The board of Transcorp Power Plc on Monday presented its unaudited report for the nine months ended September 30, 2025 to the Nigerian Exchange, showing growth in top and bottom-lines despite the harsh operating environment, which according the company, is indicative of its resilience and capacity to offer greater value to shareholders.
Transcorp Power, a subsidiary of Nigeria’s leading conglomerate, Transnational Corporation Plc, reported a 38% year-on-year revenue growth to ₦308.5 billion in 2025, compared to ₦223.5 billion in the corresponding period of 2024, boosted by the increase in average power generation, reflecting its continued investment to improve generation capacity, in addition to ensuring operational excellence.
Gross profit, the statement noted, rose 24% from ₦96.5 billion in Q3
2024, to ₦119.7 billion, while gross margin stood at 38.8%. Profit Before Tax climbed to ₦91.18 billion in Q3 2025, from ₦81.12 billion, representing a year-on-year growth of 12.4%; leaving a Profit After Tax of ₦68.42 billion from ₦58.4 billion, representing a year-on-year growth of 17%
Commenting on the performance, the Chairman, Emmanuel Nnorom, said the it is “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 statement also quoted the Managing Director/Chief Executive Officer, Peter Ikenga as assuring that the latest “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,” he added.
