- Proposes N4.00 Final dividend
Transcorp Power Plc (“Transcorp Power”) one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), has announced its audited financial results for the year ended December 31, 2025, recording a revenue of N398.27 billion for the period from N305.94 billion in FY 2024 indicating robust growth.
Key Highlights of the result showed that the company’s revenue peaked at N398.27 billion, reflecting 30 per cent year-on-year (Y/Y) growth from N305.94 billion recorded in 2024 financial year.
Gross Profit rose by 14 per cent year –on-year to N162.44 billion, from N142.21 billion in 2024 financial year, while Profit After Tax (PAT) peaked at N91.42 billion, also indicating 14 per cent Year on Year growth from N80.01 billion posted in 2024 financial year.
The result further showed that Earnings per Share (EPS) closed the accounting period at N12.19 from N10.67 in 2024. Total Borrowings (Short & Medium Term) reduced from N37.7 billion, to N30.7 billion as of Dec 2024 end of year. Total Assets ballooned by 42 per cent to N563.48 billion from N396.78 billion in FY 2024. While Total Equity increased by 44 per cent in 2025 to N183.40 billion, from N126.63 billion in FY 2024.
According to the results, the performance drivers of the numbers showed that Transcorp Power’s impressive FY 2025 results were driven by Enhanced Generation Capacity: The return of GT20, adding 100MW to the national grid from January 3, 2025, significantly improved overall generation output.
Also, Strengthened Financial Position helped to shore up the earnings, as the company in the year under review paid down over N7 billion in borrowings, demonstrating disciplined financial management and commitment to reducing leverage.
Chairman Board of Directors Transcorp Power Plc, Emmanuel Nnorom Comments, reassured investors and stakeholders of sustained focus in rendering efficient services and boosting earnings. “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 socio-economic development.”
“The confidence in our financial position allows us to propose a full year dividend of N5.50k per share for 2025 comprising an interim dividend of N1.50k paid on August 18, 2025, and a final of N4.00k, representing a 10 per cent increase from the previous year dividend.”
MD/CEO Transcorp Power Plc, Peter Ikenga, in his remark, following the result release said, “Our 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, enabling us to consistently generate power to the national grid.
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