At a time when Nigeria’s corporate landscape is reeling from inflation, high interest rates and a volatile exchange rate, one conglomerate stands tall—not just surviving, but thriving.
Transnational Corporation Plc (Transcorp Group), one of Africa’s most diversified investment holding companies, has reported a remarkable N124.5 billion profit before tax (PBT) in the third quarter of 2025 — an 18 per cent growth from the N105.5 billion recorded in the same period last year.
The group’s unaudited results, released last week, revealed a 39 per cent year-on-year revenue growth, rising from N297.7 billion in Q3 2024 to N413.4 billion in Q3 2025. In a business climate where many firms are struggling to stay afloat, the figures reflect a story of strategic clarity, operational discipline, and unrelenting ambition.
Founded on a bold vision to drive Africa’s economic transformation, Transcorp Group has evolved into one of the continent’s most influential conglomerates, with deep roots in power, hospitality and energy.
Transcorp Group, one of Africa’s leading listed conglomerates, has strategic investments in the power, hospitality and energy sectors. Transcorp Power and Transafam Power provide over 20 per cent of Nigeria’s installed power capacity. The Group’s hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination and Nigeria’s largest event venue, the Transcorp Centre, Abuja.
The Q3 results showed that profit before tax (PBT) grew by 18 per cent, closing at N124.5 billion, compared to N105.5 billion in the same period in 2024.
PAT 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.
The result also shows 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.
Speaking on the results, Chairman of Transcorp Plc, Tony Elumelu, said the performance of the corporation reflects the huge opportunities in Nigeria.
He said, “Transcorp’s robust revenue and earnings delivery demonstrate the opportunity in the Nigerian economy. Our diversified portfolio continues to offer investors access to key drivers of Nigeria’s growth opportunity. As the macroeconomic climate improves, the Group is well-positioned to take advantage of Nigeria’s extraordinary potential.”
He stated that the group is executing its impact-driven mandate through strategic investments that solidify its leadership in Nigeria’s vital sectors. “Our diversified model continues to demonstrate resilience, generating significant value,” he said, adding, “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 powering 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,” he said.
The President/Group CEO of Transcorp Plc, Dr Owen Omogiafo, in her own comments, 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.”
She said that as Nigeria’s leading conglomerate, with a disciplined approach to excellent corporate strategy, the Transcorp Group is well-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,” she said.
Omogiafo has reinforced Transcorp’s position as a leading voice in Africa’s energy discourse and its commitment to Improving Lives and Transforming Africa through strategic, sustainable investments.
The Group’s President/CEO demonstrated this in her submission at the ninth edition of the Future Investment Initiative (FII9), held in Riyadh, Saudi Arabia, where she sounded an urgent call for Africa to scale up its energy supply quickly.
Speaking on the evolving nature of the global “Energy Trilemma” during a high-level plenary session, Omogiafo said Africa’s energy deficit is huge.
“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. She said about 70 or 80 per cent of people with no access to electricity are in Africa, “an alarming situation,” she said.
“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.” She reiterated to the audience that Africa’s priority remains “increasing the access to power and driving greater inclusion.
“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 per cent of the power that goes to the grid comes from hydro, the remaining is from fossil, gas fired power plants.”
Transcorp Group’s success story is built on a strategic turnaround of national assets, diversification into key growth sectors like power and hospitality, and strong corporate governance.
The company has achieved significant financial growth, with revenue increasing by 188 per cent in one year and its market value rising from approximately $12.9 billion to $3 billion, driven by investments, asset rehabilitation, and the expansion of its subsidiaries.
