By Muhammad Mamman
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has reported impressive unaudited results for the third quarter of 2025, posting a profit before tax of ₦91.2 billion as revenue surged by 38 per cent year-on-year.
The company’s revenue climbed to ₦308.5 billion for the period ended 30 September 2025, compared with ₦223.5 billion in Q3 2024. The growth was attributed to increased average power generation, driven by ongoing investments in capacity expansion and operational efficiency.
Key Financial Highlights:
- Revenue: ₦308.5 billion, up 38% from ₦223.5 billion in Q3 2024.
- Gross Profit: ₦119.7 billion, up 24% from ₦96.5 billion, with a gross margin of 38.8%.
- Profit Before Tax: ₦91.18 billion, up 12.4% from ₦81.12 billion.
- Profit After Tax: ₦68.42 billion, up 17% from ₦58.4 billion in the same period last year.
Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the company’s strong Q3 performance reflected its resilience and ability to sustain profitability despite economic challenges.
“Our third-quarter results, building on the momentum from the first half, demonstrate Transcorp Power’s capacity to deliver value through operational efficiency and prudent cost management,” Nnorom stated. “This consistent performance reinforces investor confidence in our long-term growth strategy.”
Managing Director and Chief Executive Officer, Peter Ikenga, added that the company’s focus on efficiency and value creation continues to yield strong results.
“These results highlight our commitment to operational excellence and sustainable growth. We remain confident of closing the year on a high note, in line with our mission to improve lives and transform Africa,” Ikenga said.
Transcorp Power, listed on the Nigerian Exchange (NGX: TRANSPOWER), remains a key player in Nigeria’s energy sector, driving industrial growth through improved electricity generation and reliability.
