Transcorp Power H1 2026 Results: Revenue, Profit & Margins
Transcorp Power Plc filed its unaudited financial results for the six months ended June 30, 2026, reporting a decline in revenue and profit before tax compared with H1 2025. The filing discloses key income statement and balance sheet figures alongside management commentary on operational challenges.
Transcorp Power Plc (NGX: TRANSPOWER) has released its unaudited half-year financial results for the period ended June 30, 2026. The company recorded revenue of ₦181.97 billion, down from ₦205.81 billion in H1 2025, while Profit Before Tax declined to ₦54.99 billion from ₦58.73 billion over the same period. Profit After Tax stood at ₦38.50 billion.
Despite the top-line decline, the company reported margin improvements across key metrics. Gross margin expanded to 38.4% from 34.7% in H1 2025, operating margin rose to 30.6% from 28.5%, and Profit Before Tax margin increased to 30.2% from 28.5%.
On the balance sheet, total assets grew 9.9% to ₦619.02 billion from ₦563.48 billion at FY 2025, driven largely by increases in receivables and borrowings. Shareholders' funds rose 3.2% to ₦189.34 billion, while retained earnings increased 6.4% to ₦140.90 billion.
Management attributed the revenue and output constraints to recurring transmission line vandalism, which the company stated materially limited its ability to evacuate available generation capacity during the period.
