Transcorp Power has recorded 38 per cent revenue growth, pushing its year-on-year earnings to ₦308.5 billion in Q3 2025, from ₦223.5 billion recorded in Q3 2024.
The Q3 2025 performance was driven by an increase in average power generation, reflecting Transcorp Power’s continued investment in improving generation capacity and operational excellence.
In the company’s unaudited results for the third quarter, its gross profit increased to ₦119.7 billion from ₦96.5 billion in Q3 2024, representing a year-on-year growth of 24 per cent, with a gross margin of 38.8 per cent while the Profit Before Tax (PBT) climbed to ₦91.18 billion in Q3 2025, from ₦81.12 billion in Q3 2024, representing 12.4 per cent growth.
Profit After Tax (PAT) rose to ₦68.42 billion in Q3 2025, from ₦58.4 billion in Q3 2024, representing a year-on-year growth of 17 per cent
Chairman Transcorp Power Plc, Emmanuel Nnorom, commented, “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. 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.”
MD/CEO Transcorp Power Plc, Peter Ikenga, comments, “The Q3 2025 results are underpinned by further growth in energy delivered to the grid, and emphasise our strategic approach, which 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 improve lives and transform Africa.”
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 is committed to creating value, driving economic growth, and ensuring social goods through access to the electricity supply.
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