ESLA Plc’s Comprehensive Income Surges to GHS 95 Million Despite Asset Management Challenges
ESLA Plc, the Special Purpose Vehicle (SPV) established to manage Ghana’s energy sector debts, reported stable total assets of GHS 5.21 billion for Q2 2024, consistent with the previous year.
However, the company faced a significant shift in its asset structure, with non-current assets falling to zero from GHS 748 million in Q2 2023, while current assets increased to GHS 5.21 billion from GHS 4.46 billion.
Liabilities also saw notable changes, with total liabilities decreasing to GHS 4.77 billion from GHS 4.90 billion a year earlier.
Non-current liabilities declined to GHS 4.52 billion from GHS 4.67 billion, while current liabilities edged up to GHS 243 million from GHS 232 million.
Despite the challenges in asset management, ESLA Plc delivered a robust increase in total comprehensive income, rising from GHS 38.2 million in Q2 2023 to GHS 95 million in Q2 2024, translating into earnings per share of GHS 95.5.
As a key player in addressing Ghana’s energy sector debts through the issuance of long-term bonds backed by ESLA receivables, ESLA Plc’s financial health remains under close scrutiny.
Market participants are particularly focused on the company’s efforts to navigate asset and liability management, which will be critical for restoring investor confidence and ensuring long-term financial sustainability.
