Transcorp Power Plc, has announced a ₦41,250,000 total dividend to its shareholders at the 13th Annual General Meeting held at the Congress Hall, Transcorp Hilton Abuja.
The total dividend consists of an interim dividend payment of ₦11billion, representing ₦1.50 kobo per share, which was paid in August 2025, together with a final dividend of ₦30 billion, and equivalent to ₦4.00 per share.
At the AGM, shareholders approved the Audited Financial Statements for the year ended December 31, 2025. The GENCO in its audited financial results for the year ended December 31, 2025, recorded revenue of ₦398.27 billion for the period from ₦305.94 billion in FY 2024, indicating robust growth.
Chairman, Transcorp Power Plc Mr. Emmanuel Nnorom, 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 ₦7 billion during the year, which directly enhanced our bottom line and reinforces our commitment to a stronger, leaner financial position.”
Peter Ikenga, MD/CEO, Transcorp Power Plc noted that “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.
Commending the Transcorp Power Board and Management, one of the company’s shareholders, Mr Patrick Ajudua said, “Transcorp Power has shown power and resilience, demonstrating its superiority over other generation companies in Nigeria.”