Transcorp Power Plc, a power generation subsidiary of Transnational Corporation Plc (Transcorp Group), reported a 30 percent increase in revenue for the year ended December 31, 2025, as generation capacity rose to 550MW.
According to the company’s earnings release, the strong performance was largely supported by enhanced generation capacity, following the return of gas turbine GT20, which added 100 megawatts to the national grid from January 2025.
During the year, the company increased its average available capacity from 417MW to 550MW, boosting overall generation output despite ongoing grid and transmission constraints.
In its full-year financial statement, the company’s revenue rose to N398.27 billion in FY 2025, from N305.94 billion in the previous year. Gross profit increased by 14 percent to N162.44 billion, compared with N142.21 billion in 2024, while profit after tax grew to N91.42 billion from N80.01 billion.
Earnings per share also improved to N12.19, up from N10.67 in the prior year, reflecting stronger profitability.
Transcorp Power recorded significant balance sheet growth, with total assets rising by 42 percent to N563.48 billion from N396.78 billion in FY 2024. Shareholders’ equity expanded by 44 percent to N183.40 billion, while total short- and medium-term borrowings declined to N30.7 billion from N37.7 billion, underscoring the company’s focus on reducing leverage.
Emmanuel Nnorom, chairman of Transcorp Power Plc, said the company remains committed to delivering sustainable value while supporting Nigeria’s economic development.
“We remain dedicated to improving lives and transforming Africa, ensuring operational excellence and making strategic investments that deliver long-term value to our shareholders, while also powering Nigeria’s socioeconomic growth,” Nnorom said.
He added that the board has proposed a full-year dividend of N5.50 per share for 2025, comprising an interim dividend of N1.50 paid in August and a final dividend of N4.00, representing a 10 percent increase over the previous year
Peter Ikenga, managing director and chief executive officer, said the company’s results highlight its focus on capacity expansion and operational excellence.
“Our FY 2025 performance reflects our commitment to sustainable growth, strategic expansion, and enhanced generation capacity, which continue to drive revenue growth and consistent power supply to the national grid,” Ikenga said.
Despite challenges related to transmission infrastructure, he noted that Transcorp Power remains confident in its growth outlook and will continue working with the Transmission Company of Nigeria to strengthen grid capacity and improve power evacuation in the coming years.
Transcorp Power said it will continue leveraging its leadership position to support Nigeria’s energy transition, enhance grid reliability, deliver superior returns to shareholders, and contribute to national development.
