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Tony Elumelu has steered Transnational Corporation Plc past the N1 trillion asset mark for the first time, as the diversified conglomerate posted record financial results for the year ended December 31, 2025.
The company, which holds strategic investments in power, hospitality and energy, reported strong growth across all major performance indicators, reinforcing its position as one of Nigeria most valuable listed groups.
Revenue rose 33 percent year on year to N544 billion, up from N408 billion in 2024. Profit before tax increased 31 percent to N179.5 billion, while profit after tax climbed 44 percent to N135.9 billion.
Total assets expanded 33 percent to N1.002 trillion, crossing the trillion naira milestone for the first time in the company history. Shareholders' funds rose 47 percent to N353.4 billion, thanks to higher retained earnings and a stronger balance sheet.
Borrowings declined 15 percent to N75.5 billion, leaving the group with a conservative gearing ratio of 13 percent.
On the Nigerian Exchange, Transcorp shares have gained more than 21 percent this year, closing at N55 per share on Wednesday. The stock has traded between a 52 week low of N39.6 and a high of N57, giving the company a market capitalisation of about N4.78 trillion.
Power subsidiaries remained the primary revenue driver, with revenue rising 38 percent to N483.97 billion. Transcorp Power increased available capacity to 625 megawatts, while TransAfam Power tripled peak generation capacity to 270 megawatts.
Hospitality also delivered strong performance. Transcorp Hotels Plc posted 38 percent revenue growth to N97.04 billion, supported by increased demand for rooms, conferencing and food and beverage services.
Elumelu described the results as decisive and said they reflect disciplined execution and the strength of a diversified portfolio.
He said the group focus remains on building platforms that generate commercial returns while contributing to Nigeria economic transformation. He added that investments in power are translating into measurable improvements in capacity and reliability.
Group President and Chief Executive Officer Owen Omogiafo said crossing the N1 trillion asset threshold validates the strength of the company platform and investor confidence.
The board has proposed a final dividend of N1.60 per ordinary share, subject to shareholder approval. Combined with the interim dividend of 40 kobo already paid, total dividend for the 2025 financial year will stand at N2 per share.
Management said the group remains focused on delivering sustainable long term returns while expanding its role in Nigeria growth story.
