TRANSCORP Power Plc, one of Nigeria’s leading power generation companies and a subsidiary of Transnational Corporation Plc (Transcorp Group), has posted an impressive financial performance for the third quarter of 2025, recording a ₦91.18 billion profit before tax and a 38% year-on-year revenue growth.
According to its unaudited financial results for the period ended September 30, 2025 sent to News Point Nigeria, revenue rose to ₦308.5 billion, up from ₦223.5 billion in the corresponding period of 2024, underscoring the company’s continued expansion in generation capacity and operational efficiency.
Transcorp Power attributed the strong performance to improved electricity generation and sustained cost optimization initiatives across its operations.
The company’s gross profit climbed to ₦119.7 billion, up from ₦96.5 billion in Q3 2024, representing a 24% increase, with a gross margin of 38.8%.
Profit Before Tax (PBT) grew by 12.4% from ₦81.12 billion in Q3 2024 to ₦91.18 billion in Q3 2025, while Profit After Tax (PAT) rose by 17%, from ₦58.4 billion in the previous year to ₦68.42 billion.
The company said the results highlight its resilience amid economic headwinds and reinforce investor confidence in its long-term value creation strategy.
Commenting on the results, Chairman of Transcorp Power Plc, Mr. Emmanuel Nnorom, said the sustained growth demonstrates the company’s ability to deliver strong returns despite macroeconomic challenges.
“Our performance in the third quarter, building on the positive momentum from the first half of the year, demonstrates Transcorp Power’s resilience and capacity to sustain profitability despite economic challenges,” Nnorom said.
“This sustained performance will further strengthen investor confidence in our capacity to create shared value and maintain our growth trajectory.”
On his part, Managing Director/CEO, Mr. Peter Ikenga, said the company’s Q3 2025 results were driven by increased energy delivery to the national grid and ongoing improvements in operational efficiency.
“The Q3 2025 results are underpinned by further growth in energy delivered to the grid,” Ikenga said.
“Our strategic approach ensures we deliver increasing value to our shareholders and stakeholders. These results reflect our continuous drive to improve operations, eliminate waste, and harness value.
“We are confident of finishing the year strong, in fulfilment of our mission to improve lives and transform Africa.”
Transcorp Power Plc, listed on the Nigerian Exchange (NGX: TRANSPOWER), is one of Nigeria’s principal power generation companies.
A subsidiary of Transnational Corporation Plc (Transcorp Group), the firm operates within Nigeria’s critical energy sector alongside Transcorp’s diversified interests in hospitality and oil & gas.
