Transcorp Group has credited the reforms introduced under the Electricity Act and a stronger operational system for its impressive financial performance recorded in the third quarter of 2025.
The company’s President and Group Chief Executive Officer, Dr Owen Omogiafo, explained that the new policy framework boosted investor interest and supported improved efficiency across its operations during the period.
Speaking during the Transcorp Q3 Analyst Presentation and investors’ call, Omogiafo noted that the Electricity Act 2023 opened the door for states to play a more active role in the power sector, which has encouraged fresh investments and enhanced market activities. She said this contributed significantly to the Group’s overall performance in the energy sector throughout Q3. “The Electricity Act 2023 has supported our growth by enabling state level development of electricity markets and attracting more funding into the sector,” she stated.
The Transcorp boss added that the company’s continuous focus on upgrading its operational structure and enhancing process efficiency also helped improve profitability. She said the growth in grid connected generation capacity was a major factor in the improved energy output during the quarter. The company recorded an average available capacity of 5,639MW, with its plant availability factor rising by 41 per cent.
Omogiafo also highlighted the role of Heirs Energies Limited in sustaining the turnaround of Transafam Power Limited. According to her, the steady supply of gas to the plants has played a key role in keeping turbines active, leading to a consistent increase in power generation. “We have seen a remarkable turnaround in the volume of electricity supplied to the national grid due to reliable gas supply from Heirs Energies,” she added.
The company’s unaudited financial statement for Q3 2025 reflected strong performance across all business lines. Total revenue rose by 39 per cent to N413.4 billion, while Profit Before Tax increased by 18 per cent to N124.5 billion, compared to N105.5 billion recorded in the same period of 2024. Profit After Tax also went up by 20.5 per cent to N91.4 billion, against N75.9 billion last year.
Transcorp further maintained a gross profit margin of 48 per cent, which the Group attributed to disciplined cost control and strategic pricing. Omogiafo reaffirmed the company’s commitment to driving energy growth using a mix of local resources. “Nigeria needs all the energy sources it can get. We have oil, gas, hydro and solar, and we will continue to leverage them to improve lives and transform Africa while creating value for all our stakeholders,” she said.
