Transcorp Group Posts 33% Revenue Growth of N544bn in 2025

Transnational Corporation Plc (Transcorp Group) has reported a 33 per cent surge in revenue to N544 billion for the financial year ended 2025, underscoring a record-breaking performance.
The conglomerate also crossed the N1 trillion total assets milestone for the first time in its history.
The Group, one of Africa’s leading listed conglomerates with strategic investments spanning power, hospitality and energy, announced its audited full-year results on Thursday, posting strong year-on-year growth across key performance indicators. Revenue rose to N544 billion from N408 billion in 2024, reflecting broad-based expansion across its subsidiaries.

Profit before tax climbed 31 per cent to N179.5 billion, up from N136.7 billion in the previous year, while profit after tax surged 44 per cent to N135.9 billion, compared to N94.1 billion recorded in 2024. Gross profit margin remained strong at 50.5 per cent, a performance the Group attributed to disciplined cost control, operational efficiency and strategic pricing initiatives.

Total assets crossed the N1 trillion mark, a historic first for the Group, reinforcing its balance sheet strength. Shareholders’ funds increased 47 per cent to N353.4 billion, while total borrowings declined 15 per cent to N75.5 billion, resulting in a conservative gearing ratio of 13 per cent.
With a combined market capitalisation of N4.78 trillion ($3.54 billion) on the Nigerian Exchange, Transcorp’s performance reflects growing investor confidence in its diversified business model.

The Group’s power subsidiaries delivered particularly strong results, with revenue rising 38 per cent to N483.97 billion. The growth was driven by enhanced generation capacity and improved gas supply. Transcorp Power increased available capacity to 625 megawatts, while TransAfam Power tripled peak generation capacity to 270 megawatts, reinforcing the Group’s role in strengthening Nigeria’s energy security.

In the hospitality segment, Transcorp Hotels Plc recorded a 38 per cent increase in revenue to N97.04 billion, buoyed by strong demand across rooms, conferencing, food and beverage services, and premium guest experiences. The performance further cements the Group’s leadership position in Nigeria’s hospitality sector.

Commenting on the results, the Chairman of Transcorp, Tony Elumelu, described the 2025 performance as decisive.
“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,” he said.
Elumelu noted that across power, hospitality and energy, the Group is building platforms designed to deliver both commercial returns and social impact.

“In power, our integrated energy strategy is translating directly into measurable capacity growth and improved reliability. These are not incremental gains — they are structural contributions to Nigeria’s energy security and industrial competitiveness,” he added.
On hospitality, he said the Transcorp Centre Abuja is redefining Nigeria’s ability to host global events at scale, positioning the Group to capture future growth opportunities. “We remain focused on one outcome: sustainable, long-term value creation — for our shareholders, our partners and for Nigeria’s economic transformation,” he stated.

Also commenting, the President and Group Chief Executive Officer, Owen Omogiafo, said the 2025 performance reflects disciplined strategy execution and operational excellence across the portfolio.
“Crossing the N1 trillion total assets milestone is a defining achievement — a validation of the strength of our platform and the confidence of our investors. With 47 per cent growth in Shareholders’ Funds and sustained profitability, we have closed the year with strong momentum,” she said.

Omogiafo reaffirmed the Group’s commitment to delivering structured access to Nigeria’s growth story for investors while advancing broader economic development.
Guided by its purpose to “Improve Lives and Transform Africa,” Transcorp said it remains focused on optimising its businesses to deliver sustainable returns and long-term stakeholder value, even as it strengthens its position as one of the most capitalised conglomerates on the Nigerian Exchange.