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  • Transcorp power records 30 percent year-on-year revenue growth, reaches N398.27bn

    Transcorp power records 30 percent year-on-year revenue growth, reaches N398.27bn

    Transcorp Power Plc has announced its audited financial results for the year ended December 31, 2025, recording a revenue of ₦398.27 billion for the period from ₦305.94 billion in FY 2024 indicating robust growth.

    The revenue went up by 30 percent from ₦305.94 billion in FY 2024). Gross profit of ₦162.44 billion (up 14% Year on Year from ₦142.21 billion in FY 2024) was also recorded.

    The profit after tax stood at ₦91.42 billion (up 14% Year on Year from ₦80.01billion in 2024).

    The Earnings per Share (EPS) was ₦12.19 ((up from ₦10.67 in 2024) while total assets went up to ₦563.48 billion (up 42% from ₦396.78 billion in FY 2024).

    The company stated the performance drivers include: The return of GT20, adding 100MW to the national grid from January 3, 2025, significantly improved overall generation output as well strengthened financial position by paying off over ₦7 billion in borrowings, demonstrating disciplined financial management and commitment to reducing leverage.

    Read Also: Transcorp hotels Plc posts ~N100bn in 2025, grows profit by 49 percent

    Chairman Board of Directors Transcorp Power Plc Emmanuel Nnorom said: “We remain dedicated to improving lives and transforming Africa, ensuring operational excellence and making strategic investments that deliver sustainable, long-term value to our shareholders, while also powering Nigeria’s socioeconomic development.”

    “The confidence in our financial position allows us to propose a full year dividend of ₦5.50k per share for 2025 comprising an interim dividend of ₦1.50k paid on August 18, 2025, and a final of ₦4.00k, representing a 10 per cent increase from the previous year dividend.”

    MD/CEO of the company, Peter Ikenga said: “Our FY 2025 results reflect our steadfast commitment to operational excellence, sustainable growth, strategic market expansion and enhanced generation capacity, which continue to fuel significant revenue growth, enabling us to consistently generate power to the national grid.

    During the year, we increased our average available capacity from 417MW to 550MW and improved average generation output despite grid and transmission line-related issues.

    “Notwithstanding the network transmission line issues, our FY 2025 performance remained strong and reflects our steadfast commitment to operational excellence and sustainable growth.

    Our confidence in the future trajectory of Transcorp Power Plc to deliver exceptional value to our shareholders remains unwavering.

    We will continue to work with relevant stakeholders, particularly Transmission Company of Nigeria, to strengthen the transmission lines and improve evacuation from our plant in 2026 and beyond.”

  • Transcorp lists drivers of Q3 performance

    Transcorp lists drivers of Q3 performance

    Transnational Corporation of Nigeria (Transcorp) Plc has listed key drivers of the sterling performance it achieved in its unaudited third quarter 2025 financial results.

    Speaking yesterday during the investors’ call and Transcorp Q3 Analyst Presentation, President and Group Chief Executive Officer, Transnational Corporation of Nigeria (Transcorp) Plc, Dr. Owen Omogiafo, said Electricity Act 2023 which enabled state level regulation, allowing states to develop their own electricity markets and attract localised investments, supported the group’s operations.

    On its own, the group upgraded operational efficiency through continuous process improvement initiatives.

    Likewise, the growth in grid-connected generation capacity, with average available capacity rising to 5,639 MW and plant availability factor improving to 41 per cent also boosted the business success.

    Omogiafo said that the Group has secured government building approval for the Transcorp Ikoyi Hotel.  “One of the great strides we’ve made is that we’ve secured the government building approval and received the government’s consent for that development. As you know, the development is across 24 floors. We’re going to have 900-seater ballroom, modernized back of house facilities,“ she said.

    She said that Heirs Energies Limited has been instrumental to the turnaround of the Transafam Power Limited, because they usually supply the plants the necessary gas to keep the turbines running effectively. That has led to a turnaround in the amount of power being generated and supplied to the grid.

