Transcorp Power Plc delivered strong Q3 results, showing resilience and steady progress in Nigeria’s energy sector.
Firstly, the company boosted revenue by 38% year-on-year to ₦308.5 billion, rising from ₦223.5 billion in Q3 2024.
Transcorp Revenue And Profits Soar
Meanwhile, it increased Profit Before Tax to ₦91.18 billion, a 12.4% growth, and raised Profit After Tax by 17% to ₦68.42 billion.
Operational Excellence Drives Growth
This growth reflects Transcorp Power’s operational discipline and continuous investment in expanding power generation capacity.
Consequently, the company grew gross profit by 24% to ₦119.7 billion, achieving a strong gross margin of 38.8%.
Leadership And Strategy At Work
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Chairman Emmanuel Nnorom highlighted that the results demonstrate Transcorp Power’s ability to maintain profitability despite economic challenges.
Furthermore, Managing Director Peter Ikenga explained that the company achieved growth through higher energy output and a focused approach to creating value for stakeholders.
He added that Transcorp Power continues to improve operations, eliminate waste, and strengthen its position to finish the year strongly.
Overall, Transcorp Power’s Q3 performance shows how strategic investment and operational excellence drive progress in Africa’s energy sector.
