Transcorp records N143.7bn revenue in Q1
Transcorp
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.
Key highlights of the results according to a statement from Transcorp showed that the Group in Q1 2025 recorded a revenue of N143.7 billion, marking an increase of 62%, compared to revenue of N88.5 billion in Q1 2024. This strong performance is driven by the exceptional contributions of our subsidiaries.
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.
Gross profit for the Group soared to N73.31bn in Q1 2025 from N46.21 in Q1 2024.
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.
This performance underscores the strength and resilience of our business operations and reaffirms our ability to generate sustainable value for our investors.
President/GCEO of Transcorp Plc, Dr. Owen D. Omogiafo, OON comments, “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.”
