Transcorp Power Plc has announced a 30 percent year‑on‑year rise in revenue to N398.27 billion for the financial year ended December 31, 2025, the company said on Friday.

The power generation company reported results showing improved financial and operational performance across key metrics, supported by stronger generation capacity and disciplined management, according to a statement issued by the firm.

Transcorp Power’s audited results for 2025 show:

• Revenue: ₦398.27 billion, up from ₦305.94 billion in 2024.

• Gross profit: ₦162.44 billion, up from ₦142.21 billion.

• Profit after tax: ₦91.42 billion, compared with ₦80.01 billion previously.

• Earnings per share: ₦12.19, up from ₦10.67.

• Total assets: ₦563.48 billion, up from ₦396.78 billion.

• Total equity: ₦183.40 billion, up from ₦126.63 billion.

• Total borrowings: ₦30.7 billion, down from ₦37.7 billion.

The figures reflect a combination of revenue growth and reduced leverage for the company during the period under review.

Transcorp Power said the return of its GT20 generation unit added an extra 100 megawatts to the national grid from January 3, 2025, significantly bolstering overall production capacity. The improved generation output helped expand revenue despite system constraints, the company said.

On the reduction in borrowings, the company noted that more than ₦7 billion was paid down during the year, reinforcing financial discipline and lowering cost pressures.

The Chairman of the Board, Emmanuel Nnorom, said the results reflect a long‑term strategy focused on operational excellence and value creation for shareholders. He added that the company remains committed to contributing to Nigeria’s socioeconomic development.

He also said that the strengthened financial position allowed the board to propose a full‑year dividend of ₦5.50 per share for 2025, consisting of an interim dividend of ₦1.50 already paid and a final dividend of ₦4.00.

The Managing Director and Chief Executive Officer, Peter Ikenga, said the results demonstrate commitment to growth and sustained power generation to the national grid.

He noted that despite challenges related to transmission lines and grid issues, the company maintained strong performance.

He further stated that the firm will work with stakeholders, including the Transmission Company of Nigeria, to improve grid evacuation and strengthen transmission infrastructure.

Nigeria’s power generation sector has faced ongoing challenges linked to infrastructure constraints and grid reliability. Transcorp Power’s increased capacity contribution is part of efforts to stabilise electricity supply and support national economic activity.

The company’s results underscore potential for growth within the power sector as generation capacity expands and financial performance improves.