Transcorp Power Plc, an influence subsidiary of Transnational Corporation Plc (Transcorp Group), has reported a revenue earlier than tax of ₦83.1 billion for the 9 months ended September 30, 2026, with its revenue earlier than tax margin bettering to 31.2 per cent from 29.6 per cent within the corresponding interval of 2025.
The firm’s unaudited monetary outcomes confirmed that income declined by 13.7 per cent to ₦266.1 billion from ₦308.5 billion within the corresponding interval of 2025, whereas revenue earlier than tax fell to ₦83.1 billion from ₦91.18 billion.
Despite the decline in income, Transcorp Power improved its revenue earlier than tax margin to 31.2 per cent, reflecting its potential to maintain profitability amid operational challenges in Nigeria’s electrical energy provide business.
The firm attributed the income decline to structural challenges affecting the sector, together with the vandalisation of crucial transmission infrastructure, which constrained energy evacuation, fuel provide limitations, and delays within the supply of important turbine components and elements attributable to international provide chain disruptions arising from the Middle East disaster.
Transcorp Power stated it maintained operational readiness and plant availability regardless of the challenges, whereas persevering with to concentrate on environment friendly energy technology and operational excellence.
Its monetary place additionally strengthened in the course of the interval, with complete property growing by 11.7 per cent to ₦629.5 billion, whereas shareholders’ funds rose by 8.9 per cent to ₦199.8 billion. Retained earnings grew by 11.5 per cent to ₦147.7 billion.
Cash and money equivalents elevated by 365 per cent to ₦10.3 billion, supported by improved collections, partial settlement of legacy market money owed, and the reversal of anticipated credit score loss provisions, which the corporate stated mirrored bettering liquidity throughout the electrical energy market.
Commenting on the outcomes, the Managing Director and Chief Executive Officer of Transcorp Power Plc, Peter Ikenga, stated the efficiency demonstrated the resilience of the enterprise regardless of exterior challenges, together with transmission constraints, vandalisation of crucial infrastructure and fuel provide limitations.
He stated the corporate had continued to work with stakeholders to deal with broader business challenges whereas bettering its revenue margin, strengthening its stability sheet and growing money reserves.
Ikenga added that Transcorp Power remained centered on operational excellence, environment friendly technology and long-term worth creation for shareholders.
The Chief Finance Officer of Transcorp Power Plc, Dr Evans Okpogoro, stated the nine-month outcomes mirrored monetary self-discipline and resilience regardless of exterior sector challenges that affected income.
He stated the development in revenue margin, development in money reserves and enhance in shareholders’ funds demonstrated the corporate’s monetary power, prudent capital administration and capability to ship sustainable worth regardless of operational challenges largely past its management.
Looking forward, Transcorp Power stated it will proceed to pursue development alternatives, strengthen operational reliability and gas safety, and collaborate with stakeholders throughout the ability worth chain to help Nigeria’s rising vitality wants.
