‘Transcorp’s N544b revenue driven by power, hospitality’

Transcorp Plc yesterday discussed its sterling performance for the full year 2025 and projection for the 2026 financial year.

Speaking during investors call, Transcorp Plc President/Group CEO, Dr. Owen Omogiafo, said with revenue growth by 33 per cent to N544 billion, and profit after tax rose 44 per cent, the conglomerate’s 2025 performance was its best ever.

The performance, she disclosed, was largely driven by strong execution across power and hospitality segments.

“Despite sector-wide challenges, including gas constraints, grid instability, and inflation, our power business expanded capacity significantly to reinforce national supply, while hospitality delivered robust growth. With a strengthened balance sheet and reduced leverage, Transcorp is well-positioned for sustained expansion and long-term value creation,” she said.

Omogiafo said Transcorp Plc stands as one of Africa’s leading diversified conglomerates, with strategic investments spanning Power, Hospitality, and Energy. Incorporated in 2004 and listed on the Nigerian Exchange (NGX) in 2006, the Group has grown into a multi-sector powerhouse with a clear purpose: Improving Lives, Transforming Africa. With three operating segments, over 2,500 employees, and a strong presence across Nigeria.

She said Transcorp continues to set the standard for long-term, sustainable value creation on the continent.

The Group is led by Tony Elumelu, as Group Chairman, a globally recognised business leader and philanthropist whose strategic vision continues to drive Transcorp’s growth trajectory across Africa. The Board and management remain committed to transparency, accountability, and the delivery of superior, long-term value for all stakeholders.

Omogiafo explained that the company has three operating segments: Power, Hospitality, and Energy with over 2,500 employees across Nigeria, 311,000+ shareholders; listed on the NGX since 2006 and a combined market capitalisation of N4.87 trillion across listed subsidiaries.

“Transcorp’s power subsidiaries–Transcorp Power Plc and Transafam Power Limited–collectively hold a combined installed capacity of approximately 2,000 MW, representing approximately 15 per cent of Nigeria’s total grid capacity. The Group is actively advancing its capacity expansion targets, with a year-end 2026 target of 760 MW average available capacity for Transcorp Power, underscoring its commitment to powering Nigeria’s economic growth,” she said.

Also, Speaking, MD/CEO Transcorp Power, Peter Ikenga, said Transcorp Power Plc has 972 MW installed capacity; target average available capacity of 693 MW, with a 2026 year-end target of 760 MW. Also, Transafam Power Ltd: 966 MW installed capacity; target average available capacity of 361 MW, with a year-end target of 378 MW while target generating capacity of 567 Mw (Transcorp Power) and 306 Mw (Transafam), with peak generation targets of 670 Mw and 345 Mw, respectively.

Transcorp is driving an integrated energy strategy that positions the Group at the forefront of Nigeria’s energy transition. Through Transcorp Energy Limited, the Group is advancing a 30 MW interconnected solar- powered mini-grid project across the Federal Capital Territory (FCT), while leveraging strategic MOUs to deliver renewable energy solutions and proceeding with the Field Development Plan (FDP) for OPL 281, an oil block holding an estimated 77 million barrels of oil and 1 TCF of gas in place.

Also, speaking, MD/CEO Transcorp Hotels Plc, Uzoamaka Oshogwe, said Transcorp Hotels Plc continues to redefine premium hospitality in Nigeria, driven by its flagship award-winning 5-Star Transcorp Hilton Abuja and expansion plans, including Transcorp Ikoyi. The Group is focused on sustaining occupancy, growing non-room revenue through new Food & Beverage offerings, and fully activating the 5,000-seat Transcorp Centre as a major revenue driver

It has a market capitalisation of approximately N2.08 trillion, Transcorp Hotels remains a significant value centre within the Group.

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Overall, Transcorp Plc’s exceptional performance is anchored on a robust corporate governance framework upheld by seasoned professionals with deep expertise across finance, energy, hospitality, and strategic management.