Business
Transcorp Power Sustains Profit Surge With ₦308.5bn Revenue, Boosts Investor Confidence
has reported another strong quarter, sustaining its profitability
Transcorp Power Plc, one of Nigeria’s leading power generation companies and a subsidiary of Transnational Corporation Plc (Transcorp Group), has reported another strong quarter, sustaining its profitability with a 38 percent year-on-year revenue growth to ₦308.5 billion for the period ended September 30, 2025.
The impressive third-quarter performance reflects the company’s resilience and strategic investments in expanding generation capacity and operational efficiency. In the corresponding period of 2024, the company had recorded ₦223.5 billion in revenue — a testament to the consistency of its growth trajectory.
Gross profit climbed to ₦119.7 billion from ₦96.5 billion a year earlier, representing a 24 percent increase and a healthy gross margin of 38.8 percent. Profit Before Tax rose to ₦91.18 billion, up from ₦81.12 billion, while Profit After Tax grew to ₦68.42 billion, marking a 17 percent year-on-year increase.
Commenting on the results, Emmanuel Nnorom, Chairman of Transcorp Power Plc, said the company’s strong showing underscores its resilience and capacity to sustain profitability despite economic headwinds.
“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,” Nnorom said.
The company’s Managing Director and Chief Executive Officer, Peter Ikenga, attributed the growth to disciplined execution and consistent improvements in power generation and grid delivery.
“The Q3 2025 results are underpinned by further growth in energy delivered to the grid, and emphasise 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 improve lives and transform Africa,” Ikenga stated.
Transcorp Power’s performance continues to reinforce investor confidence in its leadership, which has consistently focused on operational excellence, efficient resource management, and sustainability.
As one of Nigeria’s principal power generation companies, Transcorp Power Plc remains committed to driving economic growth through reliable electricity supply while contributing to Transcorp Group’s broader goal of transforming Africa through strategic investments in power, hospitality, and energy.
