Transcorp Power Posts N91.2bn Profit Before Tax in Q3 on 38% Revenue Surge

Transcorp Power Plc one of the power subsidiaries of Nigeria’s listed conglomerate, Transnational Corporation Plc (Transcorp Group), grew its revenue by 38% year-on-year to ₦308.5 billion for the third quarter (Q3) period ended 30 September 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.

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%, while 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, said: “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 MD/CEO Transcorp Power Plc, Peter Ikenga, said: “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.”

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