Transcorp Power Plc has declared a total dividend of N41.25 billion to its shareholders for the 2025 financial year, reflecting strong performance and sustained growth in its operations. The announcement was made at the company's 13th yearly general meeting (AGM) held at the Congress Hall of Transcorp Hilton Abuja, where shareholders also approved the audited financial statements for the year ended December 31, 2025.
Dividend Details
The total dividend comprises an interim payment of N11 billion, representing N1.50 per share paid in August 2025, and a final dividend of N30 billion, equivalent to N4.00 per share. The company's audited results showed revenue rose to N398.27 billion in 2025 from N305.94 billion recorded in the 2024 financial year, highlighting significant growth during the period.
Chairman's Remarks
Chairman of the company, Emmanuel Nnorom, said the performance reflects a deliberate focus on operational efficiency and long-term value creation. Nnorom stated, "We remain dedicated to improving lives and transforming Africa, ensuring operational excellence and making strategic investments that deliver sustainable, long-term value to our shareholders, while also powering Nigeria's socio-economic development."
He attributed the revenue growth to a targeted expansion strategy, noting that the commissioning of GT20 added 100 megawatts to the company's output, increasing average available capacity from 417MW to 550MW. "Our revenue growth in 2025 was underpinned by a deliberate capacity expansion strategy. The commissioning of GT20 added 100MW to our output, lifting our average available capacity from 417MW to 550MW, a milestone that meaningfully strengthened our generation profile," Nnorom explained.
He added that the company reduced its loan obligations by about N7 billion during the year, strengthening its financial position. "We reduced our loan obligations by approximately N7 billion during the year, which directly enhanced our bottom line and reinforces our commitment to a stronger, leaner financial position," he said.
CEO's Perspective
Managing Director and Chief Executive Officer, Peter Ikenga, said the results demonstrate resilience despite operational challenges. "The FY 2025 results reflect our steadfast commitment to operational excellence, sustainable growth, strategic market expansion and enhanced generation capacity, which continue to fuel significant revenue growth," he said.
Ikenga noted that transmission constraints remained a challenge but did not derail performance. He explained: "Notwithstanding the network transmission line issues, our FY 2025 performance remained strong and reflects our steadfast commitment to operational excellence and sustainable growth."
The CEO expressed optimism about future performance and assured shareholders of continued value delivery. "Our confidence in the future trajectory to deliver exceptional value to our shareholders remains unwavering. We thank our shareholders for their immense support, as we continue to work with relevant stakeholders to strengthen the transmission lines and improve evacuation from our plant in 2026 and beyond."
Shareholder Reactions
Shareholders commended the company's board and management for the performance, with Patrick Ajudua describing the company as resilient and competitive within the power sector. "Transcorp Power has shown power and resilience, demonstrating its superiority over other generation companies in Nigeria," he said.
