Transnational Corporation Plc (Transcorp) has reported a 44 per cent increase in Profit After Tax to N135.9 billion for the full year ended 2025, up from N94.1 billion recorded in the corresponding period of 2024.
According to its audited results filed with the Nigerian Exchange Limited on Thursday, the conglomerate also surpassed the N1tn mark in total assets for the first time in its history. The group’s revenue rose 33 per cent to N544 billion from N408 billion in FY 2024, while Profit Before Tax (PBT) grew 31 per cent to N179.5 billion compared to N136.7 billion in the previous year.
Power and Hospitality Drive Growth
A breakdown of the results showed that revenue from the group’s power subsidiaries increased 38 per cent to N483.97 billion, supported by improved generation capacity and enhanced gas supply.
In the hospitality segment, Transcorp Hotels Plc recorded a 38 per cent rise in revenue to N97.04 billion, driven by strong performance across rooms, conferencing, food and beverage services, and premium guest offerings.
There was also a 47 percent growth in equity to N353.4 billion, while total borrowings declined 15 per cent to N75.5 billion, bringing the group’s gearing ratio to 13 percent.
Leadership Commentary
Chairman Tony Elumelu described the results as reflective of deliberate diversification and disciplined execution.
“Our 2025 results are not just strong; they are decisive. They reflect the power of a deliberately diversified portfolio, disciplined execution, and our unwavering belief in Nigeria’s long-term potential,” he said.
Elumelu highlighted performance in the power business, noting that Transcorp Power increased available capacity to 625 megawatts, while TransAfam Power tripled peak generation capacity to 270 megawatts.
“These are not incremental gains; they are structural contributions to Nigeria’s energy security and industrial competitiveness,” he stated.
He also pointed to the Transcorp Centre in Abuja as positioning the group to capture future growth in hospitality and large-scale global events.
President and Group Chief Executive Officer Owen Omogiafo said crossing the N1tn asset milestone marked a defining achievement for the company.
“With 47 per cent growth in shareholders’ funds and sustained profitability, we have closed the year with strong momentum,” she said, adding that the group remains committed to delivering sustainable returns while supporting broader economic development.
Transcorp, which has investments spanning power, hospitality and energy, said it will continue optimising its portfolio to create long-term value for shareholders and contribute to Nigeria’s economic transformation.
