July 28, (THEWILL) — Transcorp Power Plc (“Transcorp Power” or “the Company”) (NGX: TRANSPOWER), a key power subsidiary of Nigeria’s leading conglomerate, Transnational Corporation Plc (“Transcorp Group”), has announced impressive financial results for the half-year ended June 30, 2025.
According to the unaudited financial statements released on Monday, the company recorded a revenue of ₦205.8 billion in H1 2025, representing a 52% increase from ₦135.4 billion in the corresponding period of 2024.
Gross profit rose to ₦77.6 billion, up from ₦62.9 billion in H1 2024, reflecting a 23% gross margin. Profit Before Tax (PBT) also increased by 15% year-on-year to ₦58.7 billion, compared to ₦51.0 billion in H1 2024—underscoring sustained operational efficiency.
In line with its commitment to delivering shareholder value, Transcorp Power declared an interim dividend of ₦11.25 billion, equivalent to ₦1.50 per 50 kobo ordinary share, subject to applicable withholding tax.
The strong H1 2025 performance was attributed to enhanced generation capacity and operational efficiency, driven by continued investments in infrastructure and service delivery.
Despite macroeconomic challenges such as inflation and foreign exchange volatility, the company maintained profitability through effective pricing strategies and tight cost controls.
Chairman of Transcorp Power Plc, Emmanuel Nnorom, said, “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.”
Managing Director/CEO, Peter Ikenga, added, “Our H1 2025 performance reflects the gains from ongoing investments 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 powering progress across Nigeria and Africa.”
Transcorp Power Plc is one of Nigeria’s foremost electricity-generating companies and a key subsidiary of Transcorp Group, with strategic investments in the power, hospitality, and energy sectors.
The company is committed to powering the nation, driving inclusive growth, and improving lives through access to reliable electricity.
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