Transcorp Power Plc, a leading power generation company and subsidiary of Transnational Corporation Plc (Transcorp Group), has announced its unaudited financial results for the third quarter ended 30 September 2025, showcasing a strong performance marked by significant revenue growth and profitability
The company reported a 38% year-on-year increase in revenue, reaching ₦308.5 billion in Q3 2025, up from ₦223.5 billion in the same period last year.
This growth was attributed to a rise in average power generation, reflecting Transcorp Power’s sustained investment in generation capacity and operational efficiency.
Gross profit rose to ₦119.7 billion, representing a 24% increase from ₦96.5 billion in Q3 2024, with a gross margin of 38.8%. Profit Before Tax (PBT) climbed to ₦91.18 billion, up from ₦81.12 billion in the previous year, marking a 12.4% growth. Profit After Tax (PAT) also saw a notable rise, reaching ₦68.42 billion compared to ₦58.4 billion in Q3 2024, a 17% year-on-year increase.
Chairman of Transcorp Power Plc, Emmanuel Nnorom, described the results as a testament to the company’s resilience and strategic focus. “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,” he said.
“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.”
Managing Director/CEO, Peter Ikenga, emphasized the company’s strategic approach and operational improvements. “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,” he stated.
“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.”
Transcorp Power Plc remains one of Nigeria’s principal power generation companies, committed to driving economic growth and social impact through reliable electricity supply. As part of the Transcorp Group, which holds strategic investments in power, hospitality, and energy, the company continues to play a vital role in Nigeria’s infrastructure and development landscape.
