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Transcorp Power Plc, the power subsidiary of Nigeria’s leading conglomerate, Transnational Corporation Plc (Transcorp Group), has reported a stellar performance for the half-year ended June 30, 2025. The company’s unaudited financial results reveal impressive revenue growth, improved profit margins, and a robust interim dividend—demonstrating its resilience and commitment to long-term value creation.
According to the financials released, Transcorp Power’s revenue surged by 52% year-on-year to N205.8 billion, compared to N135.4 billion in the same period of 2024. The increase was driven by enhanced generation capacity, improved operational efficiency, and effective cost-management strategies despite macroeconomic headwinds such as inflation and foreign exchange volatility.
Gross profit rose from N62.9 billion in H1 2024 to N77.6 billion in H1 2025, reflecting a 23% gross margin. Profit before tax also climbed to N58.7 billion, up from N51.0 billion recorded in the same period last year marking a 15% increase.
In line with its commitment to shareholder value, Transcorp Power has declared an interim dividend of N11.25 billion, translating to N1.50 per 50 kobo ordinary share. This move underscores the company’s strong cash flow position and confidence in its growth strategy.
Commenting on the performance, Chairman of Transcorp Power Plc, Emmanuel Nnorom, attributed the strong results to disciplined cost management, strategic capital deployment, and efficient operations.
“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,” Nnorom said.
Managing Director/CEO of Transcorp Power Plc, Peter Ikenga, added that the company’s investments in infrastructure have started yielding substantial returns.
“Our H1 2025 performance reflects the gains from the continued investment in our plant. We increased generation by 100MW compared to the same period last year, and we remain committed to creating sustainable value for our shareholders and the country at large,” he noted.
Ikenga also reaffirmed the company’s determination to sustain growth momentum in the second half of the year, adding that Transcorp Power is well-positioned to play a major role in powering not just Nigeria, but the African continent.
Transcorp Power’s latest results signal a significant shift in the Nigerian power generation sector, reinforcing the role of private sector-led investments in achieving energy security. The company’s strategy focuses on expanding capacity, improving plant reliability, adopting innovative technologies, and deepening stakeholder engagement to drive long-term growth.
A member of the Transcorp Group, Transcorp Power Plc is one of Nigeria’s principal power generation companies, playing a critical role in the national grid and economic development. It operates with a mission to deliver reliable electricity and support socio-economic transformation across the country.
As it looks ahead to the rest of 2025 and beyond, Transcorp Power remains committed to building a resilient, diversified energy business that supports Nigeria’s industrial aspirations and energy access goals. The company’s ability to deliver strong returns in a challenging environment speaks to its leadership strength, operational capacity, and long-term strategic focus.
