TRANSCORP Power Plc (NGX: TRANSPOWER), a leading Nigerian power generation company under Transnational Corporation Plc (Transcorp Group), has reported an impressive financial performance for the half-year ended June 30, 2025.
According to its unaudited results released on July 28, 2025, the company recorded ₦205.8 billion in revenue, marking a 52% increase compared to ₦135.4 billion reported during the same period in 2024.
The growth was driven by enhanced generation capacity, increased efficiency, and strategic investment in operational infrastructure.
Profitability remained solid, with a gross profit of ₦77.6 billion, up from ₦62.9 billion in H1 2024. Profit before tax also climbed to ₦58.7 billion, representing a 15% year-on-year growth.
In a show of commitment to shareholder value, the company declared an interim dividend of ₦11.25 billion, translating to ₦1.50 per 50 kobo ordinary share, subject to statutory deductions.
“Our strong performance in the first half of 2025 highlights our disciplined cost management, efficient operations, and resilience despite economic headwinds,” said Emmanuel Nnorom, Chairman of Transcorp Power Plc.
“This solid foundation continues to strengthen investor confidence in our long-term value and growth potential.”
Peter Ikenga, Managing Director/CEO, emphasized the company’s commitment to capacity expansion and sustainable value: “We increased generation by 100MW compared to the same period last year, and our results reflect the impact of continuous investment in plant infrastructure.
“Transcorp Power remains focused on powering Nigeria and Africa, while delivering long-term returns to our shareholders.”
Despite operating in a challenging macroeconomic environment marked by inflation and foreign exchange volatility, the company attributed its resilient performance to strategic pricing, sound cost control, and improved efficiency.
Transcorp Power Plc remains a major player in Nigeria’s energy sector, contributing significantly to national development through its operations in the Ughelli Power Plant and other assets.
As part of the broader Transcorp Group, it is strategically aligned with the conglomerate’s vision of driving economic transformation across power, hospitality, and energy sectors.
