ESLA Plc Records 219% YoY Comprehensive Increase in Income for Q3 2024
ESLA Plc, the Special Purpose Vehicle established to resolve Ghana’s energy sector debt burden, posted a marginal decrease in total assets at the close of Q3 2024, down to GHS 5.31 billion from GHS 5.35 billion in the previous year.
The slight reduction underscores a notable shift in asset allocation, with non-current assets entirely liquidated from GHS 629 million a year prior, as the company redirected focus to current assets, which rose to GHS 5.31 billion from GHS 4.72 billion.
On the liabilities front, ESLA Plc marked a decline, with total liabilities falling to GHS 4.81 billion from GHS 5.03 billion.
This reduction includes non-current liabilities decreasing to GHS 4.53 billion from GHS 4.67 billion, while current liabilities dropped to GHS 279 million, down from GHS 358 million.
ESLA Plc within the review period delivered a striking 219% year-on-year increase in total comprehensive income, which climbed to GHS 165.7 million in Q3 2024 from GHS 51.9 million in Q3 2023, equating to an earnings per share of GHS 165.7.
This robust financial performance highlights the SPV’s resilience in enhancing income streams despite facing asset and liability adjustments.
Tasked with the critical role of alleviating Ghana’s energy sector debt through ESLA-backed long-term bond issuances, ESLA Plc’s financial standing remains closely monitored by market participants.
Analysts point to its asset-liability management strategy as pivotal to retaining investor confidence and ensuring sustainable debt servicing.
