Transcorp Power Plc, the electricity generation arm of Transnational Corporation Plc (Transcorp Group), has posted strong financial results for the first half of the year ended June 30, 2025. The unaudited results show that the company grew its revenue by 52 per cent year-on-year, reaching N205.8 billion, up from N135.4 billion recorded in the same period in 2024.
The company’s performance was driven by increased generation capacity, operational efficiency, and cost-cutting measures, even as Nigeria’s economy continues to face challenges like rising inflation and forex instability. This positive outcome confirms the company’s strong strategy and leadership in the power sector.
In the report made public, gross profit rose to N77.6 billion from N62.9 billion in the first half of 2024, translating to a 23 per cent gross margin. The company also recorded profit before tax of N58.7 billion, an increase from N51.0 billion in the previous year. These figures signal sustained profitability and business resilience.
As a reward to shareholders, Transcorp Power declared an interim dividend of N11.25 billion, which represents N1.50 per 50 kobo share. The dividend payout shows the firm’s healthy cash flow and dedication to rewarding investors, even in a tough economic environment.
Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the growth was made possible through disciplined spending, improved management, and operational focus. “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,” Nnorom said.
Also speaking, Managing Director and CEO, Peter Ikenga, said the investments made in infrastructure were already yielding positive results. He disclosed that the company added 100 megawatts (MW) to its generation output compared to the same period in 2024.
“Our H1 2025 performance reflects the gains from the continued investment in our plant. We increased generation by 100MW compared to the same period last year, and we remain committed to creating sustainable value for our shareholders and the country at large,” he said.
Ikenga stressed that the company’s focus remains on expanding power capacity, improving reliability of its power plants, and embracing technology that will make operations smoother. He also noted that Transcorp Power intends to sustain its growth through the second half of 2025.
He added, “Transcorp Power is well-positioned to play a major role in powering not just Nigeria, but the African continent.” This reinforces the company’s ambition to be a key player in solving Africa’s energy deficit.
The company’s performance reflects a larger trend of private investment making progress in Nigeria’s electricity sector. As public power remains unreliable, companies like Transcorp Power are stepping in to provide much-needed generation support to the national grid.
Transcorp Power’s business strategy centres on capacity expansion, plant reliability, and stakeholder engagement. These efforts support the federal government’s goal of achieving energy security and boosting economic growth through reliable power supply.
As a key subsidiary of Transcorp Group, the company continues to provide significant energy to the national grid, powering homes, industries, and businesses across the country. Its impact on national development and economic transformation cannot be overstated.
Looking forward, Transcorp Power says it will continue to build a resilient and diversified power business, committed to supporting Nigeria’s industrial goals and improving energy access across all regions.
The company’s ability to deliver strong financial results despite a tough operating environment shows strength in its leadership and a clear long-term vision for the future of energy in Nigeria.
