Delta, Nigeria – October 13, 2025
Transcorp Power Plc, a leading power generation company and subsidiary of Transnational Corporation Plc (Transcorp Group), has announced an impressive financial performance for the third quarter of 2025, posting a profit before tax (PBT) of ₦91.2 billion, as revenue surged by 38 percent year-on-year.
According to the company’s unaudited financial results for the period ended September 30, 2025, revenue grew to ₦308.5 billion, up from ₦223.5 billion recorded in Q3 2024. The growth, the company said, was driven by an increase in average power generation capacity and sustained operational efficiency.
Gross profit for the period rose by 24 percent to ₦119.7 billion, compared to ₦96.5 billion in Q3 2024, translating to a gross margin of 38.8 percent. Profit after tax (PAT) also climbed by 17 percent to ₦68.4 billion, up from ₦58.4 billion in the corresponding period of 2024.
Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the strong performance underscores the company’s resilience and operational excellence amid economic challenges.
> “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,” he said. “This sustained performance will further strengthen investor confidence in our capacity to create shared value and maintain our growth trajectory.”
Similarly, the Managing Director/CEO, Peter Ikenga, attributed the robust results to the company’s strategic focus on efficiency and value creation.
> “The Q3 2025 results are underpinned by further growth in energy delivered to the grid, emphasising our strategic approach to delivering increasing value to our shareholders and stakeholders,” Ikenga stated. “We are confident of finishing the year strong in fulfilment of our mission to improve lives and transform Africa.”
Transcorp Power Plc, listed on the Nigerian Exchange (NGX: TRANSPOWER), is one of Nigeria’s leading power generation companies. It plays a key role in Transcorp Group’s diversified investments across the power, hospitality, and energy sectors, with a mission to drive economic growth and enhance social welfare through improved access to electricity.
