Onome Amuge
Transcorp Power Plc has posted another strong quarterly performance, with its unaudited results for the third quarter of 2025 showing double-digit growth in both revenue and profit,a testament to the company’s deepening operational efficiency and rising generation output despite persistent economic headwinds and power sector constraints.
The company, one of the key subsidiaries of Transnational Corporation Plc (Transcorp Group), recorded a 38 per cent year-on-year increase in revenue to N308.5 billion for the nine months ended September 30, 2025, compared to N223.5 billion in the same period last year. This increase was largely driven by an uptick in power generation capacity and an improvement in plant availability, underscoring the firm’s investments in infrastructure upgrades and efficiency measures across its generation assets.
Transcorp Power’s gross profit rose by 24 percent to N119.7 billion from N96.5 billion in the corresponding period of 2024, with a healthy gross margin of 38.8 percent, reflecting disciplined cost management and strategic operational optimisation. Profit before tax climbed to N91.18 billion, up 12.4 percent year-on-year, while profit after tax increased by 17 percent to N68.42 billion, up from N58.4 billion in Q3 2024.
Transcorp Power’s consistent growth comes amid mounting operational challenges in Nigeria’s power sector, from gas supply constraints and grid instability to rising input costs and macroeconomic volatility. Yet, the company’s results reflect a combination of scale, efficiency, and adaptability in a sector still struggling with liquidity shortfalls and infrastructural gaps.
Emmanuel Nnorom, chairman of Transcorp Power Plc, said the Q3 performance reflected the company’s resilience and disciplined execution despite macroeconomic headwinds.
“Our performance in the third quarter, building on the positive momentum from the first half, 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 will further strengthen investor confidence in our ability to create shared value and maintain growth,” he said.
Peter Ikenga, managing director and chief executive officer, said the company’s results were underpinned by increased energy delivery to the national grid and a deliberate focus on strategic efficiency.
“The Q3 results are supported by further growth in energy delivered to the grid, underscoring our strategic approach to creating value for shareholders and stakeholders. “We continue to eliminate waste, harness operational value, and enhance plant reliability. We are confident of finishing the year strong as we advance our mission to improve lives and transform Africa,” Ikenga said.
