Transnational Corporation Plc (Transcorp Group) has announced a significant 39 percent increase in its revenue, driven by the outstanding performance of its power and hospitality subsidiaries. The conglomerate’s latest financial report reflects the resilience and strategic strength of its diversified portfolio, which continues to perform strongly despite Nigeria’s volatile economic conditions.
According to the company’s unaudited financial statement for the nine months ending September 2025, Transcorp recorded total revenue of ₦413.4 billion, up from ₦297.4 billion in the same period of 2024. This sharp rise in earnings highlights the company’s success in optimizing operations across its subsidiaries, particularly in the energy and hospitality sectors, which remain the pillars of its business growth.
Group Chief Executive Officer, Dr. Owen Omogiafo, described the results as evidence of Transcorp’s strategic discipline, operational efficiency, and innovation-driven expansion. She emphasized that the company’s consistent growth trajectory is anchored on its ability to adapt to market realities while pursuing long-term sustainability. “Our results show the strength of our diversified business model. We have continued to deliver strong performance despite inflationary pressures, exchange rate challenges, and economic uncertainties,” she said.
The power subsidiary, Transcorp Power Limited, contributed the largest share to the group’s overall earnings, with improved energy generation and sales boosting performance. The company said that power generation levels have remained strong, supported by ongoing investments in plant maintenance and efficiency upgrades. Enhanced operational reliability, coupled with increased dispatch to the national grid, helped push the power business to record revenue levels.
In the hospitality segment, Transcorp Hotels Plc, the operator of Transcorp Hilton Abuja and other high-profile hospitality assets, also delivered an exceptional performance. Revenue from this division rose by more than 40 percent, reflecting a rebound in Nigeria’s travel, tourism, and events industries. The hospitality subsidiary benefited from increased room occupancy, improved service delivery, and the continued success of its digital hospitality platform, Aura by Transcorp Hotels.
Omogiafo explained that the hospitality arm’s resurgence demonstrates the effectiveness of management’s strategy to diversify its service offerings and enhance customer experience through digital innovation. “Our hospitality brand continues to stand out in Nigeria and across Africa. We have remained committed to redefining guest experiences while leveraging technology to create seamless service delivery,” she said.
The CEO also highlighted the company’s ongoing commitment to sustainability and innovation, noting that Transcorp has intensified investments in renewable and cleaner energy sources as part of its long-term growth plan. She added that the group’s expansion into gas-to-power initiatives is a strategic step toward reducing carbon emissions and supporting Nigeria’s energy transition.
The conglomerate’s profitability also reflected its operational success. Profit before tax rose significantly, supported by strong revenue inflows and prudent cost management. The company’s cost-to-income ratio improved as it maintained a focus on efficiency and resource optimization across all business lines. Market analysts described Transcorp’s latest performance as an encouraging sign of the company’s financial health and resilience.
Financial experts said Transcorp’s diversified structure continues to provide a hedge against economic shocks, allowing it to maintain consistent performance across business cycles. According to them, the company’s strong showing in both the power and hospitality sectors has positioned it as one of Nigeria’s most valuable conglomerates and a key player in driving industrial growth.
Transcorp also reiterated its commitment to creating long-term shareholder value. Omogiafo assured investors that the company’s robust earnings will translate into sustained returns and stronger capital appreciation. “We remain focused on value creation and on strengthening our balance sheet to support future expansion. Our shareholders are at the center of everything we do,” she said.
On the energy side, the company revealed that plans are underway to expand its generation capacity and explore new partnerships to improve efficiency in electricity supply. Transcorp’s investment in gas supply infrastructure and plant optimization is expected to enhance reliability and increase its contribution to Nigeria’s power generation capacity.
In the hospitality division, Transcorp Hotels Plc is also progressing with its nationwide expansion drive, with new developments aimed at capturing the growing domestic tourism and business travel markets. The company said its investments in technology, sustainability, and service excellence will continue to drive profitability and enhance brand recognition across the continent.
Investors reacted positively to the group’s financial disclosure, with Transcorp’s shares recording gains on the Nigerian Exchange Limited (NGX) following the announcement. Market watchers believe the company’s consistent upward trajectory reinforces investor confidence and highlights its strategic role in Nigeria’s economic landscape.
Analysts from Lagos-based investment firm CardinalStone Partners said Transcorp’s ability to deliver double-digit growth despite macroeconomic headwinds reflects sound leadership and strategic focus. “Transcorp’s performance is a strong indication that its management has mastered the art of navigating Nigeria’s complex business environment. Their execution strategy, particularly in the power and hospitality sectors, continues to yield impressive results,” the report noted.
As the company continues to expand its footprint, Omogiafo reaffirmed Transcorp’s mission of “improving lives and transforming Africa through strategic investments in key sectors.” She stated that the group will sustain its focus on innovation, sustainability, and community impact while pursuing growth across new frontiers.
With a 39 percent surge in revenue, robust sectoral performance, and continued expansion, Transcorp has once again demonstrated its ability to thrive in a challenging economy, solidifying its position as one of Nigeria’s leading conglomerates driving national development.
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