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Transnational Corporation of Nigeria (Transcorp) Plc has listed key drivers of the sterling performance it achieved in its unaudited third quarter 2025 financial results. Speaking yesterday during the investors’ call and Transcorp Q3 Analyst Presentation, President and Group Chief Executive Officer, Transnational Corporation of Nigeria (Transcorp) Plc, Dr. Owen Omogiafo, said Electricity Act 2023 which enabled state level regulation, allowing states to develop their own electricity markets and attract localised investments, supported the group’s operations. On its own, the group upgraded operational efficiency through continuous process improvement initiatives. Likewise, the growth in grid-connected generation capacity, with average available capacity rising to 5,639 MW and plant availability factor improving to 41 per cent also boosted the business success. Omogiafo said that the Group has secured government building approval for the Transcorp Ikoyi Hotel. “One of the great strides we’ve made is that we’ve secured the government building approval and received the government’s consent for that development. As you know, the development is across 24 floors. We’re going to have 900-seater ballroom, modernized back of house facilities,“ she said. She said that Heirs Energy Limited has been instrumental to the turnaround of the Transafam Power Limited, because they usually supply the plants the necessary gas to keep the turbines running effectively. That has led to a turnaround in the amount of power being generated and supplied to the grid. READ ALSO: Abba Kyari denies ownership of property linked to him Transcorp reported a 39 per cent increase in revenue to N413.4 billion in its unaudited third quarter 2025 financial results. The growth also delivered strong growth across business lines as Profit Before Tax (PBT) grew by 18 per cent, closing at N124.5 billion, compared to N105.5 billion in the same period last year. Transcorp Group maintained its strong growth trajectory, driven by the Company’s resilient business strategy and operational excellence. Other key highlights of the results showed that all operating units recorded significant growth, with the increased power generation capacity at the Group’s power plants and expansion in the hospitality revenue stream with the inclusion of the 5,000-capacity Transcorp Centre Abuja. The group profit before tax rose by 18 per cent to N124.5 billion, up from N105.5 billion in third quarter 2024 while profit after tax increased by 20.5 per cent, reaching N91.4 billion, compared to N75.9 billion in 2024. ”The Group maintained a gross profit margin of 48 per cent, reflecting disciplined cost management and strategic pricing across its business units, underpinned by a strong ethos of operational efficiency. Continuing, Omogiafo said Transcorp Group continues to grow its revenue and profitability with a strong sense of focus on corporate governance and due diligence in its operations. He said: “Nigeria needs all the energy sources that it can get. We are rich in oil and gas. We’ll leverage it. We have solar. We’ll leverage it. We have hydro, we will leverage it, and that is what we’re going to do. So overall, for us in Transcorp, we shall continue to drive the purpose of improving lives and transforming Africa, creating value for all our stakeholders.” She explained that surpassing full year revenue just in nine months, remains an impressive outing which continues to excite investors. Speaking on the renewable energy sector opportunities, Omogiafo said: “But perhaps, let me just pull your attention to the value that is coming up in the renewable energy space. Today, in Nigeria, the grid takes only about five gigawatts of power, but we know that Nigeria needs over 50 gigawatts of power, and we also have evidence that there’s 41 gigawatts of power that is being produced independently by people. That tells you there is significant value that is still coming up.”
