- Safiu Kehinde
Transcorp Power Plc has recorded N119.7 billion gross profit and a 38% revenue growth in its unaudited Q3 financial results for the period ended 30 September 2025.
This was disclosed in a statement issued on Monday by the company.
According to the statement, Transcorp Power’s revenue grew by 38% year-on-year to N308.5 billion in 2025, compared to N223.5 billion in Q3 2024.
The gross profit, on the other hand, increased to N119.7 billion, up from N96.5 billion in Q3 2024.
This reportedly represents a year-on-year growth of 24%, with a gross margin of 38.8%.
In the same vein, the Profit Before Tax (PBT) climbed, to N91.18 billion in Q3 2025, from N81.12 billion in Q3 2024, representing a year-on-year growth of 12.4%.
Profit After Tax (PAT) rose to N68.42 billion in Q3 2025, from N58.4 billion in Q3 2024, representing a year-on-year growth of 17%.
Transcorp Power attributed the Q3 2025 performance to an increase in average power generation, reflecting the company’s continued investment in improving generation capacity and operational excellence.
In his remark, the Chairman Transcorp Power Plc, Emmanuel Nnorom, held that the performance demonstrated the company’s resilience and capacity to sustain profitability, despite economic challenges.
“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.” He said.
On his part, the Managing Direct and CEO of Transcorp Power Plc, Peter Ikenga, said the Q3 2025 results were underpinned by further growth in energy delivered to the grid.
This, according to him, emphasised the company’s strategic approach that ensures it deliver ever increasing value to shareholders and stakeholders.
“The Q3 2025 results are underpinned by further growth in energy delivered to the grid, and emphasising 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 improving lives and transforming Africa.” Ikenga said.