Transnational Corporation Plc (Transcorp) has reported a robust financial performance for the third quarter of 2025, recording a revenue of ₦413.4 billion. This marks a 39 percent increase from ₦297.7 billion in the same period last year, highlighting the group’s sustained momentum across its core business segments.
According to the company’s unaudited financial statements for the period ended September 30, 2025, Transcorp’s profit before tax rose by 18 percent to ₦124.5 billion, up from ₦105.5 billion in 2024. Profit after tax also climbed by 20.5 percent to ₦91.4 billion compared to ₦75.9 billion in the previous year, underscoring the company’s operational strength despite economic headwinds.
The conglomerate attributed its strong showing to strategic expansion in power generation and a surge in hospitality revenue, bolstered by the addition of the new 5,000-capacity Transcorp Centre in Abuja. The group’s focus on diversification and value creation has continued to yield positive results, reflecting resilience across multiple sectors of the Nigerian economy.
Commenting on the performance, Transcorp’s Chairman, Tony Elumelu, described the results as evidence of Nigeria’s economic potential and the company’s commitment to sustainable value creation. “Transcorp’s robust revenue and earnings delivery demonstrate the opportunity in the Nigerian economy. Our diversified portfolio continues to offer investors access to key drivers of growth,” he said, adding that the group is well-positioned to leverage the country’s vast opportunities as macroeconomic conditions improve.
Owen Omogiafo, President and Group Chief Executive Officer of Transcorp Plc, echoed this sentiment, emphasizing the company’s focus on execution and efficiency. “Our Q3 2025 results reflect disciplined management and operational excellence. We are on track to close the year strong while delivering sustainable returns to our shareholders,” she said.
source: punch