Victor EzejaTransnational Corporation Plc (Transcorp), has released its unaudited financial results for the first quarter (Q1), ended 31 March 2025.
The Transcorp Group recorded a 62 per cent growth in revenue from N88.5 billion in Q1 2024 to N143.7 billion in Q1 2025.
Join our WhatsApp Channel“This strong performance is driven by the exceptional contributions of our subsidiaries,” the firm declared in a statement.
The statement said the power businesses delivered robust revenue growth of 70 per cent year-on-year, reaching N126.8 billion in Q1 2025, up from N74.8 billion in Q1 2024. Notably, Transafam Power, acquired in November 2020, achieved 212 per cent year-on-year revenue growth, from N6.9bn to N21.4 billion.
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Transcorp Hotels delivered a strong performance in Q1 2025, with revenue rising by 52 per cent year-on-year to N21.0 billion, up from N13.8 billion in Q1 2024.
The report indicated that the Gross profit for the Group climbed to N73.31 billion in Q1 2025 from N46.21 billion in Q1 2024.
The Transcorp Group’s Profit before tax (PBT) increased to N49.41 billion from N45.68 billion in Q1, 2024. The Group also had an exceptional income of ₦11.0 billion from the disposal of shares.
“This performance underscores the strength and resilience of our business operations and reaffirms our ability to generate sustainable value for our investors,” the company further stated.
President/GCEO of Transcorp Plc, Dr. Owen Omogiafo, stated: “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.”
Transcorp Group is one of Africa’s leading conglomerates, with 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.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
