Transnational Corporation Plc (Transcorp Group) posted a strong third-quarter performance, with unaudited results showing broad-based growth across its portfolio.

Revenue climbed 39% year-on-year to ₦413.4 billion from ₦297.7 billion in Q3 2024. Profit before tax rose 18% to ₦124.5 billion (Q3 2024: ₦105.5 billion), while profit after tax increased 20.5% to ₦91.4 billion (Q3 2024: ₦75.9 billion). The Group sustained a 48% gross profit margin, underscoring tighter cost control and disciplined pricing.

Management credited the performance to higher power generation across its plants and a stronger hospitality contribution following the addition of the 5,000-capacity Transcorp Centre Abuja, which is expanding events and conferencing revenue.

Chairman Tony Elumelu said the results reflect Transcorp’s ability to capture opportunities in key sectors of the Nigerian economy, noting that the diversified model is delivering resilience and value.

He added that the Group is scaling power generation to help narrow Nigeria’s energy deficit and is setting new standards in hospitality through recent capacity expansions.

President/Group CEO Dr. Owen Omogiafo said the quarter’s outcome shows continued execution of strategy and efficiency across the portfolio, adding that Transcorp is positioned to close the year with momentum while delivering sustainable returns to shareholders and supporting broader economic growth.

With power and hospitality both advancing, Transcorp reiterated its focus on operational excellence and impact-led investments to consolidate its market leadership in Nigeria’s critical sectors.