Transcorp Power Plc, one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc has released its audited financial results for the year ended December 31, 2025.
The company recorded a revenue of N398.27 billion for the period from N305.94 billion in FY’2024 indicating robust growth of 30 percent.
Gross profit grew by 14 percent to N162.44 billion from N142.21 billion in FY 2024). Profit After Tax of N91.42 billion in 2025 represents 14 percent increase Year on Year (YoY) from N80.01billion in 2024.
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Earnings per Share (EPS) of N12.19, up from N10.67 in 2024. Total Borrowings (Short & Medium Term) was N30.7 billion (reduced from N37.7 billion as of December 2024). Total Assets was N563.48 billion, up 42 percent from N396.78 billion in FY 2024.
Total Equity of N183.40 billion represents 44 percent increase from N126.63 billion in FY 2024.
Performance drivers…
Transcorp Power’s impressive FY 2025 results were driven by: Enhanced Generation Capacity: The return of GT20, adding 100MW to the national grid from January 3, 2025, significantly improved overall generation output.
Strengthened Financial Position: The Company paid down over N7 billion in borrowings, demonstrating disciplined financial management and commitment to reducing leverage.
Emmanuel Nnorom, chairman Board of Directors, Transcorp Power Plc said, “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 also powering Nigeria’s socioeconomic development.”
“The confidence in our financial position allows us to propose a full year dividend of N5.50 kobo per share for 2025 comprising an interim dividend of N1.50 kobo paid on August 18, 2025, and a final of N4 kobo, representing a 10 per cent increase from the previous year dividend.”
Peter Ikenga, managing director/CEO Transcorp Power Plc said, “Our FY 2025 results reflect our steadfast commitment to operational excellence, sustainable growth, strategic market expansion and enhanced generation capacity, which continue to fuel significant revenue growth, enabling us to consistently generate power to the national grid”.
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“During the year, we increased our average available capacity from 417MW to 550MW and improved average generation output despite grid and transmission line-related issues. Notwithstanding the network transmission line issues, our FY 2025 performance remained strong and reflects our steadfast commitment to operational excellence and sustainable growth.
“Our confidence in the future trajectory of Transcorp Power Plc to deliver exceptional value to our shareholders remains unwavering. We will continue to work with relevant stakeholders, particularly Transmission Company of Nigeria, to strengthen the transmission lines and improve evacuation from our plant in 2026 and beyond,” he said.
