Transcorp Power Plc has posted a gross profit of N77.6 billion in its unaudited financial results for the half-year ended June 30, 2025.
In line with its growth trajectory, the company has declared an interim dividend of N11.25 billion, equivalent to N1.50 per share, reflecting its commitment to rewarding shareholders.
The Company’s revenue grew by 52 per cent year-on-year to N205.8 billion in 2025, against N135.4 billion in H1 2024.
Cost of sales rose to N128.185 billion as against N72.467 billion in H1 2024; while gross profit increased to N77.6 billion, up from N62.9 billion in H1 2024, with a gross margin of 23 per cent.
Profit before tax rose by 15 per cent to N58.7 billion in H1 2025 from N51.0 billion in H1 2024; while profit after tax stood at N44.045 billion from N36.777 billion. Earnings per share of the Company as of June 2025 amounted to N5.87 from N4.90 in H1 2024.
The company’s total assets stood at N522.526 billion higher than N396.782 billion as at December 31, 2024.
Transcorp Power said the H1 2025 performance was driven by enhanced generation capacity and improved operational efficiency, a reflection of Transcorp Power’s continued investment in infrastructure and service delivery.
It stated that the performance highlighted Transcorp Powers’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.
Chairman of Transcorp Power, Emmanuel Nnorom said, “our strong performance in the first half of 2025 highlights our 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.”
MD/CEO Transcorp Power, Peter Ikenga, stated that, “our H1 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.”
Transcorp Power is one of Nigeria’s principal power generation companies and an electricity-generating subsidiary of Transnational Corporation Plc, with strategic investments in the power, hospitality, and energy sectors. Transcorp Power is committed to creating value, driving economic growth, and ensuring social goods through access to the electricity supply.
