Transcorp Power has announced an interim dividend of N1.50 per share, totaling N11.2 billion, despite a 12.6 percent decline in its H1 2026 net profit to N38.50 billion. The company cited recurring transmission line vandalism as a major constraint on its operational capacity, which contributed to a decrease in revenue to N181.97 billion from N205.81 billion in the previous year.

Financial data reveals a strained cash position, with net cash from operating activities shifting from a surplus of N49.38 billion in the prior period to a deficit of N4.22 billion. The company significantly increased its debt profile, drawing N63.63 billion in new borrowings during the half to fund dividend payments and cover operational shortfalls. Shares of Transcorp Power have depreciated by over 20 percent year-to-date, currently trading at N245.50.