GRIDCo’s operating profit plunges 89% despite net profit surge in 2025
The Ghana Grid Company Limited (GRIDCo) recorded a sharp decline in its core financial performance in 2025, with operating profit falling by 89.45 per cent despite an increase in net profit.
Ghana Grid Company Limited (GRIDCo) experienced a dramatic 89% drop in operating profit in 2025, despite a notable surge in net profit. According to the State Interests and Governance Authority (SIGA)'s 2025 State Ownership Report, the company's operating profit fell from GH¢955.19 million in 2024 to GH¢100.82 million in 2025, bringing the operating profit margin down from 26.65% to 3.65%.
Despite this decline, the company's net profit increased by 89.02%, from GH¢309.23 million to GH¢584.46 million, primarily due to a substantial rise in finance income. GRIDCo's total revenue remained relatively stable at GH¢3.60 billion, while operating revenue grew marginally by 1.06%, from GH¢2.66 billion to GH¢2.69 billion. However, the company generated significantly less operating profit from the revenue recorded that year.
The cost-recovery ratio also dipped slightly from 101.92% to 101.24%, indicating that operating revenue still exceeded operating costs but by a narrower gap. SIGA's report highlighted that the profit growth was mainly driven by an extraordinary increase in finance income, rather than any improvement in the company's core electricity transmission operations.
Written by urgent.news from Joy Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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