Transnational Corporation Plc (Transcorp) has reported strong financial performance for the nine months ended September 30, 2025, posting a 39 per cent rise in revenue to N413.44 billion, compared with N297.66 billion in the corresponding period of 2024.
The Group President/CEO, Dr. Owen Omogiafo, disclosed this during an investor and analyst briefing on Tuesday, attributing the growth to improved output in its power subsidiary and sustained recovery in its hospitality business.
Profit before tax rose to N124.5 billion, an 18 per cent increase from N105 billion recorded in the same period last year, while profit after tax grew by 20 per cent to N91.41 billion from N76 billion.
Omogiafo said the performance reflects the resilience of Transcorp’s operating strategy amid ongoing macroeconomic pressures.
“We remain focused on delivering sustainable value. Our ability to surpass our four-year cumulative revenue target in just nine months underscores the strength of our execution,” she said.
The Group’s Chief Financial Officer, Festus Izevbizua, announced that total assets climbed by 25 per cent to N941 billion, up from N752 billion in December 2024, while shareholders’ funds rose to N309 billion, representing a 14 per cent increase.
He noted that although the operating environment remained tough, inflation had eased to 18.02 per cent in September 2025 from 34.8 per cent in December 2024, following adjustments to the Consumer Price Index.
Transcorp’s power business continued to anchor Group performance, generating N341.1 billion in revenue and N93.2 billion in profit before tax within the nine-month period—exceeding its full-year results in 2024.
Transcorp Power Plc specifically recorded a 38 per cent rise in revenue, driven by higher power generation output, which increased from an average 341MW in 2024 to 420MW in 2025.
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