Transcorp Power Plc has released its unaudited results for the first quarter (Q1) ended March 31, 2025. Its profit before tax (PBT) grew by 50 percent, from N28.8 billion in Q1, 2024 to N43.3 billion in Q1, 2025.
Transcorp Power said this substantial growth in pre-tax profit reflects not only higher revenues but also continued improvements in cost efficiency and operational excellence.
The company recorded an impressive 55 percent year-on-year (YoY) increase in revenue, rising from N67.9 billion to N105.4 billion.
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“This strong performance was primarily driven by an increased available capacity of 625MW compared to 500MW in Q1, 2024. This growth has been achieved notwithstanding the liquidity challenges in the sector, showcasing our commitment to closing the power supply gap in the country,” Transcorp Power Plc said.
Transcorp Power is one of Nigeria’s principal power generation companies and an electricity generating subsidiary of Transnational Corporation Plc (Transcorp Group), Africa’s leading, listed conglomerate, with strategic investments in the power, hospitality, and energy sectors.
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Peter Ikenga, managing director/chief executive officer, Transcorp Power Plc said “We delivered a strong performance in Q1 2025, reflecting our disciplined execution, reliable operations, and unwavering focus on efficiency. Despite the challenges impacting the sector, we continue to optimise our generating capacity from 500MW in Q1 2024 to 625MW in Q1 2025.”
“We remain firmly committed to delivering long-term value for our shareholders while powering progress across Africa,” he added.
