Transnational Corporation Plc has reported a strong financial performance for the 2025 financial year, posting a revenue of N544.41 billion and profit before tax (PBT) of N179.5 billion, reflecting broad-based growth across its business segments.

Speaking during the company’s investors’ call held virtually yesterday, President and Group Chief Executive Officer, Owen Omogiafo, said the conglomerate recorded an 83 per cent year-on-year growth in revenue and a 31 per cent increase in profit, underscoring resilience across its diversified operations.

She noted that the performance was driven by strong execution across its power, hospitality and energy businesses, even as the company navigated infrastructure constraints, gas supply issues and broader macroeconomic uncertainties.

She said: “Our performance for the year was robust. We recorded significant growth in revenue and sustained strong profitability, underpinned by disciplined execution and the strength of our diversified portfolio.”

The Group Chief Financial Officer, Festus Izevbizua, added that the company’s audited results showed consistent growth over the past five years, with a cumulative average revenue growth rate of 48.7 per cent. Shareholders’ funds also rose by 47 per cent year-on-year to N353 billion.

According to him, the power segment remained the largest contributor, accounting for about 80 per cent of total revenue, while hospitality contributed 20 per cent.

He disclosed that Transcorp Power grew its revenue by 30 per cent to N398 billion, driven by improved generation capacity, while TransAfam Power recorded a 102 per cent increase in revenue to N85.7 billion due to enhanced gas supply and operational efficiency.

The hospitality arm also posted strong growth, with revenue rising to N97 billion, supported by increased patronage, higher room demand and expanded revenue streams.

Omogiafo, however, acknowledged ongoing operational challenges, particularly within the power value chain, including gas infrastructure constraints and vandalism, which continue to affect electricity generation and distribution nationwide.

She said the company is working closely with stakeholders to address these issues and sustain its contribution to economic growth.

“The power sector continues to face challenges, but we are committed to working with all relevant partners to ensure we deliver on our mission of improving lives and transforming Africa,” she explained.

On policy developments, Omogiafo said the proposed Grid Asset Management Company (GAMCO) initiative by the Federal Government could support efforts to strengthen the electricity value chain if properly implemented.

She noted that reforms aimed at improving transparency, infrastructure management and decentralising responsibilities across federal and state levels were necessary to address long-standing bottlenecks in the sector.

“It is part of the strategies designed to revamp the power sector and make it more sustainable. For us to resolve our power issues at scale, there is a need for policy and government support,” she said.

The company also highlighted progress in its energy expansion strategy, including the award of a 30 megawatts interconnected solar mini-grid project in the Federal Capital Territory (FCT), which is expected to boost electricity supply within Abuja.

On macroeconomic conditions, Omogiafo said Nigeria experienced relative stability in 2025, with improving fundamentals, declining inflation and a strengthening naira, although global tensions, particularly in the Middle East, pose risks to commodity prices and external demand.

She expressed optimism that ongoing policy adjustments, including interest rate moderation, would support domestic production and economic growth.

Looking ahead, the company said it would focus on increasing operational capacity across its businesses, deepening partnerships and driving efficiency, while also expanding its hospitality offerings through new collaborations and improved customer experience.

Omogiafo reaffirmed the company’s commitment to sustaining growth and delivering value to shareholders, noting that Transcorp remains resilient despite industry headwinds.

“We will continue to drive our growth agenda, deepen our impact and create sustainable value for all stakeholders,” she said.