Transnational Corporation Plc (Transcorp Plc) has listed key drivers of the sterling performance it achieved in its unaudited third quarter 2025 financial results.
Speaking during the investors’ call and Transcorp Q3 Analyst Presentation, President/Group CEO of Transcorp Plc, Dr. Owen Omogiafo, said Electricity Act 2023 which activated state level regulation, allowing development of state electricity markets and attracting localized investments, supported the group’s operations and performance in Q3.
She said Transcorp Group’s upgraded operational efficiency through continuous process improvement as well as the growth in grid-connected generation capacity, boosted its operations and profitability within the quarter.
With the move, average available capacity rose to 5,639 MW and plant availability factor improved by 41 per cent, boosting 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 a 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 with 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.
Transcorp reported a 39 per cent increase in revenue to N413.4 billion in its unaudited third quarter 2025 financial results.
