Transcorp
By David Akinmola
Transcorp Power Plc has reported a pre-tax profit of ₦32.4 billion for the third quarter of 2025, reflecting strong operational performance and improved efficiency in its power generation business.
According to the company’s unaudited financial results released to the Nigerian Exchange Limited (NGX), the figure represents a significant increase from the ₦22.1 billion recorded in the same period of 2024 — underscoring the company’s sustained growth momentum and strategic focus on energy reliability.
The power generation firm, a subsidiary of Transnational Corporation Plc (Transcorp Group), attributed the impressive performance to higher generation capacity, improved plant availability, and cost-optimisation measures implemented over the past year.
Revenue for the period also rose sharply to ₦82.7 billion, compared to ₦61.4 billion in the corresponding quarter of 2024, driven by increased energy supply to the national grid and enhanced operational efficiency.
Commenting on the results, Managing Director/CEO of Transcorp Power Plc, Peter Ikenga, said the company’s strong financial performance reflected its commitment to operational excellence and sustainable energy delivery.
“We have continued to optimise our generation assets and strengthen our operational framework to deliver consistent value to stakeholders. Our performance this quarter is a testament to our disciplined execution and strategic investments in capacity expansion,” Ikenga stated.
He added that the company remains focused on expanding its generation footprint to support Nigeria’s energy transition agenda and improve national grid stability.
Transcorp Power, which operates the Ughelli Power Plant in Delta State, has consistently been one of Nigeria’s leading power producers, contributing significantly to the country’s electricity supply since its privatisation.
Market analysts say the latest earnings reinforce Transcorp Power’s position as a key player in the Nigerian power sector, demonstrating how efficient management and infrastructure investments can drive profitability even amid sector-wide challenges such as gas supply constraints and transmission bottlenecks.
The company expressed optimism about maintaining its growth trajectory in the final quarter of the year, leveraging ongoing investments, digital upgrades, and strategic partnerships to enhance operational resilience and shareholder returns.
