Transcorp Power Plc has released its unaudited results for the first quarter (Q1) ended March 31, 2025. Its profit before tax (PBT) grew by 50 percent, from N28.8 billion in Q1, 2024 to N43.3 billion in Q1, 2025.
Transcorp Power said this substantial growth in pre-tax profit reflects not only higher revenues but also continued improvements in cost efficiency and operational excellence.
The company recorded an impressive 55 percent year-on-year (YoY) increase in revenue, rising from N67.9 billion to N105.4 billion.