Profit After Tax Surges 44% to ₦136 Billion | Revenue Up 33% to ₦544 Billion
Lagos, Nigeria – February 26, 2026 – Transnational Corporation Plc (“Transcorp Group” or the “Company”), (NGX: TRANSCORP), Africa’s leading listed conglomerate with strategic investments in power, hospitality and energy, today announced its audited Full Year 2025 results, delivering record financial performance across all business lines and crossing the ₦1 trillion total assets milestone for the first time in the Group’s history.
The Group, with a combined market capitalisation of ₦4.78 trillion ($3.54 billion) on the Nigerian Exchange, recorded strong year-on-year growth across all key metrics. Revenue increased by 33% to ₦544 billion (FY 2024: ₦408 billion). Profit Before Tax rose 31% to ₦179.5 billion (FY 2024: ₦136.7 billion), while Profit After Tax surged 44% to ₦135.9 billion (FY 2024: ₦94.1 billion)
Key Highlights
- Record Revenue Growth
- Revenue of ₦544 billion, up 33% year-on-year
- Power subsidiaries’ revenue grew 38% to ₦483.97 billion, driven by enhanced generation capacity and improved gas supply
- Transcorp Hotels Plc revenue increased 38% to ₦97.04 billion, supported by strong demand across rooms, conferencing, food & beverage, and premium guest experiences
- Sustained Profitability
- Profit Before Tax up 31% to ₦179.5 billion
- Profit After Tax up 44% to ₦135.9 billion
- Gross profit margin sustained at 50.5%, reflecting disciplined cost control, operational efficiency, and strategic pricing.
- Strengthened Balance Sheet
- Total assets crossed ₦1 trillion, rising 33% to ₦1.002 trillion
- Shareholders’ Funds increased 47% to ₦353.4 billion
- Total borrowings reduced 15% to ₦75.5 billion, with a healthy gearing ratio of 13%
Chairman’s Statement
Tony O. Elumelu, CFR, Chairman, Transnational Corporation Plc
“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.
In power, our integrated energy strategy is translating directly into measurable capacity growth and improved reliability. Transcorp Power increased available capacity to 625MW, while TransAfam Power tripled peak generation capacity to 270MW. These are not incremental gains — they are structural contributions to Nigeria’s energy security and industrial competitiveness.
In hospitality, we continue to set the standard for excellence. The Transcorp Centre Abuja is redefining Nigeria’s capacity to host global events at scale and positioning our Group to capture significant future growth.
We remain focused on one outcome: sustainable, long-term value creation. For our shareholders. For our partners. And for Nigeria’s economic transformation.”
President/Group CEO’s Statement
Dr. Owen Omogiafo, OON, President/Group CEO
“Transcorp Group’s FY 2025 performance reflects disciplined strategy execution and operational excellence across our portfolio. 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% growth in Shareholders’ Funds and sustained profitability, we have closed the year with strong momentum.
Guided by our purpose to ‘Improve Lives and Transform Africa,’ we continue to optimise our businesses to deliver superior stakeholder value. We provide investors with structured access to the Nigerian growth story and remain firmly committed to delivering sustainable returns while advancing broader economic development.”
-END-
About Transnational Corporation Plc (Transcorp Group)
Transnational Corporation Plc (Transcorp Group) is one of Africa’s leading listed conglomerates, with strategic investments in power, hospitality and energy, driven by its mission to improve lives and transform Africa.
The Group’s power businesses—Transcorp Power Plc and TransAfam Power—provide over 20% of Nigeria’s installed power capacity. Transcorp is also advancing Nigeria’s domestic energy value chain through its investment in OPL281. Its hospitality subsidiary, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja and the landmark Transcorp Centre Abuja