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Transcorp Power Reports 30% Revenue Growth in 2025

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Transcorp

Transcorp Power 2025 results show 30% revenue growth, ₦91.42bn profit after tax, and improved generation, enhancing shareholder value

Transcorp Power Plc has released its audited financial results for the year ended December 31, 2025, recording robust growth across revenue, profit, and generation output.

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Also read: NGX Awards 2025 Honour Top Performers in Nigeria’s Capital Market

The company reported revenue of ₦398.27 billion, a 30 percent increase from ₦305.94 billion in 2024.

Gross profit rose 14 percent to ₦162.44 billion, while profit after tax climbed 14 percent to ₦91.42 billion.

Earnings per share increased to ₦12.19 from ₦10.67, and total assets expanded to ₦563.48 billion, up 42 percent from the previous year.

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Chairman of the Board, Emmanuel Nnorom, attributed the performance to operational improvements, including the return of the GT20, which added 100MW to the national grid from January 3, 2025, and disciplined financial management that enabled the repayment of over ₦7 billion in borrowings.

“Our FY 2025 performance demonstrates operational excellence, sustainable growth, and strategic investments that deliver long-term value to shareholders while supporting Nigeria’s socioeconomic development,” Nnorom said.

Managing Director and CEO, Peter Ikenga, noted that average available capacity increased from 417MW to 550MW, boosting generation output despite grid and transmission line challenges.

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He also highlighted plans to collaborate with the Transmission Company of Nigeria to strengthen transmission infrastructure and ensure consistent power evacuation in 2026 and beyond.

The board proposed a full-year dividend of ₦5.50 per share, comprising an interim dividend of ₦1.50 per share and a final dividend of ₦4.00 per share, representing a 10 percent increase from the prior year.

Also read: Flamingos U-17 World Cup loss blamed on errors – Olowookere

Ikenga added, “Our results reflect our unwavering commitment to operational excellence, sustainable growth, and delivering exceptional value to our shareholders.”

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Opinion

WAKE UP! Art Exhibition Returns for a Second Act

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WAKE UP

The contemporary art and photography exhibition “Wake Up!” is back again for a second edition.

Curated by Awele Onwordi, Wake Up! 2 exhibition pays homage to the Nigerian youth and burgeoning street culture which many of its contributing artists reference in their works.

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Also read: Fiorentina Target Zirkzee in €5m Loan Deal

Titled “Young, Wild, Free”, the exhibition celebrates the creativity, resilience, freedom and cultural influence found in Nigerian youth.

Taking aim at societal issues and economic concerns, the exhibit reflects the youth and their refusal to compromise or bow despite all the challenges stacked against them while charting youth culture through art, music, fashion, skateboarding, photography and community.

The exhibition will be held, once again, at the Angel and Muse Gallery at 25 Sumbo Jibowu street off Ribadu Road off Awolowo Road in Ikoyi.

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It will open on Saturday 5 September 2026 and will run until 11 September 2026
This second edition which focuses on celebrating, nurturing and exploring artistic practices rooted in youth and street culture will feature works from DENCITY and SUPERGLIDER HOUSE.

Exhibiting artists include Ajilore Kehinde – their work is deeply influenced by Nigerian street culture and works of other artists like Slawn, Peters Ejiro, etc, Chuka Onwordi – graphic designer who embodies themes of death, melancholy and beauty in his works, ZIDYEP – Abuja based creative whose works move between digital and physical spaces through art, graphic design and air brushing , Franklyn Okoye – graphic designer and artist whose works explore themes of identity and hyper-reality, Awele Onwordi – founder & curator of WAKE UP and multidisciplinary artist whose practice spans character art, creative logo design, album covers and more , Oluchi Kogolo – digital illustrator whose work explores street culture, personality and storytelling through a raw and playful visual style and Kozetuo Apeji – multidisciplinary artists who work explores experimental approaches to problem solving through both digital and traditional art forms.


Commenting on the exhibition in her curatorial statement, Awele noted that “despite economic instability, limited opportunities and socio-political challenges, Nigerian youth continue to shape culture through music, fashion, art, skateboarding, raves, photography and community.”

Also read: Fiorentina Target Zirkzee in €5m Loan Deal

Continuing and harping on the raison d’etre of the exhibition she said, “Young, Wild and Free exists to celebrate Nigerian youth while also creating a platform that supports and amplifies them.”

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