Transnational Corporation Plc (Transcorp) has announced a significantly higher dividend payout for its 2025 financial year, reinforcing a year of strong earnings growth, expanding revenue streams, and improved shareholder value.
The company declared a final dividend of N1.60 per ordinary share, payable to shareholders whose names appear on its register as of April 27, 2026. The payout, which is subject to approval at the company’s 20th Annual General Meeting scheduled for May 8, 2026, will also be subject to withholding tax.
If approved, eligible shareholders will receive their payments electronically on May 8, 2026, in line with Transcorp’s e-dividend registration requirements.
Total dividend doubles year-on-year
When combined with the interim dividend of N0.40 paid on August 19, 2025, the total dividend for the 2025 financial year comes to N2.00 per share.
This represents a sharp increase from the N1.00 per share paid in 2024, effectively doubling year-on-year returns to shareholders.
Based on an outstanding share count of 10.16 billion units, the final dividend alone is valued at approximately N16.2 billion, according to data from the Nigerian Exchange.
Overall, the total dividend payout for 2025 is estimated at N20.3 billion, with a dividend yield of about 4% at a share price of N50. The payout ratio stands at 14.95%, up from 10.80% in the previous year, indicating a larger proportion of profits being returned to investors.
Strong earnings growth underpins payout
The improved dividend follows a year of robust financial performance across Transcorp’s core business segments.
Retained earnings rose sharply to N181.1 billion, compared to N62.1 billion in 2024, now accounting for over half of total equity, which stood at N353.3 billion.
Earnings per share surged to N8.44 from N1.45, reflecting stronger profitability and operational efficiency.
On the revenue front, Transcorp recorded N544.1 billion in 2025, up from N407.9 billion the previous year.
A breakdown of performance shows the power segment—driven by electricity energy and capacity services—remained the dominant revenue contributor with N447.1 billion. The hospitality arm also contributed N97.03 billion, highlighting continued diversification beyond power generation.
Profit rises despite higher costs
Despite increased operating expenses, the group posted a stronger operating profit of N197.3 billion, compared with N149 billion in 2024.
After accounting for an FX loss of N457.9 million, finance income of N1.2 billion, and finance costs of N18.6 billion, pre-tax profit rose to N179.5 billion, marking a 31.34% increase from N136.6 billion in the prior year.
Tax expenses of N43.5 billion reduced post-tax profit to N135.9 billion, still representing a solid improvement in annual earnings performance.
Balance sheet strength expands
Transcorp also strengthened its financial position, with total assets rising to N1.002 trillion, up from N751.5 billion in the previous year.
The company’s board reiterated that shareholders must complete e-dividend registration to receive payments, urging investors to contact its registrar, Africa Prudential, to ensure compliance.
Market performance and outlook
On the Nigerian Exchange, Transcorp’s shares have delivered a 10.13% return so far in 2026, reflecting positive investor sentiment supported by stronger fundamentals and improved dividend expectations.
The latest results position the conglomerate as one of the more closely watched dividend-paying stocks on the exchange, with investors now looking toward whether sustained earnings growth can support continued increases in payouts in the coming years.