Transcorp Power Plc has announced a total dividend of N41.2 billion to its shareholders following the approval of its 2025 financial results at the 13th Annual General Meeting (AGM). The dividend comprises an interim payout of N11 billion, or N1.50 per share, paid in August 2025, and a final dividend of N30 billion, equivalent to N4.00 per share.
AGM Highlights and Financial Performance
The AGM, held at the Congress Hall of Transcorp Hilton Abuja, saw shareholders approve the company's audited financial statements for the year ended December 31, 2025. The power generation firm recorded a revenue of N398.27 billion in 2025, a significant increase from N305.94 billion in the previous year.
Chairman Emmanuel Nnorom attributed the growth to strategic investments and expanded generation capacity. He noted that the commissioning of the GT20 turbine added 100 megawatts to output, raising average available capacity from 417MW to 550MW. The company also reduced its loan obligations by about N7 billion during the year, strengthening its financial position.
“We remain dedicated to improving lives and transforming Africa, ensuring operational excellence and making strategic investments that deliver sustainable value,” Nnorom said.
Management Insights and Sector Challenges
Managing Director and Chief Executive Officer Peter Ikenga stated that the results reflect sustained operational discipline and growth strategy, despite challenges in the power sector. He pointed to ongoing issues with transmission infrastructure, which continue to affect electricity evacuation from generation plants.
“Notwithstanding transmission line constraints, our performance remained strong and reflects our commitment to operational excellence and sustainable growth,” Ikenga said. He added that the company is working with stakeholders to strengthen transmission networks and improve output delivery in 2026 and beyond.
Shareholder Reactions and Concerns
Shareholders praised the board and management for delivering consistent returns, describing the company's performance as resilient within a challenging operating environment. One shareholder, Patrick Ajudua, said the company had demonstrated strength relative to other generation firms, while another investor, Mrs Bakare Adeyinka, expressed confidence in its leadership.
However, concerns were raised over the persistent vandalisation of critical electricity infrastructure, with calls for coordinated action by government agencies, communities, and stakeholders to protect national assets.
Like many generation companies, Transcorp Power continues to grapple with gas supply constraints and limitations in transmission capacity, issues that have long affected Nigeria's electricity value chain. Despite these headwinds, the company's dividend declaration and revenue growth signal continued investor confidence and underline its position within the Transnational Corporation Plc portfolio.
