*REPORTS N91.2BN PROFIT BEFORE TAX AS REVENUE GROWS BY 38%
Delta, Nigeria: 13 October 2025
Transcorp Power Plc (“Transcorp Power” or the “Company”), (NGX: TRANSPOWER), one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc (“Transcorp Group”), has
announced its unaudited Q3 financial results for the period ended 30
September 2025.
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.
Key Highlights
▪ Revenue Growth
− Revenue grew by 38% year-on-year to ₦308.5 billion, from ₦223.5
billion in Q3 2024.
▪ Profit
− 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%.
− 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%
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 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.”
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.
www.transcorppower.co