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    Transcorp reported a 39 per cent increase in revenue to N413.4 billion in its unaudited third quarter 2025 financial results.

    The growth also delivered strong growth across business lines as Profit Before Tax (PBT) grew by 18 per cent, closing at N124.5 billion, compared to N105.5 billion in the same period last year.

    Transcorp Group maintained its strong growth trajectory, driven by the Company’s resilient business strategy and operational excellence.

    Other key highlights of the results showed that all operating units recorded significant growth, with the increased power generation capacity at the Group’s power plants and expansion in the hospitality revenue stream with the inclusion of the 5,000-capacity Transcorp Centre Abuja.

    The group profit before tax rose by 18 per cent to N124.5 billion, up from N105.5 billion in third quarter 2024 while profit after tax increased by 20.5 per cent, reaching N91.4 billion, compared to N75.9 billion in 2024.

    ”The Group maintained a gross profit margin of 48 per cent, reflecting disciplined cost management and strategic pricing across its business units, underpinned by a strong ethos of operational efficiency.

    Continuing, Omogiafo said Transcorp Group continues to grow its revenue and profitability with a strong sense of focus on corporate governance and due diligence in its operations.

    He said: “Nigeria needs all the energy sources that it can get. We are rich in oil and gas. We’ll leverage it. We have solar. We’ll leverage it. We have hydro, we will leverage it, and that is what we’re going to do. So overall, for us in Transcorp, we shall continue to drive the purpose of improving lives and transforming Africa, creating value for all our stakeholders.”

    She explained that surpassing full year revenue just in nine months, remains an impressive outing which continues to excite investors.

    Speaking on the renewable energy sector opportunities, Omogiafo said: “But perhaps, let me just pull your attention to the value that is coming up in the renewable energy space. Today, in Nigeria, the grid takes only about five gigawatts of power, but we know that Nigeria needs over 50 gigawatts of power, and we also have evidence that there’s 41 gigawatts of power that is being produced independently by people. That tells you there is significant value that is still coming up.”

  • Africa must scale up energy supply quickly, says Transcorp CEO

    Africa must scale up energy supply quickly, says Transcorp CEO

    A call for Africa’s inclusion on energy access received a boost at the ongoing 9th Edition of the Future Investment Initiative (FII9) where Transcorp’s President/Group Chief Executive Officer, Dr Owen D. Omogiafo, spoke on the evolving nature of the global “Energy Trilemma” during a high-level plenary session.

    The discussion at the annual forum hosted in Riyadh, Saudi Arabia, focused on the imperative of maintaining energy security to power economic growth, including the AI revolution, while ensuring a sustainable energy future.

    Omogiafo, who spoke alongside global energy leaders across Europe, the United States, the Middle East and Asia, on the topic: “Board of Changemakers: The Energy Trilemma,” said Africa needs to improve its energy supply, and quickly too.

    Read Also: Transcorp Hilton hosts media executives, reaffirms commitment to strong partnership

    “I am from Nigeria, and my company is driving energy transformation. What we are looking at is not so much about whether we are transiting; it is creating greater access to energy for all. The gap is huge, and we all need to be conscious of it in energy conversations,” she said, highlighting Africa’s energy deficiency challenge.

    “It will interest you to know that about 70 or 80 per cent of people with no access to electricity are in Africa, which is very disturbing, I believe. Today, the world is concerned about immigration. The people who are migrating are not migrating because they hate their homes, or because they hate their families, but because they feel they have to.”

    Owen reiterated to the audience that Africa’s priority remains “increasing the access to power and driving greater inclusion.” She said: “Affordability is right up there, and I will also tell you, the numbers we run in Nigeria, renewable is not cheaper for us.

    “The only renewable that today is cheaper is the hydro and that’s because it’s been made a long time ago, the investment is already there, we have got the water but when I look at the statistics of my country Nigeria, just 12% of the power that goes to the grid comes from hydro, the remaining is from fossil, gas fired powered plants.”

