Transcorp Power Plc’s Remarkable First-Half 2025 Performance: A Testament to Strategic Investments and Operational Excellence
Transcorp Power Plc, a prominent subsidiary of Transnational Corporation Plc and a key player in Nigeria’s power sector, has announced exceptional financial results for the first half of 2025, showcasing robust growth and a commitment to shareholder value. The company’s unaudited financial statements, filed with the Nigerian Exchange Limited, reveal a remarkable surge in revenue, profitability, and dividend payouts, driven by strategic investments, enhanced operational efficiency, and prudent cost management.
The company’s revenue for the first six months of 2025 reached an impressive N205.8 billion, marking a substantial 52% increase compared to N135.4 billion in the corresponding period of 2024. This significant growth underscores the success of Transcorp Power’s strategic initiatives, particularly its investments in expanding generation capacity and improving operational efficiency. The company’s ability to capitalize on increased generation, alongside effective cost control measures, has contributed significantly to its impressive financial performance.
The enhanced revenue translated into a robust gross profit of N77.6 billion, a notable improvement from N62.9 billion in the first half of 2024. Furthermore, the company’s profit before tax (PBT) saw a 15% rise, reaching N58.7 billion compared to N51 billion in the same period last year. Similarly, profit after tax (PAT) also experienced a 15% increase, mirroring the PBT growth and reinforcing the company’s overall financial strength. The gross margin for the period stood at a healthy 23%, indicating efficient cost management and strong profitability.
Demonstrating its commitment to rewarding shareholders, Transcorp Power Plc declared an interim dividend of N11.25 billion, translating to N1.50 for every 50 kobo ordinary share. This substantial dividend payout reflects the company’s confidence in its continued growth trajectory and its dedication to sharing its success with investors. The dividend announcement further underscores the company’s financial stability and its commitment to maximizing shareholder returns.
The leadership of Transcorp Power Plc attributes the company’s exceptional first-half performance to a combination of factors, including disciplined cost management, operational resilience amid challenging economic conditions, and strategic investments in infrastructure. Emmanuel Nnorom, Chairman of Transcorp Power Plc, highlighted the company’s ability to navigate economic headwinds while maintaining a strong focus on cost efficiency, ultimately contributing to increased investor confidence in the company’s long-term value and growth potential.
Peter Ikenga, Managing Director and Chief Executive Officer of Transcorp Power Plc, emphasized the positive impact of the company’s continued investments in its power plant. He noted a significant increase in generation capacity, with a 100-megawatt increase compared to the same period last year. This expansion in generation capacity, driven by strategic investments and operational improvements, has played a pivotal role in the company’s impressive revenue growth and overall financial success. Ikenga reiterated Transcorp Power’s commitment to creating sustainable value for its shareholders and contributing to the nation’s power supply. The company is confident in sustaining its growth momentum throughout the second half of 2025, driven by its mission to power Nigeria and contribute to the broader electrification of Africa.
In summary, Transcorp Power Plc’s impressive first-half 2025 results demonstrate the company’s strategic vision, operational excellence, and commitment to shareholder value. The significant growth in revenue, profitability, and dividend payouts underlines the company’s strong financial position and its ability to capitalize on opportunities in Nigeria’s power sector. The company’s continued investments in infrastructure, coupled with its efficient cost management and operational resilience, position it for sustained growth and success in the future, contributing to the nation’s energy security and broader economic development.
