Transcorp Power Plc has reported a 30 percent year‑on‑year increase in revenue to N398.27bn for the financial year ended December 31, 2025, compared with N305.94bn in 2024.
The audited results were released by the power generation company, a subsidiary of Transnational Corporation Plc, on February 6, 2026. The performance reflects growth across key financial indicators amid efforts to strengthen generation capacity and financial management.
Transcorp Power’s gross profit rose to N162.44bn in 2025 from N142.21bn in 2024, representing a 14 percent year‑on‑year increase. Profit after tax for the period was N91.42bn, up from N80.01bn recorded in the previous year. Earnings per share increased to N12.19 from N10.67 in 2024.
Total assets expanded by 42 percent to N563.48bn from N396.78bn, while total equity rose by 44 percent to N183.40bn from N126.63bn. The company also reduced total borrowings to N30.7bn from N37.7bn in 2024.
The firm said the improved results were driven by enhanced generation capacity. The return of the GT20 plant added 100 megawatts of power to the national grid from January 3, 2025, significantly boosting overall generation output.
Chairman of the Board, Emmanuel Nnorom, said the company remained committed to operational excellence and strategic investments that deliver long‑term value to shareholders and support socioeconomic development in Nigeria.
He said, “The confidence in our financial position allows us to propose a full‑year dividend of N5.50 per share for 2025.”
The proposed dividend comprises an interim dividend of N1.50 per share paid August 18, 2025, and a final dividend of N4.00 per share, representing a 10 percent increase from the previous year.
Managing Director and Chief Executive Officer, Peter Ikenga, said the average available capacity increased from 417 megawatts to 550 megawatts in 2025. He noted improvements in average generation output despite challenges with grid transmission lines.