    Reflecting on the panel, Owen affirmed that “It is not either-or; we (Africa) do need to expand access, leveraging technologies including off-grid and mini grid sources to ensure that the Continent that has the largest number of young people in the world, is included in the energy solutions, with industrialisation at the core of it.”

    She emphasised that for Africa, the solution must be pragmatic and inclusive. We must secure affordable power today to drive the development that will enable the sustainable energy systems of tomorrow.

  • Transcorp Group records 39 percent revenue growth in Q3 2025

    Transcorp Group records 39 percent revenue growth in Q3 2025

    Transnational Corporation Plc (“Transcorp Group” or the “Company”), (NGX: TRANSCORP), Africa’s leading listed conglomerate, has announced its unaudited Q3 2025 financial results, delivering strong growth across business lines.

    The Group recorded a 39% year-on-year increase in revenue, rising from ₦297.7 billion in Q3 2024 to ₦413.4 billion in Q3 2025. Profit Before Tax (PBT) grew by 18%, closing at ₦124.5 billion, compared to ₦105.5 billion in the same period last year.

    Transcorp Group maintained its strong growth trajectory, driven by the Company’s resilient business strategy and operational excellence.

     All operating units recorded significant growth, with the increased power generation capacity at the Group’s power plants and expansion in the hospitality revenue stream with the inclusion of the 5,000-capacity Transcorp Centre Abuja.

     Profit Before Tax rose by 18% to ₦124.5 billion, up from ₦105.5 billion in Q3 2024.

    Profit After Tax increased by 20.5%, reaching ₦91.4 billion, compared to ₦75.9 billion in 2024.

    The Group maintained a gross profit margin of 48%, reflecting disciplined cost management and strategic pricing across its business units, underpinned by a strong ethos of operational efficiency.

    Read Also: Transcorp Hotels recorded N22.4billion profit in third quarter

    Chairman. Transnational Corporation Plc Tony Elumelu said: “Transcorp’s robust revenue and earnings delivery demonstrates the opportunity in the Nigerian economy. Our diversified portfolio continues to offer investors access to key drivers of Nigeria’s growth opportunity.

    “As the macro-economic climate improves, the Group is well-positioned to take advantage of Nigeria’s extraordinary potential. We are executing our impact- driven mandate through strategic investments that solidify our leadership in Nigeria’s vital sectors. Our diversified model continues to demonstrate resilience, generating significant value.

    “In power generation and distribution, we are closing the energy deficit in Nigeria, propelling national development. We increased our power generation capacity at all our plants, and we remain committed to power Nigerians out of poverty. In hospitality, we are redefining excellence, with the landmark Transcorp Centre Abuja setting a new standard for world-class events. We remain unrelenting in our commitment to delivering superior shareholder returns and driving the long-term transformation of Nigeria’s economy.”

    President/ Group CEO of Transcorp Plc Dr Owen Omogiafo, said:  “Transcorp Group’s Q3 2025 results demonstrate the successful execution of our strategic direction, operational excellence and portfolio-wide efficiency. Driven by our core purpose to “Improve Lives and Transform Africa”, we continue to optimise our businesses to deliver superior stakeholder value.

    “As Nigeria’s leading conglomerate, with a disciplined approach to excellent corporate strategy, we are positioned to finish the year with strength and strategic momentum. We offer investors unique access to the Nigerian economy, delivering sustainable returns for our shareholders and championing economic growth.”

  • Transcorp hotels PLC’s reports 49 percent revenue growth, N22.4bn profit before tax for Q3

    Transcorp hotels PLC’s reports 49 percent revenue growth, N22.4bn profit before tax for Q3

    Transcorp Hotels Plc (“Transcorp Hotels” or “the Company”) (NGX: TRANSCOHOT), the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has announced its unaudited results for the 3rd quarter ended September 30, 2025, recording outstanding performance across key metrics.

    The Company delivered ₦72.31 billion in revenue, a 49% increase from ₦48.49 billion in Q3 2024, while Profit Before Tax (PBT) surged 36% to ₦22.4 billion.

