Transcorp Power Plc has triumphantly announced a substantial 23.3 percent increase in its profit before tax (PBT), reaching an impressive N77.6 billion in the first half of 2025 (H1’25), up from N62.9 billion during the corresponding timeframe in 2024 (H1’24).
This noteworthy disclosure was made in its unaudited financial statements released yesterday.
The company attributed its profitability surge to a remarkable 52 percent year-on-year (YoY) leap in revenue, escalating to N205.8 billion from N135.4 billion in H1’24.
As a result, profit after tax (PAT) ascended by 15% PBT, hitting N58.7 billion in H1’25, a rise from N51 billion in H1’24.
The Company announced it would reward its shareholders with an interim dividend of N11,250,000,000, which translates to N1.50 for every 50 kobo ordinary share, pending applicable withholding tax.
Emmanuel Nnorom, Chairman of Transcorp Power Plc, remarked: “Our robust performance in the first half of 2025 underscores our unwavering cost management, operational efficiency, and resilience in the face of economic challenges. This solid groundwork further bolsters investor confidence in our enduring value and growth prospects.”
Peter Ikenga, the Managing Director/Chief Executive Officer of Transcorp Power Plc, stated: “Our H1’25 performance exemplifies the benefits of our persistent investments in our plant. We have augmented generation by 100MW compared to the same period last year, and we remain steadfast in our commitment to generating sustainable value for our shareholders and society. Transcorp Power is optimistic about maintaining its growth trajectory into the latter half of 2025, while we work diligently to power Nigeria and Africa.”
