Transnational Past Earnings Performance
Past criteria checks 5/6
Transnational has been growing earnings at an average annual rate of 47.1%, while the Renewable Energy industry saw earnings growing at 7.8% annually. Revenues have been growing at an average rate of 38% per year. Transnational's return on equity is 34%, and it has net margins of 15.2%.
Key information
47.14%
Earnings growth rate
47.14%
EPS growth rate
| Renewable Energy Industry Growth | 12.65% |
| Revenue growth rate | 38.05% |
| Return on equity | 34.01% |
| Net Margin | 15.24% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Reports (Unaudited) Lower H1 2026 Earnings Amid Revenue Contraction, but Balance Sheet Remains Resilient
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Transnational Corporation Plc (“Transcorp”) reported a softer financial performance for the six months ended June 30, 2026, as weaker revenue contributions from its power business offset resilient performance from its diversified portfolio. Group revenue declined by 13% YoY to ₦241.5 billion from ₦279.0 billion in H1 2025, primarily due to lower energy dispatch and capacity charge revenues from its power subsidiary.Transcorp Delivers Resilient Q1 2026 Earnings Growth Supported by Diversified Revenue Streams and Improved Finance Position
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Transnational Corporation Plc delivered a resilient performance for the three months ended March 31, 2026, underpinned by improved finance income, diversified revenue streams across hospitality and power segments, and steady operational efficiency despite a decline in top-line revenue. Group revenue declined by 13% YoY to ₦125.14 billion, largely reflecting lower power generation output and capacity charges.Transnational Corporation Plc Delivers Strong FY 2025 Earnings Growth Driven by Power and Hospitality Expansion
Analyst: Qudus Adebara (Research Analyst) Executive Summary Transnational Corporation Plc (“Transcorp”) recorded a strong financial performance for the year ended 31 December 2025, supported primarily by revenue growth in its Power and Hospitality segments , alongside fair value gains on investment properties. Revenue increased by 33% YoY to ₦544.14 billion , driven largely by electric energy sales from its power subsidiary and improved hospitality performance.Transnational Corporation Plc – Expansion into Decentralised Renewable Energy Infrastructure
Author: Qudus Adebara (Research Analyst) Transnational Corporation Plc has strengthened its strategic positioning in Nigeria’s energy sector following the emergence of its subsidiary, Transcorp Energy Limited , as a successful bidder under the World Bank–supported Utility Enabled Projects (UEP) coordinated by the Rural Electrification Agency. The development marks a significant step in Transcorp’s expansion beyond conventional power generation into decentralised renewable energy solutions, reinforcing its long-term commitment to sustainable energy infrastructure and improved electricity access across Nigeria.TRANSCORP GROUP PLC – SUSTAINED REVENUE MOMENTUM AND PROFIT GROWTH ANCHOR STRONG Q3 2025 PERFORMANCE
Analyst: Qudus Adebara (Research Analyst) Executive Summary Transnational Corporation Plc (“Transcorp Group” or “the Company”) delivered a resilient and impressive financial performance for the nine months ended 30 September 2025 , underscoring its strategic agility, diversified operations, and strong execution capability. Revenue rose 39% year-on-year to ₦413.4 billion (Q3 2024: ₦297.7 billion), reflecting broad-based growth across the Group’s power and hospitality segments.TRANSCORP PLC – Strategic Expansion in Power & Hospitality Drives Resilient Performance in Q3 2025
Author: Adebara Qudus (Founder of Wane Investment House) Executive Summary Transnational Corporation Plc delivered robust revenue and earnings growth in Q3 2025, underscoring the resilience and strategic execution of its diversified portfolio across power, hospitality, and energy sectors. The Group reported power sector revenue of ₦341.1 billion with ₦93.2 billion PBT, surpassing the full-year 2024 performance, while the hospitality segment achieved ₦72.3 billion revenue and ₦22.4 billion PBT, reflecting operational efficiency, market recovery, and strong consumer demand.Transnational Corporation Plc H1 2025 Results – Impressive Revenue Growth and Profit Expansion Across Segments
