GPCL posts strong recovery, records GH¢18.77 million positive cash position in 2025
The Ghana Publishing Company Limited (GPCL) has recorded a significant financial turnaround, ending the 2025 financial year with a positive cash and cash equivalent position of GH¢18.77 million, after several years of negative balances.
The result marks a sharp reversal from the company’s 2024 position, when it recorded a negative cash balance of GH¢108,079.
According to its audited cash flow statement, GPCL’s improved liquidity represents a dramatic recovery from successive deficits of GH¢272,672 in 2023 and GH¢250,924 in 2022, making 2025 the first year in at least three years that the company has posted a strong positive cash position.
The company attributed the turnaround to improved operational performance and stronger revenue generation during the year.
Net cash inflows from operating activities surged by about 764 per cent to GH¢27.99 million in 2025, compared to GH¢3.24 million in 2024. Operating profit also increased significantly from GH¢2.23 million to GH¢21.44 million within the same period.
Deferred income rose by GH¢3.7 million, while improvements in trade and other payables contributed GH¢2.02 million. Depreciation charges of GH¢2.97 million also supported overall cash generation.
Despite increased investment spending, GPCL maintained a strong liquidity position. The company spent GH¢7.12 million on non-current assets and invested an additional GH¢2 million, bringing total investment-related outflows to GH¢9.12 million.
Overall, GPCL recorded a net cash increase of GH¢18.88 million in 2025, compared to GH¢163,989 in 2024.
Profit after tax rose by about 661 per cent to GH¢16.96 million, up from GH¢2.23 million the previous year.
Revenue also grew by nearly 20 per cent, increasing from GH¢60.78 million in 2024 to GH¢72.85 million in 2025, while administrative expenses declined by about 35 per cent from GH¢11.09 million to GH¢7.16 million, reflecting tighter cost control measures.
The 2025 performance suggests that GPCL’s improved profitability has translated into stronger liquidity and cash generation after years of financial strain.
Analysts, however, note that sustaining the gains will depend on the company’s ability to maintain revenue growth while continuing to manage operational costs effectively.
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