Intercity STC Coaches Limited significantly improved its financial performance in 2025, reducing its net loss from GH¢69.98 million in 2024 to GH¢5.18 million.

According to the 2025 State Ownership Report by the State Interests and Governance Authority (SIGA), the reduction represents a 92.60% decline in the company’s net loss within one year.

STC’s operating loss also fell sharply from GH¢45.13 million in 2024 to GH¢4.27 million in 2025, while its loss before tax declined from GH¢70.08 million to GH¢4.73 million over the same period.

The report attributed the improvement mainly to efforts by the company to reduce its costs, as well as the effect of changes in foreign exchange gains and losses.

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STC’s total expenditure fell by 18.70%, from GH¢198.71 million in 2024 to GH¢161.49 million in 2025.

However, the company recorded lower revenue during the year. Its operating revenue declined by 11.77%, from GH¢178.03 million in 2024 to GH¢157.08 million in 2025.

SIGA attributed the decline in operating revenue mainly to the limited number of buses available for operations, differences in fares and increased competition in the transport sector.

STC’s total revenue, including other income, also declined by 30.79%, from GH¢227.43 million in 2024 to GH¢157.39 million in 2025.

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Despite the decline in revenue, the significant reduction in expenditure helped STC substantially narrow its losses in 2025.

The company will, however, need to improve bus availability, strengthen its operations and increase revenue to sustain the gains recorded during the year.

DR/MA

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