Accra: 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 GHS18.77 million.
According to Ghana Web, the company considers this a dramatic recovery from negative GHS108,079 records in 2024. GPCL's audited cash flow statement showed cash and cash equivalents closing the year at GHS18.77 million, compared with a deficit of GHS108,079 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 GHS272,672 in 2023 and GHS250,924 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 GHS27.99 million in 2025, up from GHS3.24 million in 2024. Operating profit also increased significantly from GHS2.23 million to GHS21.44 million during the period. Deferred income increased by GHS3.7 million, while trade and other payables improved by GHS2.02 million. Depreciation charges of GHS2.97 million also supported cash generation.
Despite increased investment spending, the company maintained a strong liquidity position. Ghana Publishing spent GHS7.12 million on non-current assets and made an additional GHS2 million investment, bringing total investment-related cash outflows to GHS9.12 million. Overall, the company recorded a net cash increase of GHS18.88 million in 2025, compared with GHS163,989 in 2024.
Profit after tax climbed by approximately six hundred and sixty one percent (661%) to GHS16.96 million from GHS2.23 million the previous year. Revenue also grew by nearly 20%, increasing from GHS60.78 million in 2024 to GHS72.85 million in 2025. At the same time, administrative expenses declined by about 35% from GHS11.09 million to GHS7.16 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.