SIGA Report: TDC more than triples net profit to ¢195.6m in 2025

TDC Development Company experienced a significant increase in net profit, reporting GH¢195.61 million in 2025, up from GH¢59.99 million in 2024. The company's operating profit surged to GH¢257.48 million from GH¢88.22 million, leading to an operating margin of 120.76 percent, compared to 49.06 percent. Return on equity reached 27.70 percent, up from 11.75 percent, and return on assets more than doubled, from 12.02 percent to 26.23 percent.

Total assets grew to GH¢981.63 million, while shareholder equity increased to GH¢706.07 million. Founder and Chairman Courage Nunekpeku attributed the strong performance to the company's self-sustaining growth, stating that they are no longer reliant on government transfers. The results were bolstered by a substantial revaluation of TDC's investment properties, which nearly tripled the net profit margin.

Notably, TDC operated without any interest-bearing debt and maintained a zero gearing ratio, financing its activities through internally generated funds. The company's current ratio of 3.04 to 1 demonstrated strong liquidity, though operating cash flow to revenue remained negative at 0.59 times. Despite the impressive earnings, TDC distributed GH¢3.0 million in dividends to shareholders, up from GH¢2.4 million in the previous year.

The company's expansion beyond Tema continued, with President John Mahama inaugurating the Oxygen City project in the Volta Region, showcasing TDC's model of development beyond the initial Tema Acquisition Area.