2025 first quarter: Transcorp Group records impressive growth, revenue increase.

Per the release, Transcorp Group’s first quarter 2025 revenue grew by 59% from N175.4 billion in 2024 to N279.7 billion, while profit before tax grew by 21%, to close at N85.7 billion compared to N70.9 billion recorded in H1 2024.

“Despite continuing economic headwinds, Nigeria’s bellwether stock, with a portfolio that spans power, resources and hospitality continues to deliver for shareholders – and make significant investments in Nigerian infrastructure.  Notable highlights of the period included the launch of the Transcorp Centre in Abuja, Nigeria’s state of the art convention and events centre, which has already hosted international leaders and major regional events,” the release detailed. 

Transcorp Group, the release added, continued its healthy profitability trajectory in HI 2025, with a 21% PBT growth of N85.7 billion, compared to N70.9 billion in the same period last year.

The performance, it was added, saw an increased gross profit margin of 47%, despite economic headwinds.

Zoom on dividend

In line with its commitment to delivering value to shareholders, the Company declared an interim dividend of ₦4.064 billion representing 40 kobo per ordinary share subject to applicable withholding tax.

“Delivering on our impact driven, value creating mission, we continue to advance strategic investments across key sectors in Nigeria,” said the Chairman Transnational Corporation Plc, Tony O. Elumelu. 

He added that: “In power, Transcorp Power and Transafam Power increasingly innovate to improve lives, transforming Nigeria. In hospitality, we continue to delight our clients and redefine our sector, not least with the opening in Abuja of the Transcorp Centre, Nigeria’s superlative events centre”.

Elumelu said the group’s growth “demonstrates the resilience and strength of its diversified business model”. 

“We remain dedicated to achieving our strategic vision, rewarding our valued shareholders, and driving the sustainable transformation of Nigeria's economy,” he stated. 

On her part, the President/Group Chief Executive Officer, Owen Omogiafo, said the “Q2 2025 financial performance reflects our firm commitment to operational excellence and the resilience inherent in our corporate strategy, which has further enhanced our capacity to effectively navigate challenges”.

Omogiafo said this “adaptability has enabled us to thrive within a dynamic business landscape while consistently delivering value to our stakeholders”. 

She said with the group’s new 5,000-seat capacity event centre, “we are positioning Nigeria as the epicentre of high-scale conferences and events, including hosting the recently concluded AFREXIM Annual Meetings 2025”.

She added that: “We continuously explore innovative ways to further accelerate our growth trajectory while strengthening our leadership in Nigeria’s power, hospitality, and energy sectors”.

About Transnational Corporation Plc

Transnational Corporation Plc (Transcorp Group) is one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.

Transcorp’s power businesses, Transcorp Power Plc and Transafam Power, provide over 20% of Nigeria’s installed power capacity. 

Transcorp is committed to developing Nigeria’s domestic energy value chain through its investments in OPL281. 

The Group’s hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and has launched the digital platform Aura by Transcorp Hotels.

This article was first published in The Guardian Post Edition No:3525 of Wednesday August 06, 2025.