Q3: Transcorp Power posts N91.2bn Profit Before Tax
Transcorp Power Plc, one of the power subsidiaries of conglomerate Transnational Corporation Plc, has recorded N91.2bn in profit before tax for the period ended 30 September 2025.
This was disclosed in its unaudited financial results for the third quarter.
In the period under review, the company’s revenue grew 38 per cent year-on-year to N308.5bn in Q3 2025, compared to N223.5bn in Q3 2024.
The firm said that the Q3 2025 performance was driven by an increase in average power generation, reflecting Transcorp Power’s continued investment in improving generation capacity and operational excellence.
Similarly, Profit After Tax rose to N68.42bn in Q3 2025, from N58.4bn in Q3 2024, representing a year-on-year growth of 17 per cent.
Commenting on the company’s performance, Chairman of Transcorp Power Plc, Emmanuel Nnorom, said, “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.”
The Managing Director/Chief Executive Officer, Transcorp Power Plc, Peter Ikenga, said, “The Q3 2025 results are underpinned by further growth in energy delivered to the grid and emphasise our strategic approach, which 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.”
Transcorp Power Plc is one of Nigeria’s principal power generation companies.
