Transcorp Power Plc has announcing N41.2bn total dividend payout to its shareholders, solidifying its position as a cornerstone of Nigeria’s energy sector.
The announcement was made during the company’s 13th Annual General Meeting held in Abuja.
The dividend package reflects the company’s robust performance throughout the 2025 financial year. Shareholders are set to receive a final dividend of N30bn, representing N4.00 per share, which complements the N11bn interim dividend (N1.50 per share) already distributed in August 2025.
The company’s financial trajectory showed a marked upward trend, with revenue rising from N305.94bn in FY 2024 to N398.27bn in FY 2025.
Addressing the assembly, the Chairman of Transcorp Power Plc, Emmanuel Nnorom, emphasised the company’s dual mission of profitability and national development: “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.”
Nnorom further highlighted the technical milestones that fuelled this growth: “Our revenue growth in 2025 was underpinned by a deliberate capacity expansion strategy. The commissioning of GT20 added 100MW to our output, lifting our average available capacity from 417MW to 550MW, a milestone that meaningfully strengthened our generation profile.”
Despite broader industry challenges, including grid instability and transmission hurdles, the management team expressed strong confidence in the company’s lean financial structure and future outlook.
Commenting on the financial results, the MD/CEO of Transcorp Power Plc, Peter Ikenga, noted, “The 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. We reduced our loan obligations by approximately N7bn during the year, which directly enhanced our bottom line and reinforces our commitment to a stronger, leaner financial position.”
Looking ahead to 2026, Ikenga added, “Our confidence in the future trajectory to deliver exceptional value to our shareholders remains unwavering. We thank our shareholders for their immense support, as we continue to work with relevant stakeholders to strengthen the transmission lines and improve evacuation from our plant in 2026 and beyond.”
The meeting saw high levels of engagement from investors, who praised the Board’s transparency and the company’s competitive edge. A shareholder, Patrick Ajudua, remarked, “Transcorp Power has shown power and resilience, demonstrating its superiority over other generation companies in Nigeria.”
His sentiments were echoed by Bakare Adeyinka, who stated, “We are confident that the Board and Management led by Mr Nnorom will continue to perform. We are proud to be part of Transcorp Power Plc.”
However, the celebratory mood was tempered by discussions on infrastructure security. Several shareholders raised urgent concerns regarding the persistent threat of vandalism to the national grid infrastructure. They called for a unified front between community leaders, government agencies, and the private sector to protect critical energy assets that are vital to Nigeria’s economic survival.
Transcorp Power Plc, a subsidiary of the Transnational Corporation Plc conglomerate, continues to be a leading force in Nigeria’s power generation landscape, focusing on value creation and bridging the nation’s electricity supply gap.
