Transcorp Group smashes 2024 record, increases first quarter 2025 revenue to N143.7 billion

The Transnational Corporation Plc, Nigeria’s leading listed conglomerate with strategic investments in the power, hospitality, and energy sectors, has recorded a revenue of N143.7 billion in its unaudited results for the first quarter ended March 31, 2025.

The amount is an increase of 62%, compared to revenue of N88.5 billion in Q1 2024, as the group said the strong performance was driven by the exceptional contributions of subsidiaries.

The group added 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.

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.

The Transcorp Group profit soared to N73.31bn in Q1 2025 from N46.21 in Q1 2024, as it 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.

The President/Group Chief Executive Officer of Transcorp Plc, Dr. Owen 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”.