Transcorp Declares N20.3bn Dividend as Profit Rises 44%

Transnational Corporation Plc has declared a total dividend of ₦20.32 billion for the 2025 financial year, representing ₦2.00 per share, following a strong earnings performance across its power, hospitality and energy businesses.

The dividend was approved by shareholders at the company’s 20th Annual General Meeting held at the Transcorp Centre in Abuja.

The total payout consists of an interim dividend of ₦4.06 billion, equivalent to 40 kobo per share, which was paid in August 2025, and a final dividend of ₦16.26 billion, representing ₦1.60 per share.

Shareholders also approved the group’s audited financial statements for the year ended December 31, 2025.

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The conglomerate reported a 33 per cent increase in revenue to ₦544 billion in 2025 from ₦408 billion recorded in 2024. Profit before tax rose by 31 per cent to ₦179.5 billion from ₦136.7 billion, while profit after tax climbed 44 per cent to ₦135.9 billion compared to ₦94.1 billion in the previous year.

The company said its combined market capitalisation stood at ₦4.78 trillion as of May 7, 2026.

Speaking at the AGM, Chairman of Transcorp Group, Tony O. Elumelu said the company remained focused on long-term value creation through strong corporate governance and disciplined execution of strategic priorities.

According to him, the group’s diversified investment portfolio has continued to support resilient financial performance despite prevailing macroeconomic challenges.

“Transcorp Group remains firmly focused on strong corporate governance and the disciplined execution of its strategic priorities to deliver sustainable, long-term value. Despite a challenging macroeconomic environment, the Group continues to benefit from its diversified portfolio, which has underpinned resilient financial performance in 2025,” Elumelu said.

President and Group Chief Executive Officer of Transcorp Plc, Owen D. Omogiafo, said the company maintained strong operational discipline during the financial year while expanding investments across critical sectors.

She stated that the group remained committed to addressing Nigeria’s energy challenges through sustained investments in power infrastructure.

“FY 2025 was a year defined by disciplined execution, strategic resolve, and resilient performance. Transcorp Group is committed to resolving the energy crisis in Nigeria; we have an energy situation, and the gap between the demand and supply is still very wide. Hence, we will continue to work assiduously and tirelessly towards bridging that gap, creating value for the wider country,” she said.

Omogiafo added that the newly completed 5,000-seat Transcorp Centre in Abuja reflected the company’s commitment to expanding its hospitality business and executing large-scale projects.

“In our hospitality business, the 5,000-seat capacity Transcorp Centre hosting us today is a testament to our disciplined execution, and you will see more in the coming years,” she added.

Shareholders at the meeting commended the company’s management for sustaining profitability and improving shareholder returns.

One of the shareholders, Mrs E.O. Obideyi, praised the board and management for maintaining consistent growth.

“I commend the management and staff of Transcorp for sustained performance year-on-year. While we appreciate the Board, I am also extending my commendation to the members of staff of Transcorp for a job well done,” she said.

Another shareholder, Mr Moses Igrude, said the company had continued to fulfil its corporate vision under Elumelu’s leadership.

“I appreciate the vision behind Transcorp and what it has become. When I look at the history, and how far it has come under Mr Tony Elumelu’s leadership, I am proud that the aim and objectives are being achieved. That payoff line, ‘Improving lives and transforming Africa,’ is a reality we are witnessing,” he said.

Transcorp Group operates major investments in the Nigerian power, hospitality and energy sectors, with interests spanning electricity generation, oil and gas, and hospitality assets.