* Declares ₦11.25bn shareholders’ interim dividends, showing major growth
By Citizenship Newspaper
The Transcorp Power Plc otherwise known as ‘Transcorp Power’ or the ‘The Company’, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), has announced its unaudited financial results for the half-year ended 30 June 2025.
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 official statement issued today, Monday July 28.
The H1 2025 performance, it said, was driven by enhanced generation capacity and improved operational efficiency, a reflection of Transcorp Power’s continued investment in infrastructure and service delivery.
Key Highlights were detailed as follows:
Revenue Growth
Revenue grew by 52% year-on-year to ₦205.8 billion, from ₦135.4 billion in H1 2024.
Profit
* Gross profit increased to ₦77.6 billion, up from ₦62.9 billion in H1 2024, with a gross margin of 23%.
* Profit before tax rose by 15% PBT, to ₦58.7 billion in H1 2025, from ₦51.0 billion in H1 2024
Dividend
* Consistent with its commitment to delivering shareholder value, the Company is rewarding shareholders with an interim dividend of ₦11,250,000,000, equivalent to ₦1.50 for every 50 kobo ordinary share, subject to appropriate withholding tax.
The performance highlights 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.
The Chairman Transcorp Power Plc, Emmanuel Nnorom, commented: “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.”
MD/CEO Transcorp Power Plc, Peter Ikenga, comments: “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.”
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.
