By Emmanuel Akinmola
Transcorp Power Plc has recorded a landmark performance for the 2025 financial year, posting a profit of N120 billion and announcing a dividend of N4 per share, underscoring strong operational efficiency and improved power sector fundamentals.
The power generation company, one of Nigeria’s largest, said the result reflects sustained growth in electricity output, improved collection efficiency, and disciplined cost management amid a challenging macroeconomic environment.
The board’s decision to pay a N4 dividend signals confidence in the company’s cash flow position and long-term earnings outlook, even as the power sector continues to grapple with liquidity constraints and infrastructure gaps.
Industry analysts note that Transcorp Power’s performance highlights the growing gap between well-capitalised generation companies and weaker operators struggling with gas supply constraints, transmission bottlenecks, and payment delays within the electricity value chain.
The company’s strong profit performance also comes amid renewed investor interest in Nigeria’s power sector, driven by recent tariff reforms and the Federal Government’s efforts to improve market liquidity and attract private capital.
With the dividend declaration, Transcorp Power joins a small group of power firms delivering consistent shareholder returns, reinforcing its position as a key beneficiary of ongoing reforms in the electricity market.
Shareholders are expected to receive the dividend, subject to regulatory approval and compliance with applicable distribution requirements.
Market watchers say the company’s 2025 performance could further strengthen confidence in listed power assets, particularly as investors seek stable income-generating stocks in an environment of elevated inflation and volatile interest rates.
