Transcorp Power records strong growth in revenue, profit in Q3 2025

Transcorp Power Plc (Transcorp Power or the “Company), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc, has announced its unaudited Quarter 3 financial results for the period ended 30 September 2025.

According to the report, the Company’s revenue grew by 38% year-on-year to ₦308.5 billion in 2025, compared to ₦223.5 billion 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.

The report reflects growth as revenue grew by 38% year-on-year to ₦308.5 billion, from ₦223.5 billion in Q3 2024.

Gross profit increased to ₦119.7 billion, up from ₦96.5 billion in Q3 2024, representing a year-on-year growth of 24%, with a gross margin of 38.8%.

The Profit Before Tax (PBT) climbed to ₦91.18 billion in Q3 2025, from ₦81.12 billion in Q3 2024, representing a year-on-year growth of 12.4%.

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%

The Chairman, Transcorp Power Plc, Emmanuel Nnorom, commended the achievement, saying, “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.”

My Peter Ikenga, the MD/CEO of the Transcorp Power Plc, explained that the Q3 2025 results were underpinned by further growth in energy delivered to the grid.

“This emphasises the company’s strategic approach that ensures that 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 toimproving lives and transforming Africa.”