Transcorp Power Plc, a power subsidiary of Transnational Corporation Plc, on Monday published its financials for the half-year ended June 30, 2025, with highlights such as the 51.95% year-on-year rise in revenue, while Profit After Tax closed at ₦58.7bn, up by 15% from ₦₦51bn, from which the directors recommended the distribution of ₦11.25bn as interim dividend, which translated to ₦1.50 per share.
According to the result, revenue for the period increased to ₦205.8bn, up from ₦135.4bn in the corresponding period of 2024; with gross profit of ₦77.6bn, up from ₦62.9bn in half-year 2024, representing a gross margin of 23%. Profit before tax for the period rose by 15% PBT, to ₦58.7bn in H1 2025, from ₦51bn during the period.
- Ikenga
The half-year performance was driven by the company’s enhanced generation capacity and improved operational efficiency, reflecting was she called her continued investment in infrastructure and service delivery.
The performance, the statement added, highlights Transcorp Power’s ability to maintain profitability, despite inflationary pressures and foreign exchange volatility, supported by effective pricing strategies and cost management, as well as the Company’s commitment to delivering significant returns to shareholders, with the enhanced dividend.
Commenting on the result, Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the strong half-year performance 2025 highlights her “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.”
Managing Director/Chief Executive, Peter Ikenga, said the “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.”
