Transcorp Power Plc recorded a 30 per cent year-on-year increase in revenue to ₦398.27 billion for the financial year ended December 31, 2025, up from ₦305.94 billion in 2024, reflecting improved generation capacity and tighter cost control.

The power generation firm, listed on the Nigerian Exchange as TRANSPOWER and a subsidiary of Transnational Corporation Plc, also reported profit after tax of ₦91.42 billion, a 14 per cent increase from ₦80.01 billion in the previous year.

Gross profit rose to ₦162.44 billion from ₦142.21 billion, while earnings per share increased to ₦12.19 from ₦10.67. Total assets expanded by 42 per cent to ₦563.48 billion, compared with ₦396.78 billion in 2024, and shareholders’ equity grew by 44 per cent to ₦183.40 billion.

The company said borrowings were reduced to ₦30.7 billion from ₦37.7 billion, as management continued efforts to strengthen the balance sheet and lower leverage.

According to the company, the 2025 performance was driven largely by higher generation capacity and disciplined financial management. The return of the GT20 unit added 100 megawatts to the national grid from January 3, 2025, while more than ₦7 billion was paid down in debt during the year.

Chairman Emmanuel Nnorom said the results reflected the company’s long-term operating strategy and focus on sustainable value creation.

“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,” he said.

The board proposed a full-year dividend of ₦5.50 per share for 2025, comprising an interim dividend of ₦1.50 paid in August and a final dividend of ₦4.00, representing a 10 per cent increase over the previous year.

Managing director and chief executive officer Peter Ikenga said improvements in plant availability supported revenue growth, despite constraints on power evacuation.

He said average available capacity increased from 417MW to 550MW during the year, while generation output improved amid ongoing grid and transmission challenges.

Ikenga added that the company would continue to engage with sector stakeholders, including the Transmission Company of Nigeria, to address evacuation limitations and strengthen transmission infrastructure in the coming years.

Transcorp Power said it remains focused on improving grid reliability and supporting Nigeria’s energy transition, while delivering sustainable returns to shareholders.