Transcorp Power's 2025 profits surge 14% as revenue hits ₦398B
Transcorp Power Plc has reported strong financial growth for the 2025 fiscal year. The company's revenue climbed by 30%, reaching ₦398.27 billion, while profit after tax rose 14% to ₦91.42 billion. Shareholders are set to benefit from a proposed dividend of ₦5.50 per share.
The company's improved performance stems from higher generation capacity and better operational efficiency. Average available capacity increased from 417MW to 550MW, helping drive gross profit up by 14% to ₦162.44 billion. Equity also surged 44%, hitting ₦183.40 billion, while total assets grew 42% to ₦563.48 billion.
Between 2021 and 2026, Transcorp Power's overall capacity fluctuated between 3,050MW and 3,500MW. This variation was influenced by maintenance shutdowns, gas supply issues, and debottlenecking projects at its Ughelli and Calabar plants. Nigeria's broader energy challenges—including gas shortages, National Integrated Power Project (NIPP) initiatives, and regulatory reforms—also played a role in shaping the company's output.
The firm has reduced its borrowings from ₦37.7 billion to ₦30.7 billion, reflecting a stronger financial position. Looking ahead, Transcorp Power aims to improve transmission evacuation, support Nigeria's energy transition, and sustain long-term value for shareholders.
Transcorp Power's 2025 results highlight growth in revenue, profit, and capacity. The company's financial health has strengthened, with lower debt and higher equity. Shareholders will now consider the proposed ₦5.50 dividend as the firm continues expanding its operations.
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