STC cuts net loss by 93% to GH¢5.18m despite 12% revenue decline
Intercity STC Coaches Limited significantly reduced its losses in 2025, although inadequate operational buses, fare challenges and increasing competition caused its revenue to decline.
STC Coaches Limited, the country's largest intercity coach operator, reported a remarkable 93% reduction in its net loss to GH¢5.18 million in 2025, despite a 12% decline in revenue. This improvement can be attributed to cost-control measures and the impact of foreign exchange gains and losses. Although revenue declined by 11.77%, from GH¢178.03 million in 2024 to GH¢157.08 million in 2025, the company managed to cut its total expenditure by 18.70%, from GH¢198.71 million in 2024 to GH¢161.49 million in 2025.
The reduction in expenditure, combined with the positive impact of foreign exchange movements, significantly narrowed the company's losses. Despite these improvements, the company's continued reliance on cost containment and efforts to address its operational fleet and competitiveness will be crucial to sustaining the recovery.
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- STC cuts net loss by 93% to GH¢5.18m despite 12% revenue decline myjoyonline.com
