Transcorp Energy Plc has printed its third-quarter {financial} statements, reporting a pre-tax revenue of N32.4 billion, a 7.63% improve from N30.1 billion in the identical interval final yr.
This efficiency lifted pre-tax revenue for the nine-month interval ended September 30, 2025, to N91.1 billion, up 12.39% year-on-year, supported by sturdy top-line profitability.
Income from contracts with prospects rose 16.59% in Q3 to N102.7 billion, bringing complete income for the nine-month interval to N308.5 billion, a notable 38.01% improve year-on-year.
Nonetheless, the price of gross sales climbed to N60.6 billion in Q3, up from N54.6 billion, largely pushed by larger pure gasoline and gas prices.
The corporate additionally reported different working earnings of N107.1 million, whereas impairment on {financial} property rose sharply to N3.8 billion, up 199%.
Administrative bills elevated modestly by 13.57% to N3.1 billion, but working revenue nonetheless grew to N35.08 billion, up from N29.3 billion.
Though Transcorp Energy recorded a international trade lack of N927 million, in comparison with a N2.4 billion achieve in the identical interval final yr, it nonetheless achieved a 7.63% improve in quarterly pre-tax revenue.
On the stability sheet, complete property expanded by 35.26% to N536.7 billion, pushed primarily by commerce and different receivables, which stood at N432.1 billion.
Retained earnings improved to N109.4 billion, up from N78.4 billion, reflecting stronger profitability and reinvestment capability.
Nonetheless, complete liabilities additionally rose 39.37% to N376.5 billion, with commerce and different payables accounting for the biggest portion at N260.2 billion.
Chairman of Transcorp Energy Plc, Emmanuel Nnorom, expressed confidence within the firm’s continued momentum, noting that the third-quarter outcomes replicate each energy and consistency.
“Our efficiency within the third quarter, constructing on the optimistic momentum within the first half of the yr, demonstrates Transcorp Energy’s resilience and capability to maintain profitability regardless of {economic} challenges,” Nnorom stated.
He attributed the efficiency to environment friendly operational methods and prudent price administration, including that the corporate’s sustained outcomes will additional strengthen investor confidence and reinforce its development trajectory.
MD/CEO of Transcorp Energy Plc, Peter Ikenga, echoed the sentiment, noting that the sturdy Q3 outcomes replicate larger vitality supply, improved effectivity, and the corporate’s ongoing dedication to creating worth for shareholders and stakeholders.
