Amanze Chinonye
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), posted a robust financial performance for the third quarter of 2025, recording a profit before tax (PBT) of ₦91.2 billion, a 12.4 percent increase from ₦81.1 billion posted in the corresponding period of 2024.
According to the company’s unaudited financial results released on Monday, revenue surged by 38 percent year-on-year to ₦308.5 billion in Q3 2025, compared to ₦223.5 billion in the same period last year. The growth, Transcorp Power said, was driven by increased average power generation and continued investment in improving operational capacity.
Gross profit stood at ₦119.7 billion, up from ₦96.5 billion in Q3 2024 representing a 24 percent year-on-year rise and maintaining a strong gross margin of 38.8 percent. Profit after tax (PAT) also climbed by 17 percent to ₦68.4 billion, compared to ₦58.4 billion recorded a year earlier.
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Management Commends Operational Efficiency
Chairman of Transcorp Power Plc, Emmanuel Nnorom, attributed the company’s consistent growth to prudent cost management and strong operational discipline.
“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,” Nnorom said.
“This sustained performance will further strengthen investor confidence in our capacity to create shared value and maintain our growth trajectory.”
Similarly, Managing Director and Chief Executive Officer, Peter Ikenga, said the Q3 results underscore 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,” Ikenga stated.
“We are committed to continuously improving our operations, eliminating waste, and enhancing value for shareholders. We are confident of finishing the year strong in fulfillment of our mission to improve lives and transform Africa.”
Transcorp Power Plc is one of Nigeria’s leading power generation companies and a key player in the nation’s electricity market. A subsidiary of the Transnational Corporation Plc, the company operates within the conglomerate’s diverse portfolio that spans power, hospitality, and energy sectors.
The firm reaffirmed its commitment to value creation, sustainable economic growth, and social development through improved electricity access across Nigeria.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
