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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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.

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.

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.

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