Transnational Corporation Plc, a hospitality conglomerate listed in Nigeria’s capital market on Tuesday published its half year unaudited results, which showed an impressive year-on-year growth for the period ended June 30, 2025.
Details of the Group’s half year 2025 financial results showed that revenue grew by 59 percent, from N175.4 billion in 2024 to N279.7 billion, while profit before tax (PBT) grew by 21 percent, to close at N85.7 billion, compared to N70.9 billion recorded in the half year 2024.
The report revealed that despite continuing economic headwinds, Nigeria’s bellwether stock, with a portfolio that spans power, resources and hospitality continues to deliver for shareholders – and make significant investments in Nigerian infrastructure.
Notable highlights of the period included the launch of the Transcorp Centre in Abuja, Nigeria’s state of the art convention and events centre, which has already hosted international leaders and major regional events.
Key highlights showed the Group’s
profitability continuing its healthy trajectory, with a 21 percent profit before tax growth of N85.7 billion, compared to N70.9 billion in the same period last year.
This performance, the report said, saw an increased gross profit margin of 47 percent, despite economic headwinds, with an interim dividend of ₦4.064 billion, representing 40 kobo per ordinary share being declared subject to applicable withholding tax in line with its commitment to delivering value to shareholders.
Reacting to the report, the Chairman Transnational Corporation Plc, Tony O. Elumelu, said: “Delivering on our impact-driven, value-creating mission, we continue to advance strategic investments across key sectors in Nigeria”.
In the power sector, he said Transcorp Power and Transafam Power have increasingly innovated to improve lives, transforming Nigeria.
Also, in the hospitality sector, he said the company continued to delight its clients and redefine the sector, not least with the opening in Abuja of the Transcorp Centre, Nigeria’s superlative events centre.
“Our growth demonstrates the resilience and strength of our diversified business model,” he said, adding that the company remains dedicated to achieving its strategic vision, rewarding its valued shareholders, and driving the sustainable transformation of Nigeria’s economy.
President/Group Chief Executive Officer, Owen Omogiafo, said: “The Q2 2025 financial performance reflects the company’s firm commitment to operational excellence and the resilience inherent in its corporate strategy, which has further enhanced its capacity to effectively navigate challenges.
This adaptability, he noted, has enabled the company to thrive within a dynamic business landscape while consistently delivering value to its stakeholders.
“With our new 5,000-seat capacity event centre, we are positioning Nigeria as the epicentre of high-scale conferences and events, including hosting the recently concluded AFREXIM Bank Annual Meetings 2025. We continuously explore innovative ways to further accelerate our growth trajectory while strengthening our leadership in Nigeria’s power, hospitality, and energy sectors,” he said.
Transnational Corporation Plc (Transcorp Group) is reputed to be one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.
Transcorp’s power businesses, Transcorp Power Plc and Transafam Power, provide over 20 percent of Nigeria’s installed power capacity, amid its commitment to developing Nigeria’s domestic energy value chain through its investments in OPL281.
The Group’s hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and has launched the digital platform Aura by Transcorp Hotels.
