Africa’s leading listed conglomerate, Transnational Corporation Plc, has reported a 39 per cent increase in revenue to ₦413.4 billion in the third quarter (Q3) of this year.
This is contained in the Transcorp Group’s unaudited Q3 2025 financial results released to the investing public on Monday, October 27.
A review of the results shows that the conglomerate delivered strong growth across business lines, which include power generation and hospitality businesses, maintaining a strong growth trajectory, driven by a resilient business strategy and operational excellence.
Key highlights of its financial performance
Transcorp Group’s revenue grew to ₦413.4 billion, representing a 39 per cent rise from ₦297.7 billion in Q3 2024.
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Its gross profit rose to ₦196.6 billion from ₦132.9 billion, leaving the gross profit margin at 48 per cent, reflecting its discipline in cost management and strategic pricing across its business units.
This financial efficiency shows that the company kept 48 kobo for every one naira of revenue it earns after accounting for production costs, Pinnacle Daily can analyse.
All its 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.
As such, the Transcorp Group sustained profitability, increasing its profit before tax by 18 per cent to ₦124.5 billion, up from ₦105.5 billion.
The profit after tax rose by 20.5 per cent, reaching ₦91.4 billion, compared to ₦75.9 billion in September 2024.
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Commenting on the Q3 results, the Chairman, Tony Elumelu, said, “Transcorp’s robust revenue and earnings delivery demonstrate the
opportunity in the Nigerian economy. Our diversified portfolio continues to offer investors access to key drivers of Nigeria’s growth opportunity. As the macro-economic 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 CEO, 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.”
Alex is a business journalist cum data enthusiast with the Pinnacle Daily. He can be reached via ealex@thepinnacleng.com, @ehime_alex on X
