Transcorp Power Plc has reported a profit of N77.6 billion for the half-year ended June 30, 2025.
The company equally declared an interim dividend of N11.25 billion in its unaudited financial statements filed on the Nigerian Exchange Limited on Monday.
The statement revealed that Transcorp Power Plc’s revenue rose by 52 percent to N205.8 billion in the first half of 2025, compared to N135.4 billion recorded in the corresponding period of 2024.
The growth was attributed to improved generation capacity and enhanced operational efficiency.
According to the report, gross profit stood at N77.6 billion, higher than the N62.9 billion posted in the first half of 2024, while the company’s profit before tax increased by 15 percent to N58.7 billion from N51 billion recorded in the same period last year.
Profit After Tax rose by 15 percent.
PBT rose to N58.7 billion during the period from N51.0 billion in the corresponding part of 2024.
Gross margin for the period was 23 percent.
The company announced an interim dividend of N11.25 billion, representing N1.50 for every 50 kobo ordinary share.
This would be subject to appropriate withholding tax.
This, the company noted, underscores its commitment to rewarding shareholders amid strong earnings and stable growth.
The Chairman Transcorp Power Plc, Emmanuel Nnorom, said in the report: “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.”
In his own comment, the Managing Director/Chief Executive Officer of the firm, Peter Ikenga, said: “Our H1 2025 performance reflects the gains from the continued investment in our plant.
“We increased generation by 100MW, compared with the same period last year, and 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 fulfill our mission to power Nigeria and Africa.”
Transcorp Power Plc is one of Nigeria’s principal power generation companies and an electricity-generating subsidiary of Transnational Corporation Plc, Nigeria’s leading, listed conglomerate, with strategic investments in the power, hospitality, and energy sectors.
Transcorp Power expressed its commitment to creating value, driving economic growth, and ensuring social goods through access to the electricity supply.
