Transnational Corporation Plc (NGX: TRANSCORP), Nigeria’s leading listed conglomerate with strategic investments in the power, hospitality, and energy sectors, has announced its unaudited results for the first quarter ended March 31, 2025.
The key highlights show strong revenue growth of the Group with an N143.7 billion, which represents an increase of 62%, compared to the revenue of N88.5 billion in Q1 2024.
A statement from the Group said the performance is driven by the exceptional contributions of the Group’s subsidiaries.
The highlights of the subsidiaries indicated that the power businesses delivered robust revenue growth of 70% year-on-year, reaching N126.8bn in Q1 2025, up from N74.8bn in Q1 2024.
Notably, Transafam Power, acquired in November 2020, achieved 212% year-on-year revenue growth, from N6.9bn to N21.4bn.
o Transcorp Hotels delivered a strong performance in Q1 2025, with revenue rising by 52% year-on-year to N21.0bn, up from N13.8bn in Q1 2024.
Strong and Continuous Profit Growth
o Gross profit for the Group soared to N73.31bn in Q1 2025 from N46.21 in Q1 2024.
o The group closed the quarter with a very healthy PBT of N49.41bn compared with N45.68 billion in Q1, 2024, which had an exceptional income of ₦11.0 billion income from the disposal of shares.
o This performance underscores the strength and resilience of our business operations and reaffirms our ability to generate sustainable value for our investors.
Commenting, the President/GCEO of Transcorp Plc, Dr. Owen D. Omogiafo, 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”.
