Segun Atanda/
Transnational Corporation Plc (NGX: TRANSCORP), Nigeria’s foremost conglomerate, has kicked off the 2025 financial year on a powerful note, reporting a profit of N73.31 billion for the first quarter ended March 31—up significantly from N46.21 billion in the same period last year.
The Group’s revenue surged by an impressive 62% year-on-year to N143.7 billion, fueled by stellar performances from its power and hospitality subsidiaries. The power segment, comprising Transcorp Power Plc and Transafam Power, accounted for the lion’s share with N126.8 billion in Q1 revenue—representing a 70% growth from N74.8 billion in Q1 2024. Transafam Power alone posted a staggering 212% increase in revenue, jumping from N6.9 billion to N21.4 billion.
Transcorp Hotels also contributed to the Group’s upward trajectory, recording a 52% revenue increase to N21.0 billion, compared to N13.8 billion in the previous year.
The Group’s Profit Before Tax (PBT) stood at N49.41 billion, reflecting a strong core business performance, especially when compared with Q1 2024’s N45.68 billion, which included an exceptional one-time income of N11.0 billion from a share disposal.
Commenting on the results, Dr. Owen D. Omogiafo, OON, President and Group CEO of Transcorp Plc, said: “Our Q1 2025 financial results underscore the strength of our execution, resilient business model, and unwavering commitment to delivering sustained value to our shareholders, even in a challenging market landscape.”
With strategic investments in power, hospitality, and energy, Transcorp continues to assert its dominance in key sectors of the Nigerian economy. The Group’s assets include over 20% of Nigeria’s installed power capacity and flagship properties like the Transcorp Hilton Abuja and the innovative Aura by Transcorp Hotels platform.
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