Transcorp Power Plc (NGX: TRANSPOWER) has reported its unaudited financial results for the six months ended June 30, 2026, navigating significant operational hurdles caused by recurring transmission infrastructure vandalism.

The company posted a revenue of ₦181.97 billion, down from ₦205.81 billion in H1 2025, with Profit Before Tax reaching ₦54.99 billion compared to ₦58.73 billion in the previous year. Despite these declines, Transcorp Power demonstrated balance sheet strength, with total assets growing by 9.9% to ₦619.02 billion and shareholders’ funds rising to ₦189.34 billion.

Management highlighted improved efficiency, noting an expansion in gross margin to 38.4% from 34.7% in H1 2025, driven by cost optimization and disciplined financial management. The leadership remains optimistic about recovering lost ground in the second half of the year.