Transcorp Power shareholders get N41.2bn dividend
Shareholders of Transcorp Power Plc have received a total dividend payout of N41.2 billion following the company’s 13th Annual General Meeting. The 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 announcement was made at […]
Shareholders of Transcorp Power Plc have received a total dividend payout of N41.2 billion following the company’s 13th Annual General Meeting.
The 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 announcement was made at the AGM held at the Congress Hall of Transcorp Hilton Abuja, where shareholders also approved the company’s audited financial statements for the year ended December 31, 2025.
During the period under review, Transcorp Power reported strong financial performance, with revenue rising to N398.27 billion from N305.94 billion recorded in 2024, reflecting significant growth driven by increased generation capacity.
Chairman of the company, Emmanuel Nnorom, said the performance was driven by strategic investments and operational efficiency, including the addition of 100MW capacity through the commissioning of a new turbine.
He said, “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.”
“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 550M, a milestone that meaningfully strengthened our generation profile. 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.”
The Managing Director/Chief Executive Officer, Peter Ikenga, noted that despite challenges with transmission infrastructure, the company maintained strong operational performance and remained focused on sustaining growth and delivering value to shareholders.
“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.
Notwithstanding the network transmission line issues, our FY 2025 performance remained strong and reflects our steadfast commitment to operational excellence and sustainable growth,” he added.
Some shareholders commended the board and management for the company’s resilience and performance, while others raised concerns about the continued threat of vandalism to power infrastructure, urging stronger protection of national assets.
Transcorp Power Plc is a subsidiary of Transnational Corporation Plc, with core investments in power, hospitality, and energy, and plays a key role in Nigeria’s electricity generation sector.