At N398bn, Transcorp Power Records 30% Year-On-Year Revenue Growth

Transcorp Power Plc, one of the power subsidiaries of Africa’s leading listed conglomerate, the 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 2024.

Its gross profit also climbed to N162.44 billion, up by 14 percent year-on-year, compared with the N142.21 billion it achieved in 2024, while its profit after tax also rose by N91.42 billion (up 14%) year-on-year from the N80.01 billion recorded in 2024.

A statement yesterday, stated that Transcorp Power’s impressive FY 2025 results were driven by: enhanced generation capacity, especially the return of GT20, adding 100MW to the national grid from January 3, 2025, significantly improved overall generation output.

Additionally, it enjoyed strengthened financial position as the company paid down over N7 billion borrowings, demonstrating disciplined financial management and commitment to reducing leverage.
Commenting on the results, the Chairman Board of Directors Transcorp Power Plc, Emmanuel Nnorom said: “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 socioeconomic development.

“The confidence in our financial position allows us to propose a full year dividend of ₦5.50k per share for 2025 comprising an interim dividend of ₦1.50k paid on August 18, 2025, and a final of ₦4.00k, representing a 10 per cent increase from the previous year dividend.”

For his part, MD/CEO Transcorp Power Plc, Peter Ikenga 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.

“During the year, we increased our average available capacity from 417MW to 550MW and improved average generation output despite grid and transmission line-related issues. Notwithstanding the network transmission line issues, our FY 2025 performance remained strong and reflects our steadfast commitment to operational excellence and sustainable growth.

“Our confidence in the future trajectory of Transcorp Power Plc to deliver exceptional value to our shareholders remains unwavering. We will continue to work with relevant stakeholders, particularly Transmission Company of Nigeria, to strengthen the transmission lines and improve evacuation from our plant in 2026 and beyond.”

Transcorp Power Plc continues to leverage its leadership position to support Nigeria’s energy transition and enhance grid reliability. The company remains committed to delivering superior returns to shareholders while contributing to national development.