Transcorp Power Plc Reports ₦44.05 Billion Profit in H1 2025 as Revenue Jumps 52%

Transcorp Power Plc has reported a profit after tax of ₦44.05 billion for the half year ended June 30, 2025, representing a 19.7% increase from ₦36.78 billion recorded in the corresponding period of 2024, according to the company’s unaudited interim financial statements obtained by Investors King.

Revenue rose 51.9% year-on-year to ₦205.81 billion in H1 2025, compared to ₦135.44 billion in H1 2024, driven by improved generation output and stronger demand across Nigeria’s electricity market.

Gross profit stood at ₦77.62 billion, up from ₦62.98 billion in the same period last year.

Operating Performance

Operating profit grew 15.3% to ₦59.07 billion from ₦51.20 billion a year earlier. The performance was supported by other gains of ₦2.62 billion, up from ₦1.10 billion in H1 2024, and finance income of ₦3.45 billion compared to ₦2.66 billion in the prior year.

Administrative expenses increased by 67.5% to ₦14.75 billion from ₦8.81 billion, reflecting higher operating costs and inflationary pressures in the power sector.

Impairment charges on financial assets also rose to ₦3.80 billion from ₦2.99 billion in the previous year.

Finance Costs and Profitability

Finance costs climbed 61% to ₦6.41 billion from ₦3.98 billion in H1 2024, largely due to higher interest expenses

Despite this, profit before tax increased 15.2% year-on-year to ₦58.73 billion, compared with ₦50.97 billion in H1 2024.

After an income tax expense of ₦14.68 billion, profit after tax closed at ₦44.05 billion, compared with ₦36.78 billion reported in the same period last year.

Shareholder Returns

Earnings per share rose significantly to ₦5.87 from ₦4.00 in H1 2024, underscoring stronger value creation for investors.

Key Highlights (H1 2025 vs H1 2024)

• Revenue: ₦205.81 billion vs ₦135.44 billion (+51.9%)

• Gross Profit: ₦77.62 billion vs ₦62.98 billion (+23.2%)

• Operating Profit: ₦59.07 billion vs ₦51.20 billion (+15.3%)

• Profit Before Tax: ₦58.73 billion vs ₦50.97 billion (+15.2%)

• Profit After Tax: ₦44.05 billion vs ₦36.78 billion (+19.7%)

• Earnings Per Share: ₦5.87 vs ₦4.00 (+46.8%)

Outlook

The results affirm Transcorp Power Plc’s growing role in Nigeria’s electricity sector and highlight the company’s resilience despite high operational costs and financing pressures. With rising demand for electricity and ongoing investments in capacity and efficiency, the company remains well-positioned to deliver sustained growth in the second half of 2025.