Indigenous conglomerate Transnational Corporation Plc has reported a 39 per cent increase in its revenue at the close of the third quarter of 2025 to N413.4bn from N297.7bn in Q3 2024.
According to a statement from the group following the filing of its Q3 results with the Nigerian Exchange Limited, power generation and its hospitality businesses were highlighted.
Transcorp said in the period under review, all operating units recorded significant growth, with the increased power generation capacity at the group’s power plants and expansion in the hospitality revenue stream with the inclusion of the 5,000-capacity Transcorp Centre Abuja.
The group’s Profit Before Tax grew 18 per cent to close at N124.5bn compared to N105.5bn in the same period last year. Similarly, Profit After Tax increased 20.5 per cent to reach N91.4bn, compared to N75.9bn in Q3, 2024.
Speaking on the financial performance of the group, the chairman, Tony Elumelu, said, “Transcorp’s robust revenue and earnings delivery demonstrates the opportunity in the Nigerian economy. Our diversified portfolio continues to offer investors access to key drivers of Nigeria’s growth opportunity. As the macroeconomic climate improves, the Group is well-positioned to take advantage of Nigeria’s extraordinary potential. We are executing our impact-driven mandate through strategic investments that solidify our leadership in Nigeria’s vital sectors. Our diversified model continues to demonstrate resilience, generating significant value.
“In power generation and distribution, we are closing the energy deficit in Nigeria, propelling national development. We increased our power generation capacity at all our plants, and we remain committed to powering Nigerians out of poverty. In hospitality, we are redefining excellence, with the landmark Transcorp Centre Abuja setting a new standard for world-class events. We remain unrelenting in our commitment to delivering superior shareholder returns and driving the long-term transformation of Nigeria’s economy.”
The President/Group Chief Executive Officer of Transcorp Plc, Dr. Owen Omogiafo, added, “Transcorp Group’s Q3 2025 results demonstrate the successful execution of our strategic direction, operational excellence and portfolio-wide efficiency. Driven by our core purpose to ‘Improve Lives and Transform Africa’, we continue to optimise our businesses to deliver superior stakeholder value.
“As Nigeria’s leading conglomerate, with a disciplined approach to excellent corporate strategy, we are positioned to finish the year with strength and strategic momentum. We offer investors unique access to the Nigerian economy, delivering sustainable returns for our shareholders and championing economic growth.”
