Transcorp Power Plc (NGX: TRANSPOWER) has demonstrated remarkable resilience and growth amid Nigeria’s evolving energy landscape, reporting strong financial results for the fiscal year ending December 31, 2025.
Dividend Announcement and Benefits
In alignment with its commitment to shareholder value, Transcorp Power has proposed a total dividend of ₦5.50 per ordinary share for 2025—a 10% increase from the prior year.
This comprises an interim dividend of ₦1.50 per share, disbursed on August 18, 2025, and a final dividend of ₦4.00 per share, pending approval at the upcoming Annual General Meeting (AGM).
The final dividend will be paid electronically on May 5, 2026, to eligible shareholders who have completed e-dividend registration, subject to applicable withholding tax.
- Qualification Date: April 17, 2026
- Register Closure: April 20 to April 24, 2026
- AGM: May 4, 2026, at 10:00 a.m., Transcorp Hilton Hotel, Maitama, Abuja Shareholders are urged to register for e-dividends via the Registrar,.
The company reported a 30% year-on-year revenue surge on the Nigerian Exchange (NGX), climbing from ₦305.94 billion in 2024 to ₦398.27 billion in 2025.
This growth underscores Transcorp Power’s emphasis on operational efficiency and capacity expansion, reinforcing its leadership in the power generation industry.
Key highlights
- Gross Profit: Up 14% to ₦162.44 billion (from ₦142.21 billion in 2024)
- Profit After Tax: Increased 14% to ₦91.42 billion (from ₦80.01 billion)
- Earnings Per Share: Rose to ₦12.19 (from ₦10.67), enhancing shareholder value
- Total Assets: Expanded 42% to ₦563.48 billion
- Total Equity: Grew 44% to ₦183.40 billion
- Total Borrowings: Reduced to ₦30.7 billion (from ₦37.7 billion), with over ₦7 billion repaid, reflecting sound debt management
The audited results reveal several key metrics that reflect the company’s robust financial strength.
A significant factor was the reactivation of the GT20 unit on January 3, 2025, which added 100MW to the national grid and boosted overall generation capacity.
This move elevated the average available capacity from 417MW in 2024 to 550MW in 2025, allowing for higher output.
Peter Ikenga, MD/CEO of Transcorp Power Plc, emphasized the company’s commitment to excellence:
Our FY 2025 results reflect our steadfast commitment to operational excellence, sustainable growth, strategic market expansion, and enhanced generation capacity, all of which continue to fuel significant revenue growth and enable us to consistently contribute power to the national grid.”
Ikenga further noted the company’s proactive approach to infrastructure challenges:
“During the year, we increased our average available capacity from 417MW to 550MW and improved average generation output despite grid and transmission line issues. Notwithstanding the network transmission line challenges, our FY 2025 performance remained strong… We will continue to collaborate with relevant stakeholders, particularly the Transmission Company of Nigeria, to enhance the transmission lines and improve power evacuation from our plant in 2026 and beyond.”
Company Overview
Headquartered in Ughelli, Delta State, Transcorp Power operates as a key subsidiary of Transnational Corporation Plc (Transcorp Group). The company drives economic growth through reliable electricity supply, supporting Nigeria’s energy transition with enhanced grid reliability and sustainable practices.
Administrator and Writer
