{
  "id": 4850913,
  "title": "GRIDCo’s operating profit plunges 89% despite net profit surge in 2025",
  "url": "https://urgent.news/2026/09/01/gridcos-operating-profit-plunges-89-despite-net-profit-surge-in-2025",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T11:31:32.000Z",
  "source": {
    "name": "MyJoyOnline Ghana",
    "slug": "myjoyonline-ghana",
    "url": "https://www.myjoyonline.com/gridcos-operating-profit-plunges-89-despite-net-profit-surge-in-2025/"
  },
  "original_language": "en",
  "account": "In 2025, Ghana Grid Company Limited (GRIDCo) experienced a dramatic 89.45% decrease in operating profit, falling to GH¢100.82 million, despite a significant surge in net profit. According to the State Interests and Governance Authority (SIGA), the company's operating profit margin dropped from 26.65% to 3.65%. Total revenue remained steady at GH¢3.60 billion, with operating revenue increasing marginally by 1.06%. However, the company's operating profit from this revenue decreased considerably, leading to a slight decline in its cost-recovery ratio from 101.92% to 101.24%. Net profit, on the other hand, surged by 89.02%, reaching GH¢584.46 million, primarily due to a sharp increase in finance income, which rose from GH¢16.36 million to GH¢838.51 million. The company's balance sheet contracted substantially, with total assets declining by 21%, from GH¢27.70 billion to GH¢21.97 billion, and total equity decreasing by 26.36%, from GH¢14.96 billion to GH¢11.01 billion. This was largely due to a revaluation loss on property, plant, and equipment. The company's debt-to-assets ratio increased slightly from 0.46 to 0.49, and its equity multiplier rose from 1.85 to 2.00, indicating higher financial leverage. Despite the decline in operating profit, GRIDCo managed to reduce its interest-bearing liabilities by 34.97%, from GH¢2.86 billion to GH¢1.86 billion. However, the interest coverage ratio fell from 1.23 times to 0.92 times, signaling that operating profit was no longer sufficient to cover finance costs fully. Net operating cash flow also decreased by about 58%, from GH¢1.45 billion to GH¢616.05 million.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Joy Business",
        "title": "GRIDCo’s operating profit plunges 89% despite net profit surge in 2025",
        "url": "https://urgent.news/2026/09/01/gridcos-operating-profit-plunges-89-despite-net-profit-surge-in-2025-4852370",
        "published": "2026-09-01T11:31:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}