Transcorp Group delivers ₦111.4 billion profit before tax in 9m 2026, expands margins and strengthens balance sheet

Transcorp Group, Nigeria's leading listed conglomerate, reported a profit before tax of ₦111.4 billion for the nine months ended 30 September 2026, compared to ₦107.9 billion in the corresponding period of 2025. This marked an expanded profit-before-tax margin of 31.2% from 30.2% in 2025, driven by disciplined cost management and operational efficiency.

Revenue for the period was ₦357.4 billion, impacted by power evacuation constraints at Transcorp Power Plc due to transmission and gas supply limitations. Transcorp Power Plc's shareholders' funds grew by 8.9% to ₦199.8 billion, with cash and cash equivalents increasing more than fourfold to ₦10.3 billion. Transcorp Hotels Plc reported a 5% increase in Profit After Tax to ₦15.5 billion, expanded its net profit margin to 22.3% and reduced net finance cost by 36%, boosting its total assets by 29% to ₦206.8 billion.

The company's hospitality portfolio, Transcorp Hotels Plc, remains Nigeria's premier hospitality destination, hosting business leaders, dignitaries, and international visitors. Transcorp Group's President/GCEO, Owen D. Omogiafo, emphasized the company's diversified portfolio strength and ability to sustain profitability in a challenging operating environment.

Group Chief Finance Officer, Festus Izevbizua, highlighted the Group's financial position strengthening and strategic focus on power, hospitality, and energy businesses for long-term growth and shareholder value.