Segun Atanda/
Transcorp Power Plc (NGX: TRANSPOWER), a key player in Nigeria’s power generation sector and subsidiary of Transnational Corporation Plc (Transcorp Group), has reported a strong half-year performance for 2025, with profit surging to ₦77.6 billion and an interim dividend of ₦11.25 billion declared for shareholders.
The company’s unaudited results for the period ended June 30, 2025, revealed a 52% year-on-year revenue growth to ₦205.8 billion, up from ₦135.4 billion in H1 2024. This impressive performance was attributed to enhanced generation capacity, improved operational efficiency, and strategic investments in infrastructure.
Key Highlights:
Revenue Growth: ₦205.8 billion, up 52% from ₦135.4 billion in H1 2024.
Profit: Gross profit increased to ₦77.6 billion, up from ₦62.9 billion in H1 2024, with a gross margin of 23%.
Profit After Tax rose by 15% PBT, to ₦58.7 billion in H1 2025, from ₦51.0 billion in H1 2024
Dividend Payout: Shareholders to receive ₦1.50 per 50 kobo share, totaling ₦11.25 billion, subject to withholding tax.
Chairman of Transcorp Power Plc, Emmanuel Nnorom, said: “Our strong performance in the first half of 2025 underscores our disciplined cost management, efficient operations, and resilience amid economic headwinds. This strengthens investor confidence in our long-term value and growth potential.”
Managing Director/CEO, Peter Ikenga, noted that the company’s ongoing investment in generation capacity, boosting output by 100MW year-on-year, was pivotal to its success:
“We remain committed to creating sustainable value for our shareholders while fulfilling our mission to power Nigeria and Africa,” he said.
Despite inflationary pressures and forex volatility, Transcorp Power’s cost management and pricing strategies have enabled it to sustain profitability while reinforcing its position as a leading energy solutions provider in Nigeria.
With these results, the company signaled confidence in maintaining its growth momentum in the second half of 2025.
0Related posts:
EFCC Set to Recruit More Staff, Increase Salaries as Magu Demands N22Billion Funding
Osinbajo Commissions Transcorp’s Afam 240MW Three Fast Power Turbines
Transcorp Group Revenue Hits N135bn, Profit Grows to N30.2bn
Transcorp Reports Strong Results Post Listing: N142 Billion Revenue, N52.8 Billion PBT …Declares N23.46 Billion Dividend
Equities Market Defies Profit Taking, Gains N188bn
Transcorp Power Plc Reports Strong Q3 2024 Performance, with 153% Revenue Growth and 198% Increase in Profits