Transcorp Power Profit Rises by 14%, Board Hikes Dividend

Transcorp Power Profit Rises by 14%, Board Hikes Dividend

Transcorp Power grew profit after tax by 14% year-on-year to N 91,417 billion at the end of the financial year 2025, details obtained from its audited financial statements revealed.

Due to its double-digit earnings surge, the board proposed a full-year dividend of ₦5.50 per share for 2025, 10% increase from the amount paid in 2024. The profit distribution comprises an interim dividend of ₦1.50, paid on, and a final dividend of ₦4.00.

Details from its audited figures indicated that the power-generating company builds its impressive earnings results on significant year-on-year growth in revenue, bolstered by local and cross-border energy sales.

Transcorp Power revenue edged higher to N398.268 billion in 2025, representing 30% year on year increase from N305.943 billion in the equivalent period in 2024.

 The company’s revenue surge was underpinned by an increase in international energy sales, which jumped from N54.68 billion in 2024 to over N117.05 billion in 2025.  Locally generated power sold into the energy market settled at N281.22 billion in 2025, amidst growing rivalry in the industry.

However, costs spiked significantly, putting pressure on gross margin. Transcorp Power’s cost of sales increased by 32% year on year to N216.4 billion from N163.733 billion in 2024.  The company delivered ₦181.862 billion as gross profit, an increase of 28% from ₦142.209 billion posted in 2024.

Operating profit surged by 10% year on year to N125.050 billion on the back of a significant increase in impairment loss on financial assets and property, plant and equipment.

Transcorp Power pretax profit came moderate at 6% year on year, settling at N120.017 billion in 2025 from N113.287 billion in the financial year 2024.

A 14% year on year moderation in tax expenses strengthened the company’s bottom line -leaving the net income at N91.417 billion in 2025.

Total assets expanded by 42 per cent to ₦563.48 billion from ₦396.78 billion, and shareholders’ equity increased by 44 per cent to ₦183.40 billion from ₦126.63 billion. Borrowings were reduced to ₦30.7 billion from ₦37.7 billion, reflecting a deliberate effort to strengthen the balance sheet.