Nigeria’s Transcorp Plc, posts ₦91.4bn Q3 profit, up 20.5%, driven by cost discipline, 39% revenue growth, and expansion in power and hospitality units.
Transnational Corporation Plc (Transcorp), one of Africa’s leading listed conglomerates, has on Monday October 27, 2025, reported a 20.5 percent increase in profit after tax to ₦91.4 billion for the third quarter of 2025, compared with ₦75.9 billion in the same period last year.
The group said the strong performance was underpinned by cost discipline, strategic pricing, and operational efficiency across its diverse business portfolio, which includes power generation, hospitality, and energy.
Revenue rose 39 percent year-on-year to ₦413.4 billion, up from ₦297.7 billion in Q3 2024, while profit before tax climbed 18 percent to ₦124.5 billion, compared with ₦105.5 billion a year earlier. Transcorp also maintained a gross profit margin of 48 percent, reflecting what the company described as “disciplined cost management and efficiency across operations.”
The conglomerate said all subsidiaries contributed to the robust earnings, led by its power division, which expanded capacity at its plants, and its hospitality business, which benefited from the newly opened Transcorp Centre Abuja, a 5,000-capacity events venue.
Chairman Tony O. Elumelu said the latest results affirm Transcorp’s position as a key driver of Nigeria’s economic transformation.
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“Our diversified portfolio continues to offer investors access to the key drivers of Nigeria’s growth potential,” Elumelu said. “As the macroeconomic climate improves, we are well-positioned to take advantage of Nigeria’s extraordinary opportunities.”
He added that Transcorp remains deeply committed to national development through its power and hospitality businesses.
“In power, we are helping close Nigeria’s energy deficit by expanding generation capacity and driving development. In hospitality, we are setting new benchmarks with the Transcorp Centre Abuja,” he said.
Owen Omogiafo, President and Group CEO, described the results as evidence of successful strategy execution and operational excellence.
“Transcorp’s Q3 2025 performance demonstrates the strength of our strategy and the discipline of our execution,” Omogiafo said. “We continue to optimize our businesses to deliver superior stakeholder value while driving sustainable national growth.”
Transcorp, whose investments span key sectors of the Nigerian economy, said it remains focused on sustaining growth momentum into the year’s final quarter while creating long-term value for shareholders.
Africa Daily News, New York
