Transcorp Group delivers N111.4bn PBT, strengthens balance sheet

Transnational Corporation Plc, one of Nigeria’s leading listed conglomerates, has announced its unaudited financial results for the nine months ended 30 September 2026, delivering strong profitability, expanded profit-before-tax margin and significantly strong balance sheet.

The Group delivered a PBT of N111.4bn and a profit after tax of N75.1bn, expanding its profit-before-tax margin to 31.2 per cent from 30.2 per cent in the corresponding period of 2025, reflecting disciplined cost management and operational efficiency across its businesses.

Revenue of N357.4bn reflected lower power evacuation at Transcorp Power Plc, as industry-wide transmission and gas supply constraints limited output during the period. Performance across the portfolio underscored the quality of the Group’s operating businesses.

Transcorp Power Plc grew shareholders’ funds by 8.9 per cent to N199.8bn and increased cash and cash equivalents more than fourfold to N10.3bn.

Transcorp Hotels Plc grew PAT by 5 per cent to N15.5bn, expanded its net profit margin to 22.3 per cent and reduced net finance cost by 36 per cent, while its total assets rose by 29 per cent to N206.8bn.

The Group’s hospitality portfolio, Transcorp Hotels Plc, maintained its position as Nigeria’s foremost hospitality destination, attracting business leaders, dignitaries and international visitors through its iconic 670-room Transcorp Hilton Abuja and the 5,000-capacity Transcorp Centre, the country’s largest multipurpose event venue.

President/GCEO, Transnational Corporation Plc, Owen D. Omogiafo, said the Group’s performance reflected the strength of its diversified portfolio and “our ability to sustain strong profitability and expand margins in a challenging operating environment.”

Omogiafo added, “We continue to work closely with stakeholders to address industry-wide constraints and improve electricity delivery, while leveraging our hospitality investments to strengthen Nigeria’s position as a destination for business, tourism and major events. Across our businesses, we remain focused on unlocking opportunities for growth, deepening our contribution to Nigeria’s economy and delivering on our purpose to improve lives and transform Africa.”

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Group Chief Finance Officer, Transnational Corporation Plc, Festus Izevbizua, said the nine-month performance underscored the strength and resilience of the Group’s underlying businesses.

“Year-on-year revenue was impacted by power evacuation constraints arising from vandalisation of transmission and gas infrastructure. Notwithstanding this, the Group expanded its profit-before-tax margin to 31.2 per cent, from 30.2 per cent in the prior period, a direct result of deliberate cost optimisation and operational efficiency across our businesses.”

He added, “Our financial position also strengthened considerably over the period. Total assets grew by 13 per cent to N1.13tn, driven by improved receivables, investments in financial assets and stronger cash generation.

“Total equity rose by 9.7 per cent to N387.8bn , reinforcing the Group’s robust capital base, while cash and cash equivalents more than doubled to N45.9bn from N21.9bn at December 2025, enhancing liquidity and providing greater financial flexibility to pursue strategic priorities.”

Looking ahead, Transcorp Group remains focused on advancing strategic opportunities across its power, hospitality and energy businesses, leveraging its diversified portfolio and financial strength to support long-term growth and sustainable shareholder value.