Transnational Corporation Plc (Transcorp) reported a strong financial performance for the year ended December 31, 2025 with revenue rising by 44 percent year-on-year to ₦544.14 billion from ₦407.92 billion in 2024.
According to the group’s audited consolidated and separate financial statements, gross profit increased to ₦274.55 billion, up from ₦195.67 billion recorded in the previous year due to improved operational efficiency and revenue expansion across its business segments.
Profit Before Tax and Net Earnings
Operating profit climbed to ₦197.34 billion compared to ₦149.04 billion in 2024. Despite recording a net foreign exchange loss of ₦457.95 million during the year, the group delivered a profit before tax of ₦179.50 billion, representing a 31 percent increase from ₦136.67 billion posted in 2024.
Income tax expense stood at ₦43.59 billion, slightly higher than ₦42.58 billion in the previous year. Consequently, profit for the year rose to ₦135.91 billion, compared to ₦94.09 billion recorded in 2024.
Profit attributable to owners of the parent surged to ₦85.79 billion from ₦51.52 billion, while non-controlling interest accounted for ₦50.12 billion of total earnings.
Total comprehensive income for the year reached ₦143.54 billion, up from ₦97.98 billion in 2024.
Earnings Per Share
Basic earnings per share increased significantly to 844 kobo, compared to 145 kobo in 2024. Diluted earnings per share also stood at 844 kobo.
Balance Sheet Expansion
Transcorp’s total assets expanded to ₦1.002 trillion as of December 31, 2025, from ₦751.56 billion in 2024, representing a 33 percent growth.
Non-current assets rose to ₦431.12 billion, driven largely by increases in property, plant and equipment, which stood at ₦312.76 billion. Investment in financial assets also grew to ₦46.17 billion from ₦18.22 billion in the prior year.
Current assets climbed to ₦571.22 billion from ₦345.41 billion, supported by a sharp rise in trade and other receivables to ₦542.10 billion. Cash and bank balances increased to ₦21.88 billion.
On the liabilities side, total liabilities rose to ₦648.96 billion from ₦511.37 billion due to higher trade and other payables as well as increased income tax payable, which stood at ₦91.96 billion.
Total equity strengthened to ₦353.39 billion from ₦240.19 billion in 2024, supported by retained earnings growth to ₦181.18 billion.
Financial Position
Borrowings declined slightly on the non-current side to ₦35.18 billion from ₦50.42 billion, while current borrowings increased marginally to ₦40.28 billion.
The company maintained strong capital positioning, with equity attributable to shareholders rising to ₦227.99 billion from ₦146.24 billion in the previous year.
The consolidated and separate financial statements were approved by the Board of Directors on February 23, 2025.
Investors will closely monitor Transcorp’s strategic outlook, particularly within its power and hospitality businesses, as the conglomerate continues to expand operations and consolidate its market position.