Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has announced a growth of 38% in its unaudited financial results for the Q3 2025.
Robust Financials
The company recorded a 38% year-on-year increase in revenue, rising to N308.5 billion in Q3 2025 from N223.5 billion in the same period last year. This robust performance was driven by higher average power generation and ongoing investments in generation capacity and operational efficiency.
Gross Profit stood at N119.7 billion, up 24% from N96.5 billion in Q3 2024, with a gross margin of 38.8%, Profit Before Tax (PBT) was N91.18 billion, compared to N81.12 billion in Q3 2024 — a 12.4% increase while Profit After Tax (PAT) was N68.42 billion, up 17% from N58.4 billion in Q3 2024.
Speaking on the results, Emmanuel Nnorom, Chairman of Transcorp Power Plc, said: “Our performance in the third quarter, building on the positive momentum from the first half of the year, demonstrates Transcorp Power’s resilience and capacity to sustain profitability despite economic challenges.
“This was supported by efficient operational strategies and prudent cost management. The sustained performance, even in the face of macroeconomic headwinds, will further strengthen investor confidence in our ability to create shared value and maintain our growth trajectory.”
Also speaking, Peter Ikenga, Managing Director/CEO of Transcorp Power Plc, highlighted the company’s strategic execution and operational improvements “The Q3 2025 results reflect further growth in energy delivered to the grid and reaffirm our strategic approach to delivering consistent value to our shareholders and stakeholders.
“Our continuous drive to improve operational efficiency, eliminate waste, and harness value has been instrumental in achieving these results. We are confident of ending the year strong, in line with our mission of improving lives and transforming Africa.” he said.
