- Safiu Kehinde
Transcorp Power Plc has recorded N77,6 billion profit with the declaration of N11.25 billion shareholders’ interim dividend.
This was announced in the Transcorp Group’s power subsidiary’s unaudited financial results for the half-year which ended on the 30th of June 2025.
As highlighted in a statement issued by the group on Monday, the company’s revenue grew by 52% year-on-year to ₦205.8 billion in 2025, against ₦135.4 billion in H1 2024.
According to the statement, Transcorp Power revenue grew by 52% year-on-year to ₦8 billion, from ₦135.4 billion in H1 2024.
The company’s Gross profit increased to ₦77.6 billion, up from ₦62.9 billion in H1 2024, with a gross margin of 23%., with a gross margin of 23% while the Profit After Tax rose by 15% PBT, to ₦58.7 billion in H1 2025, from ₦51.0 billion in H1 2024
Transcorp Power thereafter declared the interim dividend of N11.25 billion for its shareholders which, subject to appropriate withholding tax, is equivalent to ₦50 for every 50 kobo ordinary share.
This according to the statement showcased the company’s commitment to delivering shareholder value.
The H1 2025 performance was reportedly driven by enhanced generation capacity and improved operational efficiency, a reflection of Transcorp Power’s continued investment in infrastructure and service delivery.
It also highlighted Transcorp Powers’s ability to maintain profitability, despite inflationary pressures and foreign exchange volatility, supported by effective pricing strategies and cost management, as well as the Company’s commitment to delivering significant returns to shareholders, with the enhanced dividend.
In his remark, the Chairman Transcorp Power Plc, Emmanuel Nnorom, attributed the performance to the company’s disciplined cost management, efficient operations, and resilience despite economic headwinds.
“Our strong performance in the first half of 2025 highlights our disciplined cost management, efficient operations, and resilience despite economic headwinds. This solid foundation continues to strengthen investor confidence in our long-term value and growth potential.” He said.
On his part, the Managing Director and CEO of Transcorp Power Plc, Peter Ikenga, disclosed that the H1 2025 performance reflects the gains from the continued investment in the company’s plant which increased generation by 100MW compared with the same period last year.
“Our H1 2025 performance reflects the gains from the continued investment in our plant. We increased generation by 100MW, compared with the same period last year, and we remain committed to creating sustainable value for our shareholders and the country at large. Transcorp Power is confident in sustaining its growth momentum into the second half of 2025, as we fulfill our mission to power Nigeria and Africa.” Ikenga said.
Transcorp Power Plc is one of Nigeria’s principal power generation companies and an electricity-generating subsidiary of Transnational Corporation Plc (“Transcorp Group”), Nigeria’s leading, listed conglomerate, with strategic investments in the power, hospitality, and energy sectors.
Transcorp Power is committed to creating value, driving economic growth, and ensuring social goods through access to the electricity supply.