Transnational Corporation Plc has declared a total dividend payout of ₦20.32bn, representing ₦2.00 per share, to shareholders at its 20th Annual General Meeting held at the newly completed Transcorp Centre in Abuja.
The total dividend comprises an interim dividend of ₦4.06bn, equivalent to 40 kobo per share, which was paid in August 2025, alongside a final dividend of ₦16.26bn, representing ₦1.60 per share.
Shareholders approved the company’s audited financial statements for the year ended December 31, 2025, during the meeting.
Speaking at the AGM, the Group Chairman of Transnational Corporation Plc, Tony Elumelu, reaffirmed the company’s commitment to sustainable long-term value creation despite prevailing economic challenges.
According to the company, Transcorp recorded strong year-on-year growth across major financial indicators in 2025, supported by its diversified investments in power, hospitality and energy.
The Group disclosed that revenue increased by 33 per cent to ₦544bn from ₦408bn recorded in 2024.
Profit before tax also rose by 31 per cent to ₦179.5bn compared to ₦136.7bn in the previous year, while profit after tax surged by 44 per cent to ₦135.9bn from ₦94.1bn.
The company further stated that its combined market capitalisation stood at ₦4.78tn, equivalent to $3.52bn, as of May 7, 2026.
Elumelu attributed the Group’s strong performance to disciplined execution and effective corporate governance.
“Transcorp Group remains firmly focused on strong corporate governance and the disciplined execution of its strategic priorities to deliver sustainable, long-term value,” he said.
“Despite a challenging macroeconomic environment, the Group continues to benefit from its diversified portfolio, which has underpinned resilient financial performance in 2025.”
Also speaking, the President and Group Chief Executive Officer of Transnational Corporation Plc, Owen Omogiafo, described the 2025 financial year as a period marked by strategic discipline and operational resilience.
“FY 2025 was a year defined by disciplined execution, strategic resolve, and resilient performance,” Omogiafo stated.
She reiterated the company’s commitment to addressing Nigeria’s energy challenges through continued investments in the power sector.
“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,” she said.
“Hence, we will continue to work assiduously and tirelessly towards bridging that gap, creating value for the wider country.”
Omogiafo also highlighted the newly completed 5,000-seat Transcorp Centre in Abuja as evidence of the company’s growth strategy within the hospitality sector.
“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 Board and management for sustaining growth and delivering improved returns.
One of the shareholders, E. O. Obideyi, praised the company’s consistent performance and staff commitment.
“I commend the management and staff of Transcorp for sustained performance year-on-year,” she said.
Another shareholder, Moses Igrude, applauded the company’s transformation under Elumelu’s leadership.
“I appreciate the vision behind Transcorp and what it has become,” he stated.
“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.”
He added that the company’s corporate vision of “Improving lives and transforming Africa” was becoming a visible reality.
