Kayode Tokede
Transnational Corporation Plc, yesterday introduced its unaudited 9 months ended September 30, 2026 consequence and accounts with revenue earlier than tax at N111.4 billion from N124.5 billion reported in 9 months ended September 30, 2025.
The Group declared income of N357.4 billion from N412.4 billion in corresponding interval amid decrease energy evacuation at Transcorp Power Plc, as industry-wide transmission and fuel provide constraints restricted output in the course of the interval.
The 9 months 2026 efficiency throughout the portfolio underscored the standard of the group’s
working companies. Transcorp Power Plc grew shareholders’ funds by 8.9per cent to N199.8 billion and elevated money and money equivalents greater than four-fold to N10.3 billion.
Transcorp Hotels Plc grew Profit After Tax by 5 per cent to N15.5 billion, expanded its internet revenue margin to 22.3 per cent and diminished internet finance price by 36 per cent, whereas its whole property rose by 29 per cent to N206.8 billion.
The group’s hospitality portfolio, Transcorp Hotels Plc, maintained its place as Nigeria’s foremost hospitality vacation spot, attracting enterprise leaders, dignitaries and worldwide guests by its iconic 670-room Transcorp Hilton Abuja and the 5,000-capacity Transcorp Centre, the nation’s largest
multipurpose occasion venue.
Commenting, the President/GCEO, Transnational Corporation, Owen Omogiafo, in an announcement mentioned “Our efficiency displays the energy of our diversified portfolio and our potential to maintain sturdy profitability and develop margins in a difficult working atmosphere.
“We proceed to work intently with stakeholders to deal with industry-wide constraints and enhance electrical energy supply, whereas leveraging our hospitality investments to strengthen Nigeria’s place as a vacation spot for enterprise, tourism and main occasions.
“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.”
Group Chief Finance Officer, Transnational Corporation Plc, Festus Izevbizua, mentioned; “Our nine-month efficiency underscores the energy and resilience of the Group’s underlying companies. Year-on-year income was impacted by energy evacuation constraints arising from vandalisation of transmission and fuel infrastructure.
“Notwithstanding this, the Group expanded its profit-before-tax margin to 31.2per cent, from 30.2per cent in the prior interval, a direct consequence of deliberate price optimisation and operational effectivity throughout our companies.
“Our monetary place additionally strengthened significantly over the interval. Total property grew by 13per cent to N1.13 trillion, pushed by improved receivables, investments in monetary property and stronger money era.
“Total equity rose by 9.7per cent to N387.8 billion, reinforcing the Group’s robust capital base, while cash and cash equivalents more than doubled to N45.9 billion from N21.9 billion at December 2025, enhancing liquidity and providing greater financial flexibility to pursue strategic priorities.”
He added, “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.”
