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Revenue fell 13.3%, while a credit-loss reversal and lower financing costs softened the decline. Receivables remain central to cash conversion.

Transcorp Power maintained output and revenue despite gas-supply and grid constraints, showing the value of well-run generation assets.

Transcorp Hotels Plc posted a N22.53 billion profit before tax as occupancy and room rates held firm across its portfolio, anchored by the Transcorp Hilton Abuja and other properties.