GPCL returns to bold and strong cash position

Ghana Publishing Company Limited (GPCL) has returned to a very bold and strong cash position as it reversed three conservative years of negative cash balances, ending the 2025 financial year with a positive cash and cash equivalent position of GH₵18.77 million.

The company considers this a dramatic recovery from negative GH₵108,079 records in 2024.

GPCL’s audited cash flow statement showed cash and cash equivalents closing the year at GH¢18.77 million, compared with a deficit of GH¢108,079 in 2024. This represents a turnaround of more than seventeen thousand percent (17,000%) from the previous year’s negative position.

The recovery follows earlier cash deficits of GH¢272,672 in 2023 and GH¢250,924 in 2022, marking the first positive cash position in at least three years.

The improvement was largely driven by stronger operational performance and increased revenue generation.

Net cash inflows from operating activities rose sharply by about 764% to GH¢27.99 million in 2025, up from GH¢3.24 million in 2024. Operating profit also increased significantly from GH¢2.23 million to GH¢21.44 million during the period.

Deferred income increased by GH¢3.7 million, while trade and other payables improved by GH¢2.02 million. Depreciation charges of GH¢2.97 million also supported cash generation.

Despite increased investment spending, the company maintained a strong liquidity position. Ghana Publishing spent GH¢7.12 million on non-current assets and made an additional GH¢2 million investment, bringing total investment-related cash outflows to GH¢9.12 million.

Overall, the company recorded a net cash increase of GH¢18.88 million in 2025, compared with GH¢163,989 in 2024.

Profit after tax climbed by approximately six hundred and sixty one percent (661%) to GH¢16.96 million from GH¢2.23 million the previous year.

Revenue also grew by nearly 20%, increasing from GH¢60.78 million in 2024 to GH¢72.85 million in 2025. At the same time, administrative expenses declined by about 35% from GH¢11.09 million to GH¢7.16 million, reflecting tighter expenditure controls.

The 2025 financial performance indicates that the company’s improved profitability translated into stronger liquidity and cash generation after years of financial pressure.

Analysts say sustaining the gains will depend on the company’s ability to maintain revenue growth while keeping operational costs under control.