National Wire About Nigerians, Nigerian Business and Other Stories
Transcorp Power Plc has announced its unaudited Q3 2025 financial results, reporting a profit before tax of N91.18 billion, up 12.4% from N81.12 billion in Q3 2024.
Similarly, the company’s revenue grew 38% year-on-year to N308.5 billion, driven by increased power generation.
Profit After Tax (PAT) rose, to ₦68.42 billion in Q3 2025, from ₦58.4
billion in Q3 2024, representing a year-on-year growth of 17%
Commenting on the company’s financial, the Chairman, Emmanuel Nnorom attributed the performance to efficient operations and prudent cost management, saying it would strengthen investor confidence.
”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 MD/CEO Peter Ikenga said, the results reflect the company’s strategic approach to delivering 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.”
Transcorp Power aims to finish the year strong, driven by its mission to improve lives and transform Africa through access to electricity.
Transcorp Power Plc is one of Nigeria’s principal power generation
companies and an electricity-generating subsidiary of Transnational
Corporation Plc (“Transcorp Group”), Nigeria’s leading, listed
conglomerate, with strategic investments in the power, hospitality, and
energy sectors. Transcorp Power is committed to creating value, driving
economic growth, and ensuring social goods through access to the
electricity supply.
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