Transnational Corporation Plc (Transcorp) — Robust Revenue Growth and Improved Profitability Strengthen Group Fundamentals For the Period Ended 30 September 2025 Strategic Context Transnational Corporation Plc (Transcorp) delivered another strong performance for the nine months ended 30 September 2025, demonstrating solid operational execution across its power, hospitality, and energy segments. The Group’s resilience in navigating Nigeria’s evolving macroeconomic environment, coupled with its diversified business portfolio, continues to underpin sustained growth momentum.Transnational Corporation Plc's Strategic Expansion and Growth, following the Posts N408 Billion Revenue
Transnational Corporation Plc (Transcorp) has recorded a market capitalisation of N2.97tn and announced plans to expand its hospitality business with a new Hilton hotel in Ikoyi, Lagos. The company'sRevenue & Expenses Breakdown
How Transnational makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 506,633 | 77,202 | 67,719 | 0 |
| 31 Mar 26 | 525,572 | 88,223 | 68,387 | 0 |
| 31 Dec 25 | 544,141 | 85,789 | 67,546 | 0 |
| 30 Sep 25 | 523,047 | 60,942 | 64,521 | 0 |
| 30 Jun 25 | 511,527 | 60,006 | 54,647 | 0 |
| 31 Mar 25 | 462,431 | 46,199 | 40,724 | 0 |
| 31 Dec 24 | 407,916 | 51,525 | 48,752 | 0 |
| 30 Sep 24 | 366,627 | 46,615 | 30,598 | 0 |
| 30 Jun 24 | 290,293 | 38,442 | 28,518 | 0 |
| 31 Mar 24 | 253,148 | 40,336 | 25,422 | 0 |
| 31 Dec 23 | 196,990 | 16,539 | 23,522 | 0 |
| 30 Sep 23 | 165,500 | 13,917 | 21,026 | 0 |
| 30 Jun 23 | 152,953 | 13,238 | 18,428 | 0 |
| 31 Mar 23 | 135,726 | 6,736 | 17,992 | 0 |
| 31 Dec 22 | 133,718 | 8,032 | 16,756 | 0 |
| 30 Sep 22 | 121,877 | 15,735 | 15,813 | 0 |
| 30 Jun 22 | 120,848 | 16,601 | 13,758 | 0 |
| 31 Mar 22 | 118,173 | 15,335 | 15,457 | 0 |
| 31 Dec 21 | 111,219 | 13,964 | 14,086 | 0 |
| 30 Sep 21 | 106,480 | 7,663 | 13,620 | 0 |
| 30 Jun 21 | 93,575 | 3,480 | 15,191 | 0 |
| 31 Mar 21 | 84,314 | 371 | 11,950 | 0 |
| 31 Dec 20 | 75,271 | -862 | 11,616 | 0 |
| 30 Sep 20 | 72,446 | -2,353 | 8,925 | 0 |
| 30 Jun 20 | 73,539 | -1,321 | 9,878 | 0 |
| 31 Mar 20 | 73,431 | 401 | 11,914 | 0 |
| 31 Dec 19 | 76,346 | 1,549 | 10,821 | 0 |
| 30 Sep 19 | 82,580 | 4,773 | 11,130 | 0 |
| 30 Jun 19 | 87,836 | 6,342 | 11,322 | 0 |
| 31 Mar 19 | 96,166 | 7,701 | 11,687 | 0 |
| 31 Dec 18 | 104,163 | 9,314 | 11,972 | 0 |
| 30 Sep 18 | 103,389 | 8,541 | 8,238 | 0 |
| 30 Jun 18 | 100,201 | 7,881 | 9,309 | 0 |
| 31 Mar 18 | 90,820 | 6,643 | 9,159 | 0 |
| 31 Dec 17 | 80,285 | 4,755 | 9,403 | 0 |
| 30 Sep 17 | 74,260 | 10,313 | 9,739 | 0 |
| 30 Jun 17 | 68,819 | 7,070 | 8,454 | 0 |
| 31 Mar 17 | 62,000 | -1,017 | 7,479 | 0 |
| 31 Dec 16 | 59,425 | -931 | 6,360 | 0 |
| 30 Sep 16 | 52,249 | -10,580 | 6,996 | 0 |
| 30 Jun 16 | 45,280 | -8,392 | 6,206 | 0 |
| 31 Mar 16 | 43,954 | -426 | 6,316 | 0 |
| 31 Dec 15 | 40,754 | 391 | 6,434 | 0 |
| 30 Sep 15 | 40,360 | -1,961 | 4,341 | 0 |
Quality Earnings: TRANSCORP has high quality earnings.
Growing Profit Margin: TRANSCORP's current net profit margins (15.2%) are higher than last year (11.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TRANSCORP's earnings have grown significantly by 47.1% per year over the past 5 years.
Accelerating Growth: TRANSCORP's earnings growth over the past year (28.7%) is below its 5-year average (47.1% per year).
Earnings vs Industry: TRANSCORP earnings growth over the past year (28.7%) exceeded the Renewable Energy industry 3.9%.
Return on Equity
High ROE: TRANSCORP's Return on Equity (34%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/18 00:36 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
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Industry and Sector Metrics
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Analyst Sources
Transnational Corporation Plc is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.