Transcorp Power Plc Declares ₦1.50 Interim Dividend Following H1 2025 Board Approval

Transcorp Power Plc has announced the approval of its unaudited financial statements for the half year ended June 30, 2025, alongside the declaration of an interim dividend of ₦1.50 for every 50 kobo ordinary share.

The decision was reached at the company’s Board of Directors meeting held on Friday, July 25, 2025, via Zoom from its Lagos office.

According to the company, the interim dividend reflects its commitment to delivering value to shareholders while sustaining growth in Nigeria’s power sector.

The declaration follows a strong financial performance for the period with the company recently reporting a profit after tax of ₦44.05 billion and revenue of ₦205.81 billion for H1 2025.

The Board also confirmed that the closed period for trading in the company’s shares by insiders, which commenced on July 1, 2025, remains in effect until 24 hours after the filing of the unaudited results with the Nigerian Exchange.

Board of Directors

The Board is chaired by Emmanuel Nnorom, with Peter Ikenga serving as Managing Director/Chief Executive Officer.

Other members include Dr. Owen D. Omogiafo, OON, Adim Jibunoh, Charles Odita (Independent Director), Faith Tuedor-Matthews, OFR (Independent Director), Vincent Ozoude, and Christopher Ezeafulukwe.

Dividend Implication

With the interim dividend approved, shareholders on the company’s register will receive ₦1.50 per 50 kobo ordinary share, subject to withholding tax.

The payout underscores Transcorp Power Plc’s robust earnings capacity and its focus on consistent shareholder returns amid Nigeria’s evolving electricity market.