Transcorp Power Plc Announces N91.4 Billion Annual Profit and Declares N41.25 Billion Dividend Following Capacity Expansion

Transcorp Power Plc reports 14% profit growth in 2025, declaring N41.25bn in dividends while increasing generation capacity to 625MW despite grid constraints.

By: AXL Media

Published: Apr 28, 2026, 4:15 AM EDT

Source: Information for this report was sourced from Business Hallmark.

Record Revenue and Shareholder Returns

Transcorp Power Plc has unveiled a strong financial report for the 2025 fiscal year, characterized by significant top and bottom-line growth. The company reported a total revenue of N398 billion, a substantial increase from the N305.9 billion recorded in 2024. This growth translated into a profit after tax of N91.4 billion, representing a 14.25% increase over the previous year's N80 billion. During the company’s 13th Annual General Meeting in Abuja, Chairman Emmanuel Nnorom announced a total dividend payout of N41.25 billion, amounting to N5.50 per share (including an interim N1.50 and a final N4.00 payment).

Operational Gains Amid Macroeconomic Headwinds

The company’s performance was achieved despite a challenging economic environment marked by high inflation, rising operating costs, and tight monetary conditions. Managing Director and CEO Peter Ikenga credited the success to improved plant performance and enhanced fuel efficiency. Notably, Transcorp Power increased its available generation capacity from 505 megawatts (MW) to 625 MW over the course of the year. The firm also successfully secured additional gas supplies and is currently exploring alternative fuel sources to bolster long-term energy security.

Sector Reforms and Liquidity Outlook

Chairman Nnorom expressed optimism regarding the Federal Government’s N4 trillion Presidential Power Sector Debt Reduction Plan. He described the initiative as a structured response to the chronic financial challenges and liquidity constraints that have long hampered the Nigerian power industry. This reform is expected to strengthen investor confidence and stabilize the market for generation companies, allowing for better working capital management and infrastructure reinvestment.