Transcorp Group’s listed companies hit N5.02trn market value on strong earnings

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Transnational Corporation Plc (Transcorp Group) and its listed subsidiaries, Transcorp Power Plc and Transcorp Hotels Plc, h ...

Transnational Corporation Plc (Transcorp Group) and its listed subsidiaries, Transcorp Power Plc and Transcorp Hotels Plc, have reached a combined market valuation of N5.02 trillion on the Nigerian Exchange (NGX), reflecting growing investor interest in the conglomerate’s power and hospitality businesses.

The combined valuation, based on Tuesday, November 11, 2026, closing share prices and shareholding figures disclosed in the companies’ filings, underscores the growing market value of Transcorp’s diversified investments amid improving earnings across its major business segments.

Transcorp Plc shares gained 6.67 percent to close at N32 per share, giving the parent company a market capitalisation of N325.2 billion.

Transcorp Power shares, meanwhile, remained unchanged at N232 with a market value of N1.7 trillion, maintaining their previous session’s performance, while Transcorp Hotels traded flat at N290.50 per share with a market cap of N3 trillion.

The market valuation comes against the backdrop of strong financial performances by the group and its subsidiaries in the nine months ended September 30, 2026, with the businesses reporting substantial earnings and improved profitability.

At the group level, Transcorp recorded N111.4 billion in profit before tax (PBT) during the nine-month period to September 2026, reflecting its continued earnings momentum across its strategic investments in power, hospitality and energy.

The group also reported expanding margins and a stronger balance sheet, signalling improved operational performance and financial resilience.

Its power subsidiary, Transcorp Power Plc, recorded N83.1 billion in profit before tax, while its PBT margin improved to 31.2 percent from 29.6 percent in the corresponding period, according to its unaudited financial results for the nine months ended September 30, 2026.

The improvement in profitability highlights the contribution of the power business to the conglomerate’s overall earnings, particularly as electricity…

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