WATCH THE VIDEO HERE Transnational Corporation Plc (Transcorp) has published its financial statements for the quarter ended 31st March 2025, reporting a pre-tax profit of N49.4 billion fueled by a surge in revenue. This reflects an 8.15% increase compared to the pre-tax profit of N45.6 billion from the same quarter last year. Total revenue for Q1 2025 amounted to N143.7 billion, indicating a 62.29% rise from the N88.5 billion recorded in the prior year. However, sales costs for the first quarter of 2025 increased significantly to N70.3 billion, up 66.26%. On the downside, administrative expenses rose sharply to N15.9 billion in Q1 2025, a 94.09% increase. On the balance sheet, the group’s total assets increased to N830.5 billion, up 10.50%, while retained earnings grew to N131.8 billion, reflecting a year-over-year increase of 17.38%. Key Highlights: As of the trading day ended 28th April 2025, shares of the company were priced at N45.70, with a year-to-date performance of 5%.
Transcorp reports strong growth in energy sales and capacity charges, as quarterly profits climb 8%