    This strong performance reflects Transcorp Hotels’ sustained focus on operational excellence, cost efficiency and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector.

    Read Also: Transcorp Hotels Plc secures triple honours at seven star luxury awards

    The recently commissioned 5,000-seat Transcorp Centre is fast positioning Nigeria as Africa’s hub for world-class Meetings, Incentives, Conferences, and Exhibitions (MICE).

    Chairman, Transcorp Hotels Plc, Emmanuel Nnorom, said: “This impressive Q3 performance underscores our time-tested strategy focused on cost discipline, operational efficiency, and putting the customer at the heart of everything we do. We remain committed to delivering sustainable profitability and long-term value for our investors.”

    Managing Director/CEO, Transcorp Hotels Plc, Uzo Oshogwe, added: “Our Q3 2025 results reflect our unwavering drive for excellence and our commitment to redefining hospitality in Africa.

    “With the success of our newly commissioned 5,000-seat event centre, we are proud to be positioning Nigeria as the preferred destination for global conferences and events, while scaling sustainable value for our shareholders.”

    With its iconic hospitality assets and dedicated team, Transcorp Hotels continues to strengthen its leadership in the sector, setting new standards for growth, innovation, and service excellence in the power, hospitality, and energy sectors. Transcorp Hotels is redefining hospitality standards in Africa through its businesses, including the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and digital platform, Aura by Transcorp Hotels.

  • Transcorp Hotels Plc secures triple honours at seven star luxury awards

    Transcorp Hotels Plc secures triple honours at seven star luxury awards

    Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reinforced its leadership in African luxury hospitality with triple win at the globally renowned Seven Star Luxury Awards.

    At the grand celebration of luxury recently in Tróia, Portugal, over the weekend, Transcorp Hotels earned three distinguished awards.

    Read Also: Transcorp Power grows revenue by 38 per cent to N308.5 billion in Q3

    The awards include: Best Luxury Business Hotel (Nigeria & Africa); Best Luxury Event and Conference Centre (Nigeria & Africa)  The Transcorp Centre  and l  Best CEO of the Year – Uzoamaka Oshogwe, Managing Director/Chief Executive Officer, for transformative leadership and visionary growth strategy

    The Awards, which set the standard for excellence in the industry, are consistent with Transcorp Hotels Plc’s capacity to deliver premium, end-to-end hospitality experiences for business, diplomatic, and lifestyle clientele across the continent.

    MD/CEO of Trans corps Hotels Plc Uzoamaka Oshogwe,, said: “These awards are more than symbols of success; they represent a shared commitment to redefining African hospitality. At Transcorp Hotels, we continue to push boundaries, invest in innovation, and position Nigeria as a global destination for world-class business and leisure experiences.”

    The awards celebrate the pinnacle of achievement in the global luxury and lifestyle industries, honouring brands that exemplify excellence, innovation and sustained impact.

  • Transcorp power records N91.2bn profit before tax, revenue up 38%

    Transcorp power records N91.2bn profit before tax, revenue up 38%

    Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has reported a profit before tax of N91.2 billion for the third quarter of 2025, representing a 12.4 per cent increase from the N81.1 billion recorded in the same period of 2024.

    According to the company’s unaudited financial results for the period ended September 30, 2025, revenue rose by 38 per cent year-on-year to N308.5 billion, compared to N223.5 billion in Q3 2024.

    The growth was attributed to higher average power generation and sustained investment in operational efficiency and generation capacity.

    Gross profit also increased to N119.7 billion, up from N96.5 billion a year earlier, reflecting a 24 per cent growth and a gross margin of 38.8 per cent. Profit after tax rose by 17 per cent to N68.4 billion from N58.4 billion in Q3 2024.

    Chairman of Transcorp Power Plc, Emmanuel Nnorom, said the company’s strong performance underscored its resilience amid economic challenges, driven by cost efficiency and prudent management.

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    “Our performance in the third quarter, building on the positive momentum in the first half of the year, demonstrates Transcorp Power’s resilience and capacity to sustain profitability, despite economic challenges, supported by efficient operations strategies and prudent cost management. This sustained performance, in the face of economic headwinds will further strengthen invesor confidence in our capacity to create shared value and maintain our growth trajectory,”Nnorom said.

