Transcorp Power Approves N41.2 Billion Dividend Following Substantial Capacity Expansion And Revenue Growth

Transcorp Power confirms N41.2 billion dividend as revenue hits N398.27 billion. Learn how capacity expansion is driving the Nigerian energy leader's success.

By: AXL Media

Published: Apr 28, 2026, 4:32 AM EDT

Source: Information for this report was sourced from The Nation Newspaper

Strategic Payout Finalized During Abuja General Meeting

Transcorp Power Plc has officially sanctioned a total dividend distribution of N41.2 billion for the 2025 financial year, marking a significant milestone for the power generation firm. During the 13th Annual General Meeting in Abuja, the company detailed a payment structure that includes an interim dividend of N11 billion, or N1.50 per share, distributed in August 2025. This is supplemented by a final dividend of N30 billion, equivalent to N4 per share, as the board rewards investors following a period of robust fiscal performance and operational scaling.

Operational Milestones Drive Substantial Revenue Gains

The audited financial results for the period ending December 31, 2025, showcase a dramatic upward trajectory in the company’s earning power. Revenue surged to N398.27 billion, representing a sharp climb from the N305.94 billion recorded during the 2024 fiscal year. This growth was largely facilitated by the commissioning of the GT20 turbine, which successfully added 100MW to the company’s total output. According to Chairman Emmanuel Nnorom, this strategic move increased the average available capacity from 417MW to 550MW, significantly bolstering the firm's generation profile within the national energy landscape.

Fiscal Discipline and Debt Reduction Enhance Bottom Line

Beyond top-line growth, the power generator focused heavily on optimizing its balance sheet to ensure long term financial stability. The company successfully reduced its existing loan obligations by approximately N7 billion during the year, a move that directly fortified its net earnings and liquidity. This leaner financial structure is part of a broader commitment to operational excellence and shareholder value. By paring down debt while simultaneously expanding production assets, the management has signaled a shift toward a more resilient and sustainable corporate framework.