Transnational Corporation Plc has reported profit before tax of ₦179.5 billion for the financial year ended December 31, 2025.

The conglomerate, listed on the Nigerian Exchange as TRANSCORP, recorded a 33 per cent rise in revenue to ₦544 billion, compared with ₦408 billion in 2024. Profit before tax increased 31 per cent from ₦136.7 billion, while profit after tax rose 44 per cent to ₦135.9 billion from ₦94.1 billion a year earlier.

The group’s combined market capitalisation stood at ₦4.78 trillion on the Nigerian Exchange at the close of the reporting period.

Revenue from the group’s power subsidiaries climbed 38 per cent to ₦483.97 billion, supported by improved generation capacity and better gas supply. Within the segment, Transcorp Power Plc increased available capacity to 625MW, while TransAfam Power Limited raised peak generation capacity to 270MW.

Hospitality operations also recorded strong performance. Revenue at Transcorp Hotels Plc grew 38 per cent to ₦97.04 billion, driven by demand for rooms, conferences, food and beverage services, and premium guest experiences.

Gross profit margin remained robust at 50.5 per cent, reflecting cost discipline and operational efficiency across business lines.

The group’s balance sheet strengthened during the year. Total assets rose 33 per cent to ₦1.002 trillion, while shareholders’ funds expanded 47 per cent to ₦353.4 billion.

Total borrowings declined 15 per cent to ₦75.5 billion, resulting in a gearing ratio of 13 per cent.

Chairman Tony Elumelu said the results reflected the benefits of diversification and execution discipline.

“Our 2025 results reflect the strength of our diversified portfolio and our belief in Nigeria’s long-term potential. Across power, hospitality and energy, we are building platforms that deliver commercial returns alongside social impact,” he said.

President and Group Chief Executive Officer Owen Omogiafo said: “With 47 per cent growth in shareholders’ funds and sustained profitability, we closed the year with strong momentum,” she said, adding that the group remains focused on delivering sustainable returns while supporting economic development.