Transcorp Power Plc (NGX: TRANSPOWER) has announced strong audited financial results for the year ended December 31, 2025, with revenue rising 30 percent year-on-year to ₦398.27 billion from ₦305.94 billion in FY 2024.
The power generation company, a subsidiary of Transnational Corporation Plc (Transcorp Group), also recorded a 14 percent increase in gross profit to ₦162.44 billion, up from ₦142.21 billion in the previous year.
Profit after tax grew 14 percent to ₦91.42 billion, compared to ₦80.01 billion in 2024, while earnings per share climbed to ₦12.19 from ₦10.67.
Stronger Balance Sheet and Reduced Borrowings
Transcorp Power strengthened its financial position during the year by reducing total borrowings from ₦37.7 billion to ₦30.7 billion, reflecting disciplined financial management and improved leverage metrics.
Total assets increased by 42 percent to ₦563.48 billion, while total equity rose 44 percent to ₦183.40 billion, underscoring sustained balance sheet expansion.
Operational Improvements Drive Growth
The company attributed its performance to enhanced generation capacity and improved operational efficiency. The return of GT20 added 100 megawatts (MW) to the national grid from January 3, 2025, boosting output.
Average available capacity increased significantly from 417MW to 550MW during the year, despite persistent grid and transmission constraints.
Board Proposes Increased Dividend
Based on the strong results, the Board of Directors proposed a full-year dividend of ₦5.50 per share for 2025. This comprises an interim dividend of ₦1.50 paid on August 18, 2025, and a final dividend of ₦4.00.
The proposed dividend represents a 10 percent increase compared to the previous year.
Chairman of the Board, Emmanuel Nnorom, stated:
“We remain dedicated to improving lives and transforming Africa, ensuring operational excellence and making strategic investments that deliver sustainable, long-term value to our shareholders, while also powering Nigeria’s socioeconomic development.”
“The confidence in our financial position allows us to propose a full year dividend of ₦5.50k per share for 2025 comprising an interim dividend of ₦1.50k paid on August 18, 2025, and a final of ₦4.00k, representing a 10 per cent increase from the previous year dividend.”
Managing Director/Chief Executive Officer, Peter Ikenga, added:
“Our FY 2025 results reflect our steadfast commitment to operational excellence, sustainable growth, strategic market expansion and enhanced generation capacity, which continue to fuel significant revenue growth, enabling us to consistently generate power to the national grid. During the year, we increased our average available capacity from 417MW to 550MW and improved average generation output despite grid and transmission line-related issues.”
“Notwithstanding the network transmission line issues, our FY 2025 performance remained strong and reflects our steadfast commitment to operational excellence and sustainable growth. Our confidence in the future trajectory of Transcorp Power Plc to deliver exceptional value to our shareholders remains unwavering. We will continue to work with relevant stakeholders, particularly Transmission Company of Nigeria, to strengthen the transmission lines and improve evacuation from our plant in 2026 and beyond.”
Transcorp Power Plc stated that it remains focused on supporting Nigeria’s energy transition, improving grid reliability, and delivering long-term shareholder value.
About Transcorp Power Plc
Transcorp Power Plc is one of Nigeria’s principal electricity generation companies and a key subsidiary of Transnational Corporation Plc (Transcorp Group), a diversified listed conglomerate with investments in power, hospitality, and energy.
The Business Bureau will continue to track developments in Nigeria’s power sector under its ongoing Nigeria News Today coverage.
