Transnational Corporation Plc (Transcorp) has reported strong financial performance for the first half of 2025 with profit after tax rising 23 percent year-on-year to ₦65.17 billion, according to its unaudited financial results obtained by Investors King.
Earnings Performance
-
Revenue: ₦279.68 billion in H1 2025, up 59 percent from ₦175.43 billion in H1 2024.
-
Gross Profit: ₦130.92 billion, compared to ₦85.48 billion a year earlier.
-
Operating Profit: ₦91.98 billion, up 20 percent from ₦76.97 billion in H1 2024.
-
Profit Before Tax (PBT): ₦85.70 billion, compared with ₦70.92 billion last year.
-
Profit After Tax (PAT): ₦65.17 billion, up from ₦52.79 billion in H1 2024.
-
Earnings Per Share (EPS): 408 kobo, significantly higher than 81 kobo in the prior year.
For the company, revenue growth was bolstered by robust performance in its power and hospitality segments, alongside improved operational efficiencies.
Segment Contribution
-
Owners of the Parent: ₦41.44 billion, up from ₦32.96 billion in H1 2024.
-
Non-Controlling Interest: ₦23.73 billion, compared to ₦19.83 billion last year.
Other Comprehensive Income
The Group reported a net gain of ₦747.39 million on equity instruments at fair value through other comprehensive income (OCI), reversing a ₦1.54 billion loss in H1 2024.
Cost Management and FX Gains
Administrative expenses increased to ₦35.96 billion from ₦21.15 billion, reflecting inflationary pressures and expansion costs.
However, the Group recorded a ₦2.77 billion foreign exchange gain on financing activities, providing a buffer against higher finance costs of ₦9.05 billion.
Outlook
Analysts say Transcorp’s results underscore the company’s resilience and its ability to sustain profitability amid Nigeria’s volatile macroeconomic environment. With expanding investments in power generation and hospitality, the Group is positioned to deliver long-term value and enhanced shareholder returns.
