Transcorp Power, a Nigerian electricity provider, has announced a significant increase in its net profit for 2025, driven by a rise in energy delivery and capacity charge revenues. The company also declared a dividend of N3.5 per share.
Transcorp Power , a Nigeria n electricity provider , has announced a significant surge in its net profit for 2025. The company, which listed on the Nigeria n Stock Exchange ten months ago, reported a 164.7 percent increase in net profit , driven primarily by a substantial rise in revenue from energy delivery and capacity charges. These two income streams more than doubled during the year, accounting for 99.99 percent of Transcorp Power 's total revenue of N305.9 billion.
Chief Executive Officer Peter Ikenga attributed the company's success to its commitment to delivering value since its public listing. The company's pre-tax profit jumped to N113 billion from N52.8 billion in 2023, while profit after tax accelerated to N80 billion from N30.2 billion during the same period. Transcorp Power has also announced a dividend of N3.5 per share for every share held as of February 11th, bringing the total dividend payout to N5 per share. This includes a previously paid interim dividend of N1.50 per share. The company's potential dividend payout for the year is estimated at N37.5 billion, contingent upon shareholder approval at the forthcoming annual general meeting scheduled for February. Despite the impressive financial performance, Transcorp Power also reported a threefold surge in impairment loss on financial assets, which climbed to N8.1 billion, an increase of 282.6 percent. Furthermore, the company's administrative costs escalated by 131.9 percent due to an increase in management fees to N9.6 billion from N4.4 billion. Transcorp Power's total installed capacity stands at roughly 2000 MW, comprising the 972 MW gas-fired Ughelli Power Plant and the 966 MW gas-fired Afam Power Plant
Transcorp Power Net Profit Dividend Electricity Provider Nigeria
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