Transcorp Power Plc has released its unaudited financial results for the third-quarter (Q3) period ended September 30, 2025.
The company’s revenue grew by 38 percent year-on-year (YoY) to N308.5 billion in 2025, compared to N223.5 billion in Q3 2024. Profit Before Tax (PBT) climbed to N91.18 billion in Q3 2025, from N81.12 billion in Q3 2024, representing a year-on-year growth of 12.4 percent.
Profit After Tax (PAT) rose to N68.42 billion in Q3 2025, from N58.4 billion in Q3 2024, representing a year-on-year growth of 17 percent.
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Transcorp Power Plc is one of Nigeria’s principal power generation companies and an electricity-generating subsidiary of Transnational Corporation Plc (Transcorp Group), Nigeria’s leading, listed conglomerate, with strategic investments in the power, hospitality, and energy sectors.
Transcorp Power Plc said its Q3 performance was driven by an increase in average power generation, reflecting Transcorp Power’s continued investment in improving generation capacity and operational excellence.
Its gross profit increased to N119.7 billion, up from N96.5 billion in Q3 2024, representing a year-on-year growth of 24percent, with a gross margin of 38.8 percent.
Emmanuel Nnorom, chairman Transcorp Power Plc said “Our performance in the third quarter, building on the positive momentum in the first half of the year, demonstrates Transcorp Power’s resilience and capacity to sustain profitability, despite economic challenges, supported by efficient operations strategies and prudent cost management”.
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“This sustained performance, in the face of economic headwinds will further strengthen investor confidence in our capacity to create shared value and maintain our growth trajectory,” Nnorom said.
Peter Ikenga, MD/CEO, Transcorp Power Plc said, “The Q3 2025 results are underpinned by further growth in energy delivered to the grid, and emphasising our strategic approach, that ensures we deliver ever increasing value to our shareholders and stakeholders”. “These results illustrate our continuous drive to improve our business operations, eliminating waste and harnessing value. We are confident of finishing the year strong in fulfilment of our mission to improving lives and transforming Africa,” Ikenga said.