Transcorp Power Plc has announced its financial results for the third quarter of 2025, posting a pre-tax profit of N32.4 billion, representing a 7.63 percent increase from the N30.1 billion recorded in the same period of 2024.
The company’s strong performance for the quarter boosted its nine-month pre-tax profit (ending September 30, 2025) to N91.1 billion, reflecting a 12.39 percent year-on-year rise, supported by sustained growth in revenue and improved operating efficiency.
Revenue from contracts with customers surged by 16.59 percent in the third quarter to N102.7 billion, compared to N88.1 billion a year earlier. This pushed total revenue for the nine-month period to N308.5 billion, marking a substantial 38.01 percent increase year-on-year.
A breakdown of the figures shows that energy delivery accounted for the largest share of revenue at N225.6 billion, while capacity charge contributed N82.9 billion. Ancillary services generated N13.5 million, underscoring the company’s diversified income streams within the power generation sector.
However, cost of sales rose to N60.6 billion in the third quarter, up from N54.6 billion in 2024, primarily due to higher natural gas and fuel costs. Despite these pressures, gross profit climbed sharply to N42 billion, from N33.4 billion in the corresponding period last year.
The company also reported other operating income of N107.1 million, while impairment on financial assets rose by 199 percent to N3.8 billion. Administrative expenses increased modestly by 13.57 percent to N3.1 billion, yet operating profit still advanced to N35.08 billion, compared with N29.3 billion last year.
Although Transcorp Power recorded a foreign exchange loss of N927 million during the quarter—contrasting with a N2.4 billion gain in the same period of 2024—the company’s strong revenue base and operational discipline enabled it to maintain profitability, achieving a 7.63 percent increase in quarterly pre-tax profit.
After-tax profit stood at N23.8 billion, reflecting a 16.15 percent year-on-year growth, reinforcing Transcorp Power’s position as one of Nigeria’s leading and most resilient players in the electricity generation industry.
Industry analysts say the company’s performance underscores its capacity to sustain earnings growth amid macroeconomic headwinds, rising fuel costs, and exchange rate volatility, as it continues to play a central role in Nigeria’s power sector transformation.
