Transcorp Power Plc has proposed a ₦5.50 per share dividend for 2025 after recording a 30% year-on-year increase in revenue to ₦398.27 billion in the 2025 financial year up from ₦305.94 billion in the 2024 financial year.
The proposed dividend comprises an interim dividend of ₦1.50 paid in August 2025 and a final dividend of ₦4.00 per share.
Gross profit rose to ₦162.44 billion, representing a 14 per cent increase from ₦142.21 billion in FY 2024, while profit after tax climbed to ₦91.42 billion from ₦80.01 billion in the previous year. Earnings per share also improved to ₦12.19, compared with ₦10.67 in 2024.
The company’s balance sheet strengthened significantly during the year, with total assets increasing by 42% to ₦563.48 billion from ₦396.78 billion in FY 2024. Total equity rose by 44% to ₦183.40 billion, reflecting improved profitability and retained earnings.
In addition, Transcorp Power reduced its total short- and medium-term borrowings to ₦30.7 billion, down from ₦37.7 billion as of December 2024, after paying down more than ₦7 billion in debt during the year.
Performance drivers
According to the company, the strong performance was largely driven by enhanced generation capacity and improved financial discipline. The return of Gas Turbine 20 (GT20) in January 2025 added 100 megawatts to the national grid, boosting overall generation output.
Transcorp Power also reported an increase in average available capacity from 417MW to 550MW during the year, despite ongoing challenges related to grid stability and transmission constraints.
Chairman of the Board of Directors, Emmanuel Nnorom, said the results reflect the company’s long-term strategy of operational excellence and value creation.
“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,” he said.
Managing Director and Chief Executive Officer, Peter Ikenga, said the company’s FY 2025 performance demonstrates its resilience and growth potential.
“Our results reflect our steadfast commitment to operational excellence, sustainable growth, strategic market expansion, and enhanced generation capacity, which continue to fuel significant revenue growth,” Ikenga said.
He noted that despite transmission line and grid-related challenges, Transcorp Power maintained strong output and will continue working with the Transmission Company of Nigeria to strengthen evacuation capacity from its Ughelli plant in 2026 and beyond.
