Transcorp Power Plc (NGX: TRANSPOWER), a subsidiary of Transnational Corporation Plc (Transcorp Group), has released its unaudited interim financial statements for the period ending 31 March 2026.
The results show operational resilience despite challenges in the Nigerian power sector, including gas supply constraints and grid- related disruptions.
Key Financial Highlights:
-Revenue: ₦ 94. 59 billion (down from ₦ 105. 44 billion)
-Gross Profit: ₦ 49. 93 billion (from ₦ 55. 03 billion)
– Profit Before Tax (PBT): ₦ 39. 59 billion (from ₦ 43. 28 billion)
-Profit After Tax (PAT): ₦ 29. 70 billion (from ₦ 32. 64 billion)
-Basic Earnings Per Share (EPS): ₦ 3. 96 (from ₦ 4. 35)
-Total Assets: ₦ 613. 42 billion (up from ₦ 563. 48 billion)
-Shareholders’ Funds (Equity): ₦ 214. 96 billion (up from ₦ 183. 40 billion)
-Retained Earnings: ₦ 162. 10 billion (up from ₦ 132. 41 billion)
Revenue disaggregation showed capacity charge at ₦ 21. 37 billion and energy delivered at ₦ 73. 22 billion, with ancillary services contributing a modest ₦ 4. 5 million.
The company’ s balance sheet strengthened, supported by an increase in revaluation reserve and strong retained earnings growth.
At the group level, Transnational Corporation Plc reported equally solid results, underscoring the diversified conglomerate’ s strength across power, hospitality, and other segments:
– Group Revenue: ₦ 125. 14 billion (from ₦ 143. 71 billion in Q 1 2025)
-Group PBT: ₦ 50. 67 billion (up 3% from ₦ 49. 41 billion)
The power segment remained a major contributor, while Transcorp Hotels Plc delivered strong hospitality revenue of approximately ₦ 22. 41 billion with improved margins.
Finance costs improved group- wide, shifting to a net income position in some areas and boosting overall profitability.
As at 31 March 2026, major shareholders included:
– Transnational Corporation Plc: 50. 99%
– Rich Point Limited: 25. 41%
– UBA Nominees (Rich Point): 6. 22%
– Woodrock Energy Resources Limited: 5. 72%
Free float stood at approximately 10. 79%.
Transcorp Power’ s share price closed around ₦272.70. 70–₦ 306. 90 during the period.
About Transcorp Power Plc
Transcorp Power Plc operates within Nigeria’ s power generation sector, primarily supplying electricity through its Ughelli facility.
It forms part of Transcorp Group’ s portfolio, contributing to the nation’ s energy security.h its Ughelli facility.
Administrator and Writer
