TRANSCORP POWER DELIGHTS SHAREHOLDERS WITH ₦41.2BN DIVIDEND AT 13TH AGM







UGHELLI, NIGERIA – 27 April, 2026

Transcorp Power Plc (“Transcorp Power or the “Company”), (NGX: TRANSPOWER), one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), has announced a ₦41.25 billion total dividend to its shareholders at the 13th Annual General Meeting held at the Congress Hall, Transcorp Hilton Abuja.

The total dividend consists of an interim dividend of ₦11 billion, representing ₦1.50 per share, which was paid in August 2025, together with a final dividend of ₦30 billion, equivalent to ₦4.00 per share.

At the AGM, shareholders approved the Audited Financial Statements for the year ended December 31, 2025. The GENCO, in its audited financial results for the year ended December 31, 2025, recorded revenue of ₦398.27 billion for the period, up from ₦305.94 billion in FY 2024, indicating robust growth.

Board Chairman’s Statement  
Mr. Emmanuel Nnorom, Chairman, Transcorp Power Plc:  
_"We remain dedicated to improving lives and transforming Africa, ensuring operational excellence and making strategic investments that deliver sustainable, long-term value to our shareholders, while also powering Nigeria's socioeconomic development."_

_“Our revenue growth in 2025 was underpinned by a deliberate capacity expansion strategy. The commissioning of GT20 added 100MW to our output, lifting our average available capacity from 417MW to 550MW — a milestone that meaningfully strengthened our generation profile. We reduced our loan obligations by approximately ₦7 billion during the year, which directly enhanced our bottom line and reinforces our commitment to a stronger, leaner financial position.”_

MD/CEO’s Statement 
Peter Ikenga, MD/CEO, Transcorp Power Plc:  
_“The FY 2025 results reflect our steadfast commitment to operational excellence, sustainable growth, strategic market expansion, and enhanced generation capacity, which continue to fuel significant revenue growth. Notwithstanding the network transmission line issues, our FY 2025 performance remained strong and reflects our steadfast commitment to operational excellence and sustainable growth. Our confidence in the future trajectory to deliver exceptional value to our shareholders remains unwavering. We thank our shareholders for their immense support, as we continue to work with relevant stakeholders to strengthen transmission lines and improve evacuation from our plant in 2026 and beyond.”_

Commending the Transcorp Power Board and Management, one of the company’s shareholders, Mr. Patrick Ajudua, said: _“Transcorp Power has shown power and resilience, demonstrating its superiority over other generation companies in Nigeria.”_

Similarly, Mrs. Bakare Adeyinka, another shareholder, expressed her confidence in the management and staff of Transcorp Power: _“We are confident that the Board and Management led by Mr. Nnorom will continue to perform. We are proud to be part of Transcorp Power Plc.”_

Several shareholders raised concerns over the persistent threat of vandalism to grid infrastructure, calling on community leaders, relevant stakeholders, and government agencies to take collective and urgent action to protect critical national assets.

About Transcorp Power Plc
Transcorp Power Plc is one of Nigeria’s principal power generation companies and an electricity-generating subsidiary of Transnational Corporation Plc (“Transcorp Group”), Nigeria’s leading listed conglomerate, with strategic investments in the power, hospitality, and energy sectors. Transcorp Power is committed to creating value, driving economic growth, and ensuring social good through access to electricity supply.  
http://www.transcorppower.com

Comments

Post a Comment

Popular posts from this blog

Corruption, Fraud, Impunity Rock Kaduna State House of Assembly, Over N5 Billion Budget For Legislators

Image
' Referring the allegations to the EFCC and ICPC for investigation and prosecution would improve public trust in the ability of the leadership of the kaduna state Assembly to ensure accountability'........ The Kaduna State House of Assembly under the leadership of Hon. Yusuf Dahiru Liman, allegedly Budgets N5.3Billion For the kaduna Lawmakers’ Vehicles, Residences which is more than the Constituency Projects. Also, the sum of N1.5 billion was allegedly budgeted for the construction of the Speaker and the Deputy Speaker’s residences. Media review of the Kaduna 2025 approved budget has shown that the State House of Assembly plans to spend more on constructing the Speaker’s and Deputy Speaker’s residences and on the purchase of 36 vehicles for lawmakers than what is earmarked for constituency projects. According to the budget document, a sum of N3.8 billion is budgeted for the purchase of 36 Toyota Camry XLE Hybrid vehicles in the 2025 approved budget. Already, N1.5 bi...
Read more

GOVERNOR'S AXE TO FALL: KADUNA CABINET RESHUFFLE IMMINENT AS INCOMPETENCE TAKES CENTER STAGE

Image
A major shake-up is brewing in Kaduna State's government, with Governor Uba Sani poised to sack two top commissioners accused of incompetence and poor performance. Hon. Sadiq Mamman Lagos (Local Government and Chieftancy Affairs) and Hon. Ahmed Maiyaki (Information) are reportedly on the chopping block, facing allegations of ineptitude and neglect of duty. Sources indicate that Maiyaki, a former KSMC boss, has been criticized for his inaccessibility to journalists, ignoring calls and messages, and favoring select media outlets. Lagos, on the other hand, is accused of arrogance, intimidation, and disrespect to elders and elites, allegedly driving some APC members to defect. The governor is under pressure to act, with critics warning that the duo's continued presence in the cabinet could jeopardize APC's chances in the 2027 elections. Others may also face portfolio changes as Sani seeks to revamp his administration and deliver on campaign promises. As whispers of ...
Read more

Driving Schools Unite Under DSAN-Kano in Kano State. 

Image
Press Release  Driving Schools Unite Under DSAN-Kano in Kano State.  A significant milestone was achieved in the driving school sector in Kano State with the unanimous adoption of the Driving School Association of Nigeria (DSAN) - Kano.  This development follows a meeting of all proprietors of driving schools in the state, convened at Sayyara Driving School.The meeting, which took place on 10th August, 2025 at 2:00 pm, saw the participation of proprietors who collectively agreed to migrate their membership from different associations to DSAN.  This move is aimed at enhancing collaboration, standardizing driving instruction, and promoting road safety in the state.During the meeting, a new management team was elected to lead the association and oversee its activities. This team is tasked with ensuring that the association's objectives are met, and that the driving schools in Kano State operate in accordance with the highest standards. The Driving School Ass...
Read more