Transcorp Power Plc has declared a total dividend of N41.25bn for the 2025 financial year, following improved earnings driven by higher generation output and operational efficiency gains across its power assets.
The announcement was made on Monday at the company’s 13th Annual General Meeting in Abuja by the Chairman of the Board of Directors, Emmanuel Nnorom, who said the payout underscores the firm’s commitment to delivering consistent value to shareholders.
Nnorom disclosed that the board recommended a total dividend of N5.50 per share, comprising an interim dividend of N1.50 and a final dividend of N4.00, amounting to N41.25bn for approval at the AGM.
According to him, the company recorded strong financial performance in 2025 despite macroeconomic and sectoral challenges, including inflationary pressures, tight monetary conditions, and rising operating costs.
He said revenue rose to N398bn in 2025 from N305.9bn in the previous year, while profit after tax increased by 14.25 per cent to N91.4bn, compared with N80bn recorded in 2024.
“Despite these global challenges, Transcorp Power demonstrated resilience through proactive cost management and strategic sourcing, ensuring uninterrupted operations and sustained value creation for our stakeholders,” Nnorom said.
He also noted that ongoing reforms in the Nigerian Electricity Supply Industry, including the Federal Government’s N4tn Presidential Power Sector Debt Reduction Plan, are expected to improve liquidity and restore investor confidence in the sector.
The Managing Director and Chief Executive Officer, Peter Ikenga, said the company sustained its growth trajectory in 2025 despite operational constraints such as grid limitations and infrastructure gaps.
He said improved plant performance and fuel efficiency contributed significantly to higher generation and revenue growth, with available capacity increasing from 505MW to 625MW during the year.
“Increased energy generation was driven by improved operational run time and optimised fuel usage. These gains contributed to stronger revenue performance and supported sustained margin resilience,” Ikenga said.
He added that the company strengthened its gas supply position by securing additional volumes and advancing efforts to diversify fuel sources.
However, Ikenga highlighted persistent challenges in the power sector, including transmission constraints and failures on key 330kV lines, which he said underscored the need for stronger grid infrastructure.
Despite these issues, he said the company maintained stable electricity supply and supported the national grid while achieving operational efficiencies through in-house execution of previously outsourced functions and reduced downtime.
Ikenga also revealed that Transcorp Power recorded over 1.14 million man-hours without a lost time injury, reflecting its strong safety culture.
The company’s financial position showed total assets of N468bn, equity of N183bn, and liabilities of N380bn as of the end of 2025.
Looking ahead, the board and management expressed optimism about the company’s growth prospects, citing expected macroeconomic stability and ongoing reforms in the power sector.
They noted that initiatives such as the proposed Grid Asset Management Company and plans to expand national grid capacity to 8,500MW could improve electricity evacuation and system reliability.
Ikenga said the company would focus on expanding generation capacity, improving fuel security, strengthening working capital management, and growing regional electricity sales within the West African Power Pool.
Transcorp Power also reaffirmed its commitment to environmental, social, and governance standards, as well as continued investment in host communities through infrastructure and empowerment programmes.