Transcorp Power shareholders approve ₦41.25bn dividend after profit growth

Shareholders of Transcorp Power Plc have approved a total dividend payout of ₦41.25 billion for the 2025 financial year, following a year of strong revenue and profit growth.

The approval was granted at the company’s Annual General Meeting held in Abuja, with the payout comprising an interim dividend of ₦11 billion already distributed earlier in the year and a final dividend of ₦30 billion.

The dividend decision reflects improved financial performance, as the company’s revenue rose significantly to ₦398.27 billion, up from ₦305.94 billion recorded in the previous year. Profit after tax also climbed by more than 14 percent to ₦91.4 billion, underscoring sustained operational gains.

According to the company’s leadership, the performance was driven by increased generation capacity and improved efficiency across its operations. During the period, Transcorp Power added 100 megawatts to its output, strengthening its contribution to Nigeria’s electricity supply.

At the same time, the company reported a reduction in loan obligations, a move that helped ease financial pressure and boost overall profitability.

However, management noted that persistent challenges in Nigeria’s power transmission network continue to limit full optimisation of generated electricity. Efforts are ongoing, they said, to improve the evacuation of power from generation plants to the national grid.

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While shareholders commended the company’s performance and expressed confidence in its leadership, concerns were raised about the need to better protect power infrastructure from vandalism, an issue that continues to disrupt operations across the sector.

The latest dividend payout positions Transcorp Power among the stronger performers in Nigeria’s power sector, even as structural challenges in transmission and infrastructure remain a key constraint on growth.