Transcorp Power Plc has announced a total dividend payout of ₦41.2 billion to shareholders following a strong financial performance for the 2025 financial year.
The declaration was approved at the company’s 13th Annual General Meeting (AGM) held at the Congress Hall of Transcorp Hilton Abuja, where shareholders also endorsed the audited financial statements for the year ended December 31, 2025.
The total payout comprises an interim dividend of ₦11 billion, equivalent to ₦1.50 per share paid in August 2025, and a final dividend of ₦30 billion, translating to ₦4.00 per share.
The company reported revenue of ₦398.27 billion in 2025, representing a significant increase from ₦305.94 billion recorded in 2024, underscoring strong year-on-year growth.
Chairman Emmanuel Nnorom attributed the performance to strategic investments and increased generation capacity. He noted that the commissioning of the GT20 turbine added 100 megawatts to output, raising average available capacity from 417MW to 550MW.
Nnorom also disclosed that the company reduced its loan obligations by approximately ₦7 billion during the year, strengthening its overall financial position.
“We remain committed to improving lives and transforming Africa through operational excellence and strategic investments that deliver sustainable value,” he said.
Managing Director and Chief Executive Officer Peter Ikenga said the results reflect disciplined execution of the company’s growth strategy despite ongoing challenges in the power sector.
He highlighted persistent constraints in transmission infrastructure, which continue to limit electricity evacuation from generation plants.
“Despite transmission limitations, our performance remains strong and reflects our focus on operational excellence and sustainable growth,” Ikenga said, adding that the company is working with stakeholders to strengthen transmission networks and improve delivery capacity in 2026 and beyond.
Shareholders at the meeting commended the board and management for delivering consistent returns, describing the company’s performance as resilient in a challenging operating environment.
While acknowledging the progress, investors raised concerns over the continued vandalisation of critical electricity infrastructure and called for coordinated efforts by government agencies, communities, and industry stakeholders to safeguard national assets.
Like many generation companies, Transcorp Power continues to face gas supply constraints and limited transmission capacity—longstanding issues within Nigeria’s electricity value chain.
Despite these challenges, the company’s strong earnings and dividend payout signal sustained investor confidence and reinforce its position within the Transnational Corporation Plc group.
