Transcorp Reports N544 Billion Revenue and N179.5 Billion Profit on Diversified Growth
Transnational Corporation Plc (Transcorp) has posted impressive financial results for the 2025 fiscal year, reporting a revenue of N544.41 billion and a profit before tax of N179.5 billion. The company’s diversified business model, spanning power, hospitality, and energy, helped deliver broad-based growth despite infrastructural challenges and macroeconomic uncertainties.
During a virtual investors’ call, President and Group CEO Owen Omogiafo revealed that revenue grew by 83% year-on-year, while profit rose 31%. She credited disciplined execution and the strength of Transcorp’s diverse portfolio for the solid results. Group CFO Festus Izevbizua added that the company’s audited figures reflect consistent growth over the past five years, with shareholders’ funds increasing by 47% to N353 billion.
Transcorp Power remained the largest contributor, generating about 80% of total revenue. Transcorp Power revenue rose 30% to N398 billion, while TransAfam Power recorded a 102% increase to N85.7 billion thanks to enhanced gas supply and operational efficiency. The hospitality segment also posted strong results, with revenue rising to N97 billion, driven by higher patronage, room demand, and diversified offerings.
Despite the strong performance, Omogiafo acknowledged ongoing operational hurdles, particularly in the power value chain, such as gas infrastructure constraints and vandalism. She emphasized the company’s commitment to collaborating with stakeholders to ensure stable electricity supply and sustain its contributions to national economic growth. The planned Grid Asset Management Company (GAMCO) initiative, she noted, could support improvements if properly implemented.
Looking forward, Transcorp plans to increase operational capacity, deepen partnerships, and expand its hospitality offerings. The company is also advancing its energy strategy, including a 30-megawatt solar mini-grid in Abuja’s FCT. Omogiafo reaffirmed the company’s commitment to growth and shareholder value, stating: “We will continue to drive our growth agenda, deepen our impact, and create sustainable value for all stakeholders.”
source: The guardian