Transcorp Power Plc (“Transcorp Power” or the “Company”) has announced a strong financial performance for the financial year ended December 31, 2025, with total revenue rising 30% year-on-year to ₦398.27 billion, up from ₦305.94 billion in 2024.
Nairametrics This robust growth underscores the company’s expanding operational capacity, improved efficiency, and disciplined financial management during the period.
Don’t Miss This: MTN in Advanced Talks to Buy Remaining IHS Towers in Deal Valued at $2.76 Billion
Key Financial Highlights (FY 2025 vs FY 2024)MetricFY 2025FY 2024YoY ChangeRevenue₦398.27 billion₦305.94 billion+30%
Gross Profit₦162.44 billion₦142.21 billion+14% Profit After Tax₦91.42 billion₦80.01 billion+14%
Earnings Per Share (EPS)₦12.19₦10.67↑ Total Assets₦563.48 billion₦396.78 billion+42% Total Equity₦183.40 billion₦126.63 billion+44% Borrowings₦30.7 billion₦37.7 billion↓⚡ What Drove the Performance1.
Enhanced Generation CapacityA major contributor to the revenue surge was the return of the GT20 gas turbine, which added 100 MW of generation capacity to the national grid from January 3, 2025. This expansion elevated the company’s average available capacity from 417 MW to 550 MW, bolstering energy output despite persistent grid and transmission constraints.
Operational Efficiency & Financial DisciplineTranscorp Power strengthened its balance sheet during the year, reducing total borrowings from ₦37.7 billion to ₦30.7 billion a testament to fiscal discipline.
This improved leverage position enhances the company’s capacity to invest in future growth initiatives.
Dividend Proposal & Shareholder ValueIn light of the strong results, the Board of Directors has proposed a full-year dividend of ₦5.50 per share, comprising:Interim dividend: ₦1.50 per share (already paid on August 18, 2025)Final dividend: ₦4.00 per share.
This represents a 10% increase compared to the prior year’s dividend, reflecting confidence in Transcorp Power’s earnings sustainability.
Management CommentaryEmmanuel Nnorom Chairman, Board of Directors:“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 powering Nigeria’s socioeconomic development.”
Peter Ikenga Managing Director/CEO:“Our FY 2025 results reflect our commitment to operational excellence and strategic growth…
We will continue to work with stakeholders, particularly the Transmission Company of Nigeria, to strengthen transmission evacuation and improve power delivery in 2026 and beyond.”
Looking AheadTranscorp Power’s performance in 2025 highlights resilience amidst sector challenges and positions the company for sustained growth.
Don’t Miss This:MTN in Advanced Talks to Buy Remaining IHS Towers in Deal Valued at $2.76 Billion
With increased capacity, disciplined financial management, and strong shareholder returns, the company is poised to further support Nigeria’s energy transition and contribute to national development.
Image Credit: Google
Source: Nairametrics
