Transcorp reports strong growth with 39% revenue rise
Transnational Corporation reported revenue climbed 39 percent to 413.4 billion naira in its third quarter results, up from 297.7 billion naira a year earlier. The listed conglomerate said profit before tax reached 124.5 billion naira, an 18 percent gain from 105.5 billion naira in the previous year’s period.
The firm’s power generation facilities increased output while its hospitality division expanded with the 5,000-person Transcorp Centre Abuja. After-tax profit rose 20.5 percent to 91.4 billion naira compared with 75.9 billion naira in 2024. The company held its gross margin at 48 percent through cost controls and pricing adjustments.
Chairman Tony Elumelu said the results show opportunities in the Nigerian economy as the conglomerate maintains positions in the energy and hospitality sectors. President Owen Omogiafo said the performance reflects the group’s strategy and operational focus as it works to close out 2025.
