Transnational Corporation of Nigeria (Transcorp) reported a 16.6% slide in its post-tax profit for the half-year 2025, primarily driven by weaker income from energy sent out, which is the top contributor to its revenue pool. The company's financials, released on Wednesday, showed a significant impact from this decline.

Energy sent out dropped to N150.6 billion from N183.5 billion, leading to a 13.4% decline in overall revenue. Consequently, the conglomerate's turnover fell to N241.5 billion from N279 billion in the corresponding period.

Chief Finance Officer Festus Izevbizua attributed the revenue drop to