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Indigenous conglomerate Transnational Corporation Plc (Transcorp) has reported a strong performance for the third quarter of 2025, recording a 39 per cent increase in revenue to N413.4 billion, up from N297.7 billion in the same period of 2024.
In a statement released after filing its Q3 financial results with the Nigerian Exchange Limited (NGX), the group said the impressive performance was driven by growth across its major business segments—power generation and hospitality. Transcorp attributed the rise in revenue to higher energy output from its power plants and an expansion of its hospitality portfolio, which now includes the newly commissioned 5,000-capacity Transcorp Centre in Abuja.
During the period under review, all of the group’s operating units recorded significant growth. Its Profit Before Tax (PBT) rose by 18 per cent to N124.5 billion, compared to N105.5 billion in Q3 2024. Similarly, Profit After Tax (PAT) increased by 20.5 per cent to N91.4 billion, up from N75.9 billion in the previous year.
Commenting on the results, the Chairman of Transcorp Plc, Tony O. Elumelu, described the company’s performance as a reflection of the vast opportunities that still exist in the Nigerian economy despite current challenges. He said the group’s diversified investments continue to deliver value and position Transcorp as a key player in driving the nation’s economic transformation.
“Transcorp’s robust revenue and earnings delivery demonstrates the opportunity in the Nigerian economy. Our diversified portfolio continues to offer investors access to key drivers of Nigeria’s growth opportunity. As the macroeconomic climate improves, the group is well-positioned to take advantage of Nigeria’s extraordinary potential,” Elumelu said.
He added that the company’s business model, which spans power, hospitality, and energy, remains resilient and continues to generate strong value for shareholders.
“In power generation and distribution, we are helping to close Nigeria’s energy deficit and support national development. We have increased our generation capacity across all our plants, and we remain committed to powering Nigerians out of poverty,” he said.
“In hospitality, we are redefining excellence, with the landmark Transcorp Centre Abuja setting a new standard for world-class events. We remain unrelenting in our commitment to delivering superior shareholder returns and driving the long-term transformation of Nigeria’s economy,” Elumelu added.
The President/Group Chief Executive Officer (GCEO) of Transcorp Plc, Dr. Owen Omogiafo, also commended the group’s operational efficiency and strategic focus, noting that its Q3 results highlight the success of its disciplined approach to growth and value creation.
“Transcorp Group’s Q3 2025 results demonstrate the successful execution of our strategic direction, operational excellence, and portfolio-wide efficiency,” Omogiafo said. “Driven by our core purpose to Improve Lives and Transform Africa, we continue to optimise our businesses to deliver superior stakeholder value.”
She added that Transcorp’s focus on key growth sectors such as power and hospitality positions it as a unique investment gateway into the Nigerian economy. “As Nigeria’s leading conglomerate, with a disciplined approach to corporate strategy, we are positioned to finish the year strong and with strategic momentum. We offer investors sustainable returns and remain committed to championing inclusive economic growth,” Omogiafo stated.
Industry analysts said Transcorp’s strong financial performance shows the resilience of Nigeria’s private sector despite macroeconomic challenges such as inflation, foreign exchange volatility, and energy costs. They noted that the group’s investments in power infrastructure and hospitality are contributing to national development and creating jobs across the country.
Founded in 2004, Transcorp is one of Nigeria’s most diversified conglomerates, with business interests spanning power generation, hospitality, and energy production. The group owns Transcorp Power Limited, which operates one of the country’s major power plants, and Transcorp Hotels Plc, owners of the Transcorp Hilton Abuja and Transcorp Hotels Calabar.
The company’s latest results continue its streak of strong financial growth, demonstrating confidence in its long-term investment strategy and reinforcing its position as a leading player in Nigeria’s corporate landscape.
