Transcorp power reports N91.2bn profit before tax

…Says firm set for strong finish to 2025

Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc, has reported an impressive financial performance in the third quarter of 2025, posting a Profit Before Tax of N91.18 billion and recording a 38 per cent increase in revenue compared to the same period last year.

This was contained in a statement signed by Atinuke Kolade, Group Company Secretary, Transcorp Power Plc, who confirmed that the unaudited financial results for the period ended 30 September 2025 demonstrated sustained profitability and operational excellence across all business segments.

The statement reads partly:
“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.

“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.

“Our revenue grew by 38 per cent year-on-year to ₦308.5 billion, from ₦223.5 billion in Q3 2024, while gross profit increased to ₦119.7 billion, up from ₦96.5 billion in Q3 2024, representing a 24 per cent growth with a gross margin of 38.8 per cent.

“Profit Before Tax climbed to ₦91.18 billion in Q3 2025, from ₦81.12 billion in Q3 2024, representing a year-on-year growth of 12.4 per cent, while Profit After Tax rose to ₦68.42 billion, up from ₦58.4 billion in Q3 2024, showing a 17 per cent year-on-year improvement.”

According to the statement, the company’s performance in the third quarter was driven by improved generation capacity, higher energy output to the national grid, and the ongoing investment in plant optimisation.

Chairman of Transcorp Power Plc, Emmanuel Nnorom, noted that the company’s continued growth was a reflection of sound strategy and robust governance structures that allow Transcorp Power to thrive despite economic headwinds. Mr Nnorom said the company’s operational focus has enabled it to sustain profitability while maintaining strict cost discipline and delivering long-term value for shareholders.

Managing Director and Chief Executive Officer, Peter Ikenga, reaffirmed the company’s commitment to operational excellence and sustainable growth. He said Transcorp Power’s achievements in 2025 underscore its strategic focus on efficiency, innovation, and reliability.

Mr Ikenga explained that the power firm’s operational efficiency continues to contribute significantly to national energy supply, adding that the company is positioned to close the year with stronger margins and improved energy output.