Here’s a summary of the provided text, focusing on the key financial and operational highlights of Transcorp Power Plc:
Transcorp Power Plc Reports Strong H1 2025 Financial Performance
Transcorp Power Plc has announced a robust financial performance for the first half of 2025, demonstrating significant growth and resilience despite challenging economic conditions in Nigeria.The company’s success is attributed to increased generation capacity, operational efficiency, and effective cost-cutting measures.
Key Financial Highlights:
Revenue: while the exact revenue figure for H1 2025 isn’t explicitly stated in the provided text, the context implies a considerable increase compared to the previous year.
Gross Profit: Rose to N77.6 billion from N62.9 billion in H1 2024, a 23% increase.
Gross Margin: Achieved a 23% gross margin. Profit before Tax: Increased to N58.7 billion from N51.0 billion in the previous year.
Interim dividend: Declared an interim dividend of N11.25 billion, equivalent to N1.50 per 50 kobo share, reflecting healthy cash flow and commitment to shareholder rewards.
Operational Achievements:
Generation Capacity: added 100 megawatts (MW) to its generation output compared to the same period in 2024.
Strategic Focus: The company’s strategy centers on capacity expansion, plant reliability, and stakeholder engagement, aligning with the federal government’s energy security goals.
Future Outlook: Transcorp Power aims to sustain its growth in the second half of 2025 and expand its role in powering not only Nigeria but also the African continent.
Leadership Commentary:
Chairman Emmanuel Nnorom highlighted disciplined cost management, efficient operations, and resilience as key drivers of the strong performance, reinforcing investor confidence.
Managing Director and CEO Peter Ikenga emphasized the positive impact of infrastructure investments and the company’s commitment to creating sustainable value for shareholders and the nation.
Transcorp Power’s performance underscores the growing role of private investment in Nigeria’s electricity sector, providing crucial generation support to the national grid and contributing substantially to national progress and economic transformation.