Transnational Corporation Plc (Transcorp Plc) has highlighted the key drivers behind its strong performance in the unaudited third quarter (Q3) 2025 financial results.

Speaking at the investors’ call and Q3 Analyst Presentation, President and Group CEO, Dr. Owen Omogiafo, noted that the Electricity Act 2023 played a pivotal role by enabling state-level regulation, fostering the development of state electricity markets, and attracting localized investments that supported Transcorp’s operations.

She further attributed the performance boost to the Group’s upgraded operational efficiency through continuous process improvements and the growth in grid-connected generation capacity, which increased the average available capacity to 5,639 MW and improved the plant availability factor by 41%.

Transcorp reported a 39% revenue increase, reaching ₦413.4 billion in Q3 2025.

Additionally, Omogiafo highlighted the approval for the Transcorp Ikoyi Hotel project, a 24-floor development featuring a 900-seater ballroom and modern back-of-house facilities.

The CEO also credited Heirs Energy Limited for its role in the turnaround of Transafam Power Limited, supplying consistent gas to turbines and enhancing power generation and grid supply.