    Managing Director/Chief Executive Officer, Peter Ikenga, attributed the results to the company’s strategic operational improvements and focus on energy delivery.

    “The Q3 2025 results are underpinned by further growth in energy delivered to the grid, and emphasising our strategic approach, that ensures we deliver ever increasing value to our shareholders and stakeholders. These results illustrate our continuous drive to improve our business operations, eliminating waste and harnessing value.”

    Ikenga added that the company said it remains confident of ending the 2025 financial year on a strong note, reinforcing its commitment to sustainable growth and value creation for investors.

  • Transcorp power reports impressive Q3 2025 results

    Transcorp power reports impressive Q3 2025 results

    Transcorp Power Plc (“Transcorp Power” or the “Company”) has announced its unaudited Q3 financial results for the period ended 30 September 2025.

    The company said its revenue grew by 38% year-on-year to ₦308.5 billion in 2025, compared to ₦223.5 billion in Q3 2024.

    The Q3 2025 performance was driven by an increase in average power generation, reflecting Transcorp Power’s continued investment in improving generation capacity and operational excellence.

    Gross profit also increased to ₦119.7 billion, up from ₦96.5 billion in Q3 2024, representing a year-on-year growth of 24%, with a gross margin of 38.8%.

    The Profit Before Tax (PBT) climbed to ₦91.18 billion in Q3 2025 from ₦81.12 billion in Q3 2024, representing a year-on-year growth of 12.4%.

    Chairman Transcorp Power Plc, Emmanuel Nnorom, said: “Our performance in the third quarter, building on the positive momentum in the first half of the year, demonstrates Transcorp Power’s resilience and capacity to sustain profitability, despite economic challenges, supported by efficient operations strategies and prudent cost management. 

    “This sustained performance, in the face of economic headwinds will further strengthen investor confidence in our capacity to create shared value and maintain our growth trajectory.”

    Read Also: Transcorp Hilton, NUJ-FCT pledge to strengthen strategic partnership

    MD/CEO Transcorp Power Plc, Peter Ikenga, said: 

    “The Q3 2025 results are underpinned by further growth in energy delivered to the grid, and emphasising our strategic approach, that ensures we deliver ever increasing value to our shareholders and stakeholders. 

    “These results illustrate our continuous drive to improve our business operations, eliminating waste and harnessing value. We are confident of finishing the year strong in fulfilment of our mission to improving lives and transforming Africa.”

  • Transcorp Group grosses N144b in three months on cross sectoral growths

    Transcorp Group grosses N144b in three months on cross sectoral growths

    • Analysts place “buy” on stock, raise target price

    Transnational Corporation (Transcorp) Plc grew its top-line by 62 per cent to N143.7 billion, riding on the back of considerable growths across its business lines.

    Transcorp, Nigeria’s leading listed conglomerate with strategic investments in the power, hospitality, and energy sectors saw 70 per cent increase in revenue from the power business and 52 per cent growth in turnover from the hospitality business.

    Key extracts of the interim report and accounts of Transcorp for the first quarter ended March 31, 2025 showed that group gross revenue rose from N88.5 billion in first quarter 2024 to N143.7 billion in first quarter 2025. Group gross profit increased to N73.31 billion in first quarter 2025 as against N46.21 billion in first quarter 2024. Profit before tax rose to N49.41 billion compared with N45.68 billion in first quarter 2024. The first quarter 2024 profit was boosted by a one-off exceptional income of N11 billion realised from disposal of shares.

    Further analysis showed that the group’s strong performance was driven by significant contributions from its subsidiaries. The power businesses delivered robust revenue growth of 70 per cent, reaching N126.8 billion in first quarter 2025, up from N74.8 billion in first quarter 2024. Transafam Power, acquired in November 2020, achieved 212 per cent revenue growth from N6.9 billion to N21.4 billion. Transcorp Hotels’ revenue rose by 52 per cent from N13.8 billion to N21 billion.

