Transcorp Power to pay N11.25bn interim dividend as H1 profit hits N77.6bn

Transcorp Power Plc, one of the power subsidiaries of Transnational Corporation Plc has announced its unaudited financial results for the half-year (H1) ended June 30, 2025.

The company’s revenue grew by 52 percent year-on-year to N205.8 billion in 2025, against N135.4 billion in H1 2024. The company said its 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.

Gross profit increased to N77.6 billion, up from N62.9 billion in H1 2024, with a gross margin of 23percent. Profit before tax rose by 15 percent to N58.7 billion in H1 2025, from N51.0 billion in H1’2024.

The performance highlights 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.

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Consistent with its commitment to delivering shareholder value, the company is rewarding shareholders with an interim dividend of N11.250billion equivalent to N1.50 for every 50 kobo ordinary share, subject to appropriate withholding tax.

The interim dividend of N1.50kobo per 50 kobo ordinary share, subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on Friday, August 8, 2025. The Register of Shareholders will be closed from Monday, August 11, 2025, to Thursday, August 14, 2025 (both dates inclusive).

On Monday, August 18, 2025, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Friday, August 8, 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

Emmanuel Nnorom, Chairman Transcorp Power Plc 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.”

Peter Ikenga, MD/CEO, Transcorp Power Plc said, “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 fulfil our mission to power Nigeria and Africa.”

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.