Transnational Corporation Plc has reported record financial results for the full year ended December 31, 2025, with profit after tax rising 44% to ₦135.9 billion and revenue increasing 33% to ₦544 billion.
The Africa-focused conglomerate, with strategic investments spanning power, hospitality and energy, also crossed the ₦1 trillion total assets mark for the first time in its history. The Group’s total assets rose 33% year-on-year to ₦1.002 trillion, underscoring balance sheet expansion alongside earnings growth.
Transcorp Group, which has a combined market capitalisation of ₦4.78 trillion (approximately $3.54 billion) on the Nigerian Exchange, delivered broad-based growth across all key performance indicators.
Financial Performance
Revenue climbed to ₦544 billion in FY 2025 from ₦408 billion in FY 2024, representing a 33% year-on-year increase. Profit Before Tax rose 31% to ₦179.5 billion, compared with ₦136.7 billion in the prior year, while Profit After Tax surged 44% to ₦135.9 billion, up from ₦94.1 billion.
The Group sustained a gross profit margin of 50.5 percent, reflecting cost discipline, operational efficiency and strategic pricing across its portfolio.
Power and Hospitality Drive Growth
The Group’s power subsidiaries recorded a 38 percent increase in revenue to ₦483.97 billion, driven by enhanced generation capacity and improved gas supply. Transcorp Power Plc increased available capacity to 625 megawatts, while TransAfam Power Limited tripled peak generation capacity to 270 megawatts, strengthening Nigeria’s energy supply.
In hospitality, Transcorp Hotels Plc grew revenue by 38 percent to ₦97.04 billion, supported by strong demand across rooms, conferencing, food and beverage, and premium guest services. The Transcorp Centre Abuja was highlighted as a strategic asset positioning the Group to capture large-scale global events and conferences.
Strengthened Balance Sheet
Shareholders’ Funds increased 47 percent to ₦353.4 billion, reinforcing capital strength. Total borrowings declined 15 percent to ₦75.5 billion, resulting in a conservative gearing ratio of 13 percent. The reduction in leverage alongside asset expansion reflects improved capital structure management.
Chairman Tony O. Elumelu described the 2025 performance as decisive.
“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. Across power, hospitality and energy, we are building platforms that deliver both commercial returns and social impact,” he said.
President and Group Chief Executive Officer Owen Omogiafo said the ₦1 trillion asset milestone validates the strength of the Group’s platform and investor confidence.
“Crossing the ₦1 trillion total assets milestone is a defining achievement—a validation of the strength of our platform and the confidence of our investors. With 47 percent growth in Shareholders’ Funds and sustained profitability, we have closed the year with strong momentum,” she said.
She added that the Group remains committed to delivering sustainable returns while advancing economic development, guided by its purpose to “Improve Lives and Transform Africa.”