    President and Group Chief Executive Officer, Transnational Corporation (Transcorp) Plc, Dr. Owen Omogiafo said the first quarter 2025 performance underscored the strength and resilience of the group’s business operations, reaffirming its ability to generate sustainable value for its investors.

    Read Also: Transcorp Hotels grows turnover by 52% to N21b in first quarter

    “Our first quarter 2025 financial results underscored the strength of our execution, resilient business model, and unwavering commitment to delivering sustained value to our shareholders, even in a challenging market landscape,” Omogiafo said.

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

    Transcorp has reiterated its commitment 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.

    Analysts at CardinalStone have revised their target price for Transcorp upward, citing the company’s impressive performance in the first quarter.

    They noted that the first quarter 2025 performance, which came on the heels of an exceptional 2024, when the group recorded a 189.7 per cent increase in earnings to N94.1 billion, reinforced confidence that the group would sustain its strong earnings trajectory into the 2025 financial year.

    “We are of the view that Transcorp’s performance in 2025 will be shaped by the successful transition to a bilateral trading arrangement in line with the Electricity Act 2023, which offers enhanced revenue stability and improved cash flow management for the power business.”

    Additionally, the sustained growth in key hospitality performance metrics— such as Average Daily Rates (ADR) and occupancy rates— supported by additional revenue from the 5,000-capacity event centre further bolsters our outlook for the group,” CardinalStone stated.

    Analysts revised the group’s target price to N61.10 per share, while retaining the “buy” recommendation on the stock.

  • Transcorp Hotels wins award

    Transcorp Hotels wins award

    Transcorp Hotels Plc, the hospitality subsidiary of Transcorp Group has been awarded “Hospitality Company of the Year 2024” at the prestigious Independent Newspapers Awards.

    According to Independent Newspaper Limited, organisers of the award, the award is in recognition of the transformation that the Transcorp brand has undergone over the years, especially since the COVID-19 pandemic.

    “Such feat has come through deliberate asset renewal, planning and reinvesting that has ensured that the company is not only able to grow revenue sustainably but also remains profitable to the admiration of shareholders and other stakeholders,” a letter signed by Independent Newspaper’s Editor-in-Chief Steve Omanufeme said.

    The Board of Editors of the national daily also highlighted the financial performance of the Company in 2023, with total revenue for the year ended December 31, 2023, closing at N41.5 billion, and profit for the year growing by 133% to N6.1 billion from N2.6 billion.

    The Company continued its impressive performance in 2024, with a record revenue of N70.13 billion. Profit After Tax surged by 144 percent to N14.90 billion from N6.09 billion in 2023, while Profit Before Tax increased by 138 percent to N22.61 billion in 2024 from N9.48 billion in FY 2023.

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    In line with its commitment to enhancing shareholder value through dividend payment, the Company’s Board of Directors proposed a final dividend of 64kobo for FY 2024, which if approved by the shareholders at the company’s annual general meeting coming up on April 3, 2025, will bring the full dividend to 74kobo, having paid an interim dividend of 10kobo at half-year 2024. This action reaffirms the company’s dedication to creating sustainable value for shareholders, consistent with the decision of the Board of Directors of the Independent Newspapers to award Transcorp Hotels the Hospitality Company of the Year.

    “We are deeply honoured to receive this esteemed award,” said Uzo Oshogwe, Managing Director/CEO. “This recognition is a testament to the hard work, dedication, and passion of our entire team. We would like to express our gratitude to the Independent Newspapers for this recognition and to our valued guests, partners, and stakeholders for their continued support. We are committed to consistently raising the bar in the hospitality industry and providing our guests with unforgettable experiences.”

    Transcorp Hotels Plc has consistently demonstrated its leadership in the Nigerian hospitality industry through its iconic property, the award-winning Transcorp Hilton Abuja. The company’s focus on excellent guest experience, innovation, and corporate social responsibility has solidified its position as a leader in the industry.