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Ghana Publishing Company Limited has reported its strongest financial performance in recent years after posting a sharp increase in revenue and a significant reduction in operational expenditure during the 2025 financial year.
The state-owned printing company recorded a profit after tax of GH₵16.96 million for the year ending December 2025, a substantial rise from the GH₵2.23 million profit posted in 2024.
The improved performance was driven by nearly 20 percent growth in revenue alongside strict cost-control measures that reduced operational spending by about eight percent within the same period.
Total revenue increased from GH₵60.78 million in 2024 to GH₵72.85 million in 2025, reflecting strong growth across the company’s major business operations.
Management attributed the expenditure reductions to cost containment strategies implemented under the leadership of Managing Director Nana Kwasi Boatey.
As a result, total expenditure declined from approximately GH₵57 million in 2024 to about GH₵53 million in 2025 despite increased business activity during the year.
Administrative expenses also dropped significantly by more than 35 percent, reducing from GH₵11.09 million to GH₵7.16 million.
The company’s largest source of revenue remained the printing and publication of gazettes. In May 2025, the company introduced a redesigned and more secure gazette system with enhanced security features aimed at preventing the circulation of fake gazette documents.
The introduction of a new 24-hour express processing service also boosted revenue generation from gazette publications, which increased from GH₵34.25 million in 2024 to GH₵50.64 million in 2025.
Revenue from publications and inventory sales also rose sharply from GH₵1.51 million to GH₵5.76 million within the same period.
Several operational expenditure lines recorded major reductions, including hotel expenses, subscription costs, business relations expenses, medical expenses, general expenses and building repair costs.
The company’s total assets also grew by 27 percent, rising from GH₵107 million in 2024 to GH₵135 million in 2025.
The combined effect of higher revenue and reduced spending pushed gross profit from GH₵23.38 million in 2024 to GH₵35.01 million in 2025, while operating profit surged from GH₵2.95 million to GH₵19.58 million.
After accounting for an income tax expense of GH₵4.48 million, the company closed the year with what industry observers describe as one of its strongest financial rebounds in recent history.
The performance is expected to strengthen confidence in the long-term sustainability and operational efficiency of the state-owned enterprise as management continues efforts to diversify revenue streams and maintain prudent spending controls.
Source: citinews
