Transcorp Group Posts N241.5bn Revenue, N75.9bn Pre-tax Profit In H1

Transnational Corporation Plc has posted a revenue of N241.5 billion and N75.9 billion profit before tax in its half-year financial period ended June 30, 2026.

The Company’s results released on the Nigerian Exchange showed that revenue stood at N241.5 billion from N279.0 billion in H1, 2025. Profit before tax dropped to N75.9 billion as against N85.7 billion in H1, 2025, while profit after tax fell to N54.4 billion from N65.2 billion

Also, the Company’s earnings per share fell to N3.23 compared to N4.08 in H1, 2025. Total equity stood at N367.8 billion from N353.4 billion as at December 2025, while cash and cash equivalents amounted to N20.8 billion as against N21.9 billion as at December 2025.

The Company declared an interim dividend of 40 kobo per share, representing N4.065 billion.

The Company stated that “Transcorp Group’s disciplined cost management and operational efficiency, underpinned by a resilient business strategy and solid corporate governance ethos, delivered a strong revenue and profit performance, with improved margins and ratios notwithstanding challenges in the operating environment.

“The power sector was impacted by gas supply constraints, as well as grid-related challenges, which saw a reduction in the overall power supply in the country. The hospitality business continues to innovate and leverage its assets to deliver superior service excellence to the nation.”

President/Group CEO, Transnational Corporation, Owen Omogiafo stated that “Despite disruptions to power transmission infrastructure and a challenging macroeconomic environment, Transcorp delivered a strong profit and an even stronger balance sheet, a reflection of our operational discipline and efficiency.

“At Transcorp Group, our operations are driven by our purpose to improve lives and transform Africa. We continue to create impact in the sectors that matter most to Nigeria’s future, and that same conviction continues to guide us through every phase of the cycle.”

He noted that “despite the constrained grid infrastructure seen in the first half of the year, we forged ahead, engaging with strategic partners to deliver much-needed power to Nigerians. Our strategy is clear, our balance sheet is robust, and our confidence in the value we are creating for our shareholders remains firm.”

The Group chief finance officer, Transnational Corporation, Festus Izevbizua noted that “these results reflect the quality of the underlying business and resilience of the Group’s earnings.

“Despite a lower revenue base arising from sector-wide power infrastructure constraints, we expanded our profit-before-tax margin to 31.4 per cent, from 30.7 per cent in the prior period, a direct result of disciplined cost optimization and operational efficiency across our businesses.”

Izevbizua explained that “our financial position remains strong, with a robust equity base which grew to N367.8 billion by half-year 2026. Our strength is hinged on the diversified earnings capability from key sectors, including the hospitality business, which grew its profit after tax by 21 per cent.

“This financial foundation gives us the confidence to protect and grow long-term value for our shareholders as operating conditions normalise.”