Transcorp Power Plc, a leading subsidiary of Nigeria’s foremost listed conglomerate, Transnational Corporation Plc has released its unaudited financial results for the third quarter ending September 30, 2025, showcasing robust growth across key indicators.
The company’s revenue surged by 38 percent year-on-year, reaching N308.5 billion in Q3 2025 compared to N223.5 billion during the same period in 2024. This significant increase was driven by higher average power generation, a direct result of Transcorp Power’s strategic investments in expanding generation capacity and enhancing operational efficiency.
Gross profit climbed to N119.7 billion, representing a 24 percent uplift from N96.5 billion in Q3 2024, with a gross margin of 38.8 percent.
Profit before tax saw a notable rise of 12.4 percent, amounting to N91.18 billion compared to N81.12 billion in the previous corresponding quarter. Profit after tax improved by 17 percent, standing at N68.42 billion, up from N58.4 billion in Q3 2024.
Emmanuel Nnorom, Chairman of Transcorp Power Plc, remarked on the company’s resilience and robust performance amid ongoing economic challenges. He emphasized that the results reflect efficient operational strategies and prudent cost management, which have sustained profitability and will strengthen investor confidence in the company’s ability to generate shared value and maintain its growth momentum.
Peter Ikenga, the Managing Director and CEO, attributed the positive results to the company’s continued focus on increasing electricity supply to the national grid while driving operational improvements that eliminate waste and maximize value. He reaffirmed Transcorp Power’s commitment to delivering lasting value to shareholders and stakeholders as it pursues its mission to improve lives and transform the African energy landscape.
As one of Nigeria’s principal power generation companies, Transcorp Power remains dedicated to fueling economic growth and social development through reliable electricity supply. The company continues to build on its strategic position under the Transcorp Group umbrella, contributing significantly to Nigeria’s energy sector.
