Prime Business Africa
Transcorp Power’s expenses are rising faster than the company’s revenue, according to Prime Business Africa’s analysis of the firm’s annual reports and accounts for the year ended December 31, 2025.
The company had generated N398.26 billion in revenue between January and December last year, while costs gulped N216.40 billion during the same period.
Join our WhatsApp ChannelBetween the first quarter (Q1) and fourth quarter (Q4) of 2024, Transcorp Power incurred N163.73 billion but closed the same year with N305.94 billion in turnover.
Prime Business Africa’s analysis showed that while Transcorp Power’s revenue grew by 30.17 percent year-on-year, the company’s cost of sales increased by 32.16 percent.
Regardless, the power-generating firm’s gross profit grew by 27.88 percent to N181.86 billion between Q1 and Q4 2025, compared to the N142.20 billion posted in 2024.
However, after factoring other operating income, impairment loss on financial assets, impairment loss on PPE, and administrative expenses, Transcorp Power was left with N125,05 billion operating profit last year, against the N114,03 billion reported in 2024.
While operating profit increased by 9.66 percent, finance income dropped by 21.25 percent year-on-year, from N7.34 billion to N5.78 billion.
The company’s earnings were further impacted by an increase in finance cost, which grew to N10.7 billion in 2025, from the N9.85 billion incurred the previous year.
Following the 8.61 percent increase in finance cost, Transcorp Power’s profit before tax (PBT) rose from N113.28 billion in 2024 to N120.01 billion in 2025, representing an increase of 5.94 percent.
The company’s bottom line was supported by a 14.04 percent decrease in income tax expense, which dropped to N28.6 billion last year, from the N33.27 billion reported in 2024.
This led to a double-digit growth in the profit after tax (PAT), as it jumped by 14.25 percent to N91.41 billion in 2025, surpassing the N80.01 billion post-tax profit of the year before.
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