By Sofiyyah Layole & Seun Ibiyemi
A higher average power generation has fueled the revenue growth of Transcorp Power Plc for the third quarter (Q3) ended September 30, 2025.
The leading power generation company, a subsidiary of TRANSCORP Group disclosed that its revenue rose by 38 percent year-on-year to ₦308.5 billion in Q3 2025, compared to ₦223.5 billion recorded in the corresponding period of 2024.
According to its unaudited financial results released on Monday, the company’s Profit Before Tax (PBT) also increased by 12.4 percent to ₦91.18 billion, up from ₦81.12 billion in Q3 2024, while Profit After Tax (PAT) rose to ₦68.42 billion, representing a 17 percent growth from ₦58.4 billion in the same period last year.
The company attributed its impressive results to higher average power generation and continued investments in operational efficiency and capacity expansion.
Gross profit climbed to ₦119.7 billion from ₦96.5 billion in Q3 2024, marking a 24 percent year-on-year increase and a gross margin of 38.8 percent.
Commenting on the results, Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the company’s performance reflects its resilience and ability to sustain profitability despite economic headwinds.
“Our performance in the third quarter, building on the positive momentum of the first half, demonstrates Transcorp Power’s resilience and capacity to sustain profitability, supported by efficient operations strategies and prudent cost management,” he said.
He added that the company’s sustained growth would further bolster investor confidence in its long-term value creation and expansion strategy.
Also speaking on the results, Managing Director/CEO of Transcorp Power Plc, Peter Ikenga noted that the improved performance was driven by increased energy delivery to the national grid.
“The Q3 2025 results are underpinned by further growth in energy delivered to the grid, illustrating our strategic approach to delivering greater value to our shareholders and stakeholders,” Ikenga said.
“We are confident of finishing the year strong in fulfilment of our mission to improve lives and transform Africa,” he added.
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), operates as one of Nigeria’s principal electricity generation companies, with investments spanning power, hospitality, and energy sectors.