Transcorp Power Plc has posted a profit of N77.6bn for the half-year ended June 30, 2025, and declared an interim dividend of N11.25bn, reflecting strong operational performance and a commitment to shareholder value.
The company, a subsidiary of Transnational Corporation Plc, disclosed in its unaudited financial statements filed on the Nigerian Exchange Limited on Monday that its revenue rose by 52 per cent to N205.8bn in the first half of 2025, compared to N135.4bn recorded in the corresponding period of 2024. The growth was attributed to improved generation capacity and enhanced operational efficiency.
According to the financials, gross profit stood at N77.6bn, higher than the N62.9bn posted in the first half of 2024, while the company’s profit before tax increased by 15 per cent to N58.7bn from N51bn recorded in the same period last year.
Profit After Tax rose by 15% PBT, to N58.7bn in H1 2025, from N51.0bn in H1 2024. Gross margin for the period was 23 per cent.
The company announced an interim dividend of N11.25bn, representing N1.50 for every 50 kobo ordinary share, subject to appropriate withholding tax. This, the company noted, underscores its commitment to rewarding shareholders amid strong earnings and stable growth.
Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the company’s solid results were a reflection of disciplined cost management and resilience in a challenging economic environment.
“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,” he said.
Also speaking on the results, the Managing Director and Chief Executive Officer of Transcorp Power Plc, Peter Ikenga, noted that the company’s investments in infrastructure were yielding results.
“Our H1 2025 performance reflects the gains from the continued investment in our plant. We increased generation by 100 megawatts compared with the same period last year, and we remain committed to creating sustainable value for our shareholders and the country at large,” he said.
He added that the company was confident of sustaining its growth momentum into the second half of 2025 as it continues to deliver on its mission to power Nigeria and Africa.
