By Stephen Ubanna
In spite of the epileptic power supply in Nigeria and other parts of the country including Abuja, the Federal Capital Territory, FCT, by the various Electricity Distribution Companies, DISCOs, Transcorp Power, subsidiary of Transnational Corporation, listed in the Nigerian Stock Exchange Market, have continued to lead the park to sustain its yearly quarterly profits track record.
Transcorp Power, plc, which has the franchise for the distribution and sale of electricity across the FCT, and the north central states of Kogi, Nasarawa and Niger, a former Nigerian military President, Gen. Ibrahim Babangida, rtd, home state, appears to have sustained its 25% electricity generation in Nigeria from the previous 12% that it had resulted in its continued improved yearly profit margin over the years.
The Abuja based Electricity Company could achieve that much in its growth rate in electricity generation and profits margin over the years, which it had sustained from the beginning of 2025, and now as it had increased its share of the electricity market.
As a prelude to achieving its planned revenue target for this 2025, fiscal year, the electricity Company, was said to have prioritised improvements in gas supply and infrastructure output and to pursue more growth opportunities and ensuring social goods through access to the company’s electricity supply by many homes and industrial concerns.
Given that Transcorp Power, has a mandate to ensure a regular and uninterrupted Power supply in its areas of operations was said to have succeeded in doing so ‘’despite the country’s economic challenges’’. Supported by efficient operations strategies and prudent cost management by Peter Ikega led Management Team, the Abuja Electricity Company, had ‘’sustained its impressive performance in the face of economic down winds’’. This was said to have ‘’strengthened investors’ confidence in the company capacity under the present Management ‘’to create shared value and maintain its growth trajectory’’.
An elated Ikenga, the Transcorp Power plc, Managing Director and Chief Executive Officer, CEO, had confirmed that the Company could improve on its electricity supplies in Abuja and the neighbouring states of Kogi, Nasarawa and Niger, because of its continuous investment which had sustained the growth in its energy delivered to the national grid , noting that ‘’its strategic approach over the years to deliver ever increasing value to the company shareholders and stakeholders had paid off’’.
Given an insider information, of the company’s unaudited Q3, report, the Transcorp CEO, had disclosed that the company’s gross revenue and profits, spanning between July September 30, 2025, grew by 38% showing a year-on -year to N308.5 billion compared to N223.5 billion in 2024.
He had divulged information that the electricity company’s Q3, 2025, impressive performance was further driven by ‘’an increase in average power generation’’, reflecting the company’s continued investment in improving generation capacity and operational excellence in all its areas of operations across the country.
Ikenga, the Transcorp helmsman, who could not hide his feelings may have gladdened the heart of the shareholders and stakeholders, who were eagerly waiting to hear from him the money that was garnered by the company as profit during the Q3, when he let the cat of the bag that its Gross Profit, had increased to N119.7 billion , up from N96.5 billion in Q3, of 2024, representing a year-on-year growth of 24%, with a gross margin of 38.8%. He did not stop there.
He noted that the Profit Before Tax, PBT, of the company also climbed to N91.18 billion during the period under review as against N81.12 billion, generated in 2024, while the Profit After Tax, PAT, rose to N68.4 billion from the N58.4 billion, that was said to have been declared in its Q3, report of 2024, representing a growth rate of 17%.
Emmanuel Nnorom, the Company’s Chairman, who, many believes had put a close tab on the operations of the Company, to ensure that it remains the Nigeria’s leading Electricity company, that could only be compared with energy competitors in in the Asian countries of China, India, the North American country of the United States, US and the United Kingdom, UK, including Russia Federation, currently at war with neighbouring Ukraine, is happy with the Management Team.
The Transcorp chairman, was said to have told those that cares to listens that the company’s performance in Q3, of 2025, was not unexpected, ‘’building on the positive momentum in the first half of the year’’, which demonstrates’’ its resilience and capacity to sustain its profitability’’.
The Transcorp Chairman, who has every reason, to beat his chest that the company would do much better in the remaining quarter of 2025, had said that its impressive results in Q3, alone ‘’illustrates our continuous drive to improve business operations, eliminating waste and harnessing value’’ as well as ‘’improving lives and transforming Africa’’. Vintage Nnorom .
