Transnational Corporation Plc (Transcorp Group) has announced a remarkable revenue of ₦413.4 billion for the nine months ending September 2025, reflecting the group’s continued growth trajectory across its power, energy, and hospitality businesses. The conglomerate’s latest financial report underscores its resilience and strategic diversification in Nigeria’s challenging economic environment.
According to the unaudited results released to the Nigerian Exchange Limited (NGX), Transcorp recorded significant growth in revenue, driven primarily by its power generation and hospitality segments. The performance represents a substantial year-on-year increase compared to the ₦291.2 billion recorded during the same period in 2024.
The company’s Group Chief Executive Officer, Dr. Owen Omogiafo, attributed the impressive results to disciplined execution, operational efficiency, and strategic investments in key sectors of the economy. “Our consistent performance demonstrates the strength of our business model and our ability to create long-term value for our stakeholders. We remain focused on improving operational capacity, driving innovation, and expanding our business footprint,” she said.
Transcorp’s power subsidiary, Transcorp Power Limited, emerged as a key driver of revenue, contributing over 70 percent of the group’s total earnings. The power unit benefited from improved generation capacity and enhanced grid stability, enabling higher dispatch levels to the national grid. Omogiafo highlighted that the company’s ongoing investments in power infrastructure, including the rehabilitation of key turbines and capacity expansion initiatives, have significantly boosted output and reliability.
The hospitality arm of the group, Transcorp Hotels Plc, also recorded notable growth, supported by a rebound in Nigeria’s travel and tourism sector. Increased patronage from both local and international guests, along with the success of its digital booking platform Aura by Transcorp Hotels, contributed to strong revenue gains. The segment’s revenue rose by over 40 percent, reflecting improved occupancy rates and better cost management strategies.
In addition to the revenue growth, Transcorp’s profit before tax also surged, underscoring the conglomerate’s commitment to efficiency and financial prudence. Analysts note that the company’s balanced portfolio—spanning power, oil and gas, hospitality, and agribusiness—has positioned it to weather macroeconomic headwinds and leverage growth opportunities in strategic sectors.
Dr. Omogiafo reaffirmed Transcorp’s long-term vision of “improving lives and transforming Africa through strategic investments in key sectors.” She explained that the group continues to explore new ventures in renewable energy and gas-to-power initiatives as part of its sustainability agenda. “We are aligning our growth strategy with Nigeria’s energy transition goals by investing in cleaner and more efficient energy sources,” she added.
The company also reiterated its commitment to shareholders, noting that its strong financial performance will translate into increased value creation through dividends and capital appreciation. Transcorp’s shareholders have continued to benefit from consistent growth in earnings and asset base, reflecting management’s focus on sustainable profitability.
In the capital market, investors responded positively to the group’s financial disclosure, with Transcorp shares witnessing moderate gains following the announcement. Market analysts commended the conglomerate’s leadership for maintaining strong performance across multiple business lines despite economic challenges such as inflation, foreign exchange volatility, and rising operating costs.
Transcorp’s performance aligns with its recent expansion drive, including strategic partnerships aimed at deepening its presence in the energy and hospitality sectors. The company’s ongoing collaboration with international energy firms and technology providers is expected to enhance efficiency, reduce emissions, and improve service delivery.
Financial experts have described Transcorp’s ₦413.4 billion revenue milestone as a reflection of strong corporate governance and visionary leadership. They note that the company’s success underscores the growing importance of diversified conglomerates in driving Nigeria’s industrial and economic transformation.
Looking ahead, Transcorp said it remains committed to leveraging innovation and strategic investments to sustain growth momentum. The group is also focusing on digital transformation, capacity expansion, and green energy initiatives to solidify its leadership position in Nigeria’s energy and hospitality markets.
Omogiafo concluded by reiterating the company’s confidence in the nation’s economic recovery and its determination to contribute meaningfully to national development. “We believe in Nigeria’s potential. Through consistent innovation, investment, and strategic execution, we are building a stronger, more sustainable Transcorp that delivers value to all stakeholders,” she said.
With its ₦413.4 billion revenue record, Transcorp has reaffirmed its status as one of Nigeria’s most profitable and resilient conglomerates, reinforcing investor confidence and setting a strong pace for full-year performance.
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