MON OCT 27 2025-theGBJournal| Transnational Corporation Plc (Transcorp Group) posted financial results for the third quarter of 2025, showing sharp rise in profit before tax, despite absorbing N8.76 billion impairment loss on financial assets.
Transcorp Group pre-tax profit rose 18% to N124.5 billion, up from N105.5 billion in Q3 2024, as the conglomerate major operating units scored significant growth.
Profit after tax rose 20.5%, reaching N91.4 billion, compared to N75.9 billion in 2024.
Growth was reported in power generation capacity at the Group’s power plants.
The Group also saw expansion in the hospitality revenue stream with the inclusion of the 5,000-capacity Transcorp Centre Abuja.
Overall, the Transcorp Group’s revenue surged 39% year-on-year, rising from N297.7 billion in Q3 2024 to N413.4 billion in Q3 2025.
The Group maintained a gross profit margin of 48%, reflecting disciplined cost management and strategic pricing across its business units, underpinned by a strong ethos of operational efficiency.
Chairman Tony O. Elumelu, speaking on the performance said, the Group’s robust revenue and earnings delivery, demonstrates the opportunity in the Nigerian economy.
He highlighted the impact of the business diversified portfolio, which he said 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,” Elumelu added.
CEO Dr. Owen Omogiafo echoed Elumelu’s sentiment of the Group’s eaernings performance.
”“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,” he said.
Omogiafo equally holds a positive outlook view.
”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.”
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