Transnational Corporation Reports N111.4bn Profit in 2026

Transnational Corporation Plc announced its unaudited financial results for the nine months ending September 30, 2026, revealing a profit before tax of N111.4 billion, a decrease from N124.5 billion reported in the same period in 2025. The group's revenue fell to N357.4 billion from N412.4 billion, primarily due to lower power evacuation at Transcorp Power Plc, which faced industry-wide transmission and gas supply constraints.

Despite these challenges, Transcorp Power Plc increased shareholders’ funds by 8.9 percent to N199.8 billion and grew cash and cash equivalents over four-fold to N10.3 billion. Transcorp Hotels Plc reported a five percent increase in Profit After Tax to N15.5 billion, with a net profit margin of 22.3 percent and total assets rising by 29 percent to N206.8 billion.

Owen Omogiafo, President/GCEO, emphasized the group's diversified portfolio and commitment to addressing industry constraints. Group Chief Finance Officer Festus Izevbizua noted a profit-before-tax margin increase to 31.2 percent, driven by cost optimization and operational efficiency.