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Transcorp Power declares N41.25 billion dividend for 2025 financial year
via Punch Nigeria3 min read
Transcorp Power Plc has declared a total dividend of N41.25 billion for the 2025 financial year, following improved earnings driven by higher generation output and operational efficiency. The Chairman of the Board of Directors, Emmanuel Nnorom, announced this at the company鈥檚 13th Annual General Meeting in Abuja, stating the payout reflects a commitment to shareholder value. The dividend comprises an interim dividend of N1.50 per share and a final dividend of N4.00 per share, totaling N5.50 per share. Nnorom highlighted the company's resilient performance in 2025 despite macroeconomic and sectoral pressures, with revenue rising from N305.9 billion in 2024 to N398 billion in 2025, and profit after tax increasing by 14.25 percent to N91.4 billion from N80 billion. He attributed this to stronger generation capacity and disciplined cost management amid challenges like elevated inflation and rising operating costs. The Managing Director/Chief Executive Officer, Peter Ikenga, noted the company consolidated its growth trajectory despite operational headwinds, including grid constraints, and increased available capacity from 505MW to 625MW. He also mentioned strengthening gas supply and advancing discussions to diversify fuel sources. Ikenga pointed to persistent challenges in the power sector, such as transmission constraints, but affirmed the company maintained stable electricity supply. Transcorp Power recorded gains from in-house execution and reduced downtime through lean operat
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