Transcorp Power Reports 52% Revenue Surge in H1 2025, Posts ₦205.8 Billion

Transcorp Power Plc has recorded a 52% year-on-year revenue increase to ₦205.8 billion in H1 2025, up from ₦135.4 billion in H1 2024. This significant boost stems from enhanced generation capacity, including an additional 100MW output, and improved operational efficiency.

Gross profit climbed to ₦77.6 billion, representing a solid gross margin of 23%, while profit before tax rose 15% to ₦58.7 billion, reflecting disciplined cost control. The company maintained strong profitability despite inflationary headwinds and foreign exchange volatility, supported by effective pricing strategies and cost optimization measures.

Demonstrating its commitment to shareholder value, Transcorp Power declared an ₦11.25 billion interim dividend, equating to ₦1.50 per 50 kobo share, subject to withholding tax.

The Management emphasized that sustained investment in infrastructure continues to bolster operational stability and investor trust.

Commenting on the report, Chairman Transcorp Power Plc, Emmanuel Nnorom, commented: “Our strong performance in the first half of 2025 highlights our disciplined cost management, efficient operations, and resilience despite economic headwinds. This solid foundation continues to strengthen investor confidence in our long-term value and growth potential.”

MD/CEO Transcorp Power Plc, Peter Ikenga, comments: “Our H1 2025 performance reflects the gains from the continued investment in our plant. We increased generation by 100MW, compared with the same period last year, and we remain committed to creating sustainable value for our shareholders and the country at large. Transcorp Power is confident in sustaining its growth momentum into the second half of 2025, as we fulfill our mission to power Nigeria and Africa.”

Transcorp Power expects its growth momentum to continue into the second half of 2025, driven by infrastructure upgrades, efficient energy output, and strategic financial management.