Transcorp wows shareholders with ₦20.3 billion dividend at 20th AGM

Transnational Corporation Plc (“Transcorp Group” or the “Company”) (NGX: TRANSCORP), Africa’s leading listed conglomerate with strategic investments in the energy, hospitality and power sector, declared a total dividend of ₦20,323,995,148, equivalent to ₦2.00 per share to its shareholders, at its 20th Annual General Meeting (AGM), held at the new and state-of-the-art Transcorp Center Abuja.

The total dividend includes an interim dividend of ₦4,064,799,030, equivalent to 40 kobo per share, paid in August 2025, along with a final dividend of ₦16,259,196,118, equivalent to ₦1.60 per share.

At the AGM, where shareholders approved the audited financial statements for the year ended 31 December 2025, Transcorp Plc Group Chairman, Tony O. Elumelu, CFR, reiterated the company’s commitment to delivering long-term sustainable value creation while shareholders commended the conglomerate and its management for sustained performance.

In 2025, the Group, with a combined market capitalization of ₦4.78 trillion ($3.52 billion) as of May 7, 2026, recorded strong year-on-year growth across all key metrics. Revenue increased 33% to ₦544 billion (FY 2024: ₦408 billion). Profit before tax increased by 31% to ₦179.5 billion (FY2024: ₦136.7 billion), while profit after tax increased by 44% to ₦135.9 billion (FY2024: ₦94.1 billion)

Tony O. Elumelu, CFR, Group President, Transnational Corporation Plc said:

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

Ms. Owen D. Omogiafo, OON, Group President/CEO, Transnational Corporation Plc said:

“Fiscal 2025 was a year characterized by disciplined execution, strategic determination and resilient performance. Transcorp Group is committed to solving the energy crisis in Nigeria; we have an energy situation and the gap between supply and demand is still very wide. Therefore, we will continue to work assiduously and tirelessly to bridge that gap, creating value for the country at large. In our hospitality sector, the 5,000-seat Transcorp Center that hosts us today is a testament to our disciplined execution, and you’ll see more in the coming years.

Commenting on the performance, one of the shareholders, Mrs EO Obideyi, praised the management of Transcorp Group, saying: “I congratulate the management and staff of Transcorp for their consistent performance year after year. While I appreciate the Board, I also extend my praise to the staff members of Transcorp for a job well done.”

Another shareholder, Moses Igrude, praised Transcorp Plc’s board of directors, management and staff. He said: “I appreciate the vision behind Transcorp and what it has become. When I look at the history and how far it has come under the leadership of Tony Elumelu, I am proud that the purpose and objectives have been achieved. That reward line, ‘Improving lives and transforming Africa’, is a reality we are witnessing.

Transnational Corporation Plc (Transcorp Group) is a leading publicly traded African conglomerate, with strategic investments in the energy, hospitality and energy sectors, driven by its mission to improve lives and transform Africa.

The Group’s energy businesses, Transcorp Power Plc and Transafam Power, provide more than 20% of Nigeria’s installed electricity capacity. Transcorp is also advancing Nigeria’s domestic energy value chain through its investment in OPL281. Its hospitality subsidiary, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja and the landmark Transcorp Center Abuja.