Transcorp Power Plc has reported a 52 per cent year-on-year growth in revenue for the half-year ended June 30, 2025, accounting for N205.8 billion, compared to the N135.4 billion recorded in the same period of last year.
The company, in its unaudited financial results for the first half, increased its gross profit to N77.6 billion, up from N62.9 billion in the same period in 2024, representing a gross margin of 23 per cent.
The company’s profit before tax (PBT) also rose by 15 per cent, climbing to N58.7 billion in H1, 2025 from N51 billion in the corresponding period of 2024.
The company remained consistent in its dividend, rewarding shareholders with an interim dividend of N11.25 billion, equivalent to N1.50 per 50 kobo ordinary share, subject to applicable withholding tax.
Transcorp Power attributed its strong performance to enhanced generation capacity and improved operational efficiency, driven by continued investment in infrastructure and service delivery.
The Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the results underscore the company’s ability to sustain profitability despite inflationary pressures and foreign exchange volatility.
He added that the performance highlights Transcorp Power’s resilience and ability to maintain profitability in a challenging economic environment.
Nnorom added that the performance was also supported by effective pricing strategies, prudent cost management, and the company’s unwavering commitment to delivering strong shareholder returns.
On his part, the Managing Director/Chief Executive Officer, Peter Ikenga, noted that the company’s performance reflects the impact of ongoing investments in its power plant.
He revealed that Transcorp Power increased generation by 100 megawatts (MW) compared to the same period last year.
“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,” he added.
