Transcorp Power Approves ₦41.2bn Dividend For Shareholders
Transcorp Power Transcorp Power Plc has approved a N41.2 billion dividend for shareholders as disclosed at its 13th Annual General Meeting held in Abuja. Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672569656851-0"); }); The total payout comprises an interim dividend of N11 billion, representing N1.50 per share paid in August 2025, and a final dividend of N30 billion, equivalent to N4 per share. The company reported revenue of N398.27 billion for 2025, up from N305.94 billion recorded in the 2024 financial year, and shareholders also approved the audited financial statements for the year ended December 31, 2025. Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the performance was driven by capacity expansion, including the commissioning of an additional 100 megawatts, which increased available capacity. He added that the company also reduced its loan obligations during the year, strengthening its financial position. Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672569913499-0"); }); READ ALSO: Naira To Dollar Exchange Rate Today April 28 2026 While reflecting on the result, Managing Director/Chief Executive Officer, Peter Ikenga, said it sustained operational performance despite transmission constraints. He noted that efforts are ongoing to improve power evacuation and strengthen transmission infrastructure. Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672587799169-0"); }); Some shareholders, however, raised concerns over vandalism of grid infrastructure and called for stronger protection of critical assets. Join Our Whatsapp Channel To join: Simply click on the link below & turn on notifications to get the latest updates Subscribe to Our Newsletter In This Article: Dividend Markets shareholders Transcorp Power More Stories Geregu Power To Pay ₦9 Dividend Worth ₦22.5bn NDIC Announces ₦24.3bn Second Liquidation Dividend For Heritage Bank Depositors Dangote Cement Shareholders Approve ₦30 Dividend Payout /* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * / var disqus_shortname = 'channelstelevision'; // Required - Replace example with your forum shortname / * * DON'T EDIT BELOW THIS LINE * * */ (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })(); Please enable JavaScript to view the comments powered by Disqus.