reduction in its net loss to GH¢5.18 million in 2025, marking a significant turnaround. Although the company's revenue slid by 11.77% to GH¢157.08 million, cost-control measures and favorable foreign exchange fluctuations played a crucial role in trimming the losses.
The company's operating loss narrowed from GH¢45.13 million to GH¢4.27 million, while the loss before tax decreased from GH¢70.08 million to GH¢4.73 million. Despite the revenue decline, STC's expenditure also fell by 18.70%, from GH¢198.71 million to GH¢161.49 million. The State Ownership Report by SIGA attributes these improvements to the company's concerted efforts to control costs and navigate the challenges of a competitive transport industry.
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