Transnational Corporation Plc (Transcorp) has reported a remarkable 39 per cent year-on-year revenue growth, reaching ₦413.44 billion for the nine months ending September 30, 2025. This marks a significant leap from ₦297.66 billion recorded in the same period of 2024. The company’s performance continues to solidify its position as one of Nigeria’s most diversified and resilient conglomerates.
President and Group Chief Executive Officer, Dr. Owen Omogiafo, attributed the strong results to robust performances across Transcorp’s power and hospitality businesses. Speaking during an investor and analyst conference call, she highlighted that the company’s strategic focus and operational efficiency have continued to yield positive results despite Nigeria’s challenging economic environment.
Profit before tax climbed by 18 per cent to ₦124.5 billion, compared to ₦105 billion in 2024, while profit after tax rose by 20 per cent to ₦91.41 billion from ₦76 billion. Omogiafo emphasized that the company’s success reflects the resilience of its business model and its commitment to sustainable growth. “We shall continue to drive the purpose of improving lives and transforming Africa while creating value for all stakeholders,” she affirmed, noting that Transcorp had already exceeded its four-year cumulative revenue target in just nine months.
Chief Financial Officer Festus Izevbizua added that the Group’s total assets grew by 25 per cent to ₦941 billion, up from ₦752 billion at the end of 2024, while shareholders’ funds rose by 14 per cent to ₦309 billion. He acknowledged that the results were achieved despite inflationary pressures and exchange rate volatility, pointing out that Nigeria’s inflation eased to 18.02 per cent in September 2025 from 34.8 per cent in December 2024, following a rebasing of the Consumer Price Index.
The Group’s power business remained the key revenue driver, contributing ₦341.1 billion in revenue and ₦93.2 billion in profit before tax within the nine-month period. Transcorp Power Plc alone recorded a 38 per cent increase in revenue to ₦308.54 billion from ₦223.56 billion in 2024, buoyed by improved generation capacity, which rose from an average of 341MW in 2024 to 420MW in 2025.
source: The Guardian