Transcorp Power Plc has published its third-quarter financial statements, reporting a pre-tax profit of N32.4 billion, a 7.63% increase from N30.1 billion in the same period last year.
This performance lifted pre-tax profit for the nine-month period ended September 30, 2025, to N91.1 billion, up 12.39% year-on-year, supported by strong top-line profitability.
Revenue from contracts with customers rose 16.59% in Q3 to N102.7 billion, bringing total revenue for the nine-month period to N308.5 billion, a notable 38.01% increase year-on-year.
However, the cost of sales climbed to N60.6 billion in Q3, up from N54.6 billion, largely driven by higher natural gas and fuel costs.
The company also reported other operating income of N107.1 million, while impairment on financial assets rose sharply to N3.8 billion, up 199%.
Administrative expenses increased modestly by 13.57% to N3.1 billion, yet operating profit still grew to N35.08 billion, up from N29.3 billion.
Although Transcorp Power recorded a foreign exchange loss of N927 million, compared to a N2.4 billion gain in the same period last year, it still achieved a 7.63% increase in quarterly pre-tax profit.
On the balance sheet, total assets expanded by 35.26% to N536.7 billion, driven mainly by trade and other receivables, which stood at N432.1 billion.
Retained earnings improved to N109.4 billion, up from N78.4 billion, reflecting stronger profitability and reinvestment capacity.
However, total liabilities also rose 39.37% to N376.5 billion, with trade and other payables accounting for the largest portion at N260.2 billion.
Chairman of Transcorp Power Plc, Emmanuel Nnorom, expressed confidence in the company’s continued momentum, noting that the third-quarter results reflect both strength and consistency.
“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,” Nnorom said.
He attributed the performance to efficient operational strategies and prudent cost management, adding that the company’s sustained results will further strengthen investor confidence and reinforce its growth trajectory.
MD/CEO of Transcorp Power Plc, Peter Ikenga, echoed the sentiment, noting that the strong Q3 results reflect higher energy delivery, improved efficiency, and the company’s ongoing commitment to creating value for shareholders and stakeholders.