Transcorp Power is rewarding shareholders with an interim dividend of N11.250billion equivalent to N1.50 for every 50 kobo ordinary share, subject to appropriate withholding tax
By Eugene Onyeji
Transcorp Power, the electricity generation subsidiary of Transnational Corporation Plc has announced its unaudited financial results for the half-year (H1) ended June 30, 2025.
Turnover, according to its earnings report issued on Monday, increased by more than half to N205.8 billion, against N135.4 billion in H1 2024. The company said its H1 2025 performance was driven by enhanced generation capacity and improved operational efficiency, a reflection of Transcorp Power’s continued investment in infrastructure and service delivery.
Gross profit increased to N77.6 billion, up from N62.9 billion in H1 2024, with a gross margin of 23percent. Profit before tax rose by 15 percent to N58.7 billion in H1 2025, from N51.0 billion in H1’2024.
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.
Consistent with its commitment to delivering shareholder value, Transcorp Power is rewarding shareholders with an interim dividend of N11.250billion equivalent to N1.50 for every 50 kobo ordinary share, subject to appropriate withholding tax.
Emmanuel Nnorom, Chairman Transcorp Power Plc said, “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.”
Peter Ikenga, MD/CEO, Transcorp Power Plc said, “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 fulfil our mission to power Nigeria and Africa.”
