Kate Benson

Transnational Corporation Plc has announced a total dividend payout of ₦20,323,995,148 for its shareholders, translating to ₦2.00 per share, at its 20th Annual General Meeting held at the newly commissioned Transcorp Centre in Abuja.

The dividend package comprises an interim dividend of ₦4,064,799,030 (40 kobo per share), which was paid in August 2025, and a final dividend of ₦16,259,196,118 (₦1.60 per share), approved at the AGM alongside the company’s Audited Financial Statements for the year ended December 31, 2025.

Group Chairman, Tony O. Elumelu, reaffirmed the company’s focus on long-term value creation, strong governance and disciplined execution, noting that the conglomerate continues to perform despite macroeconomic pressures.

He stated:

“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.”

The company reported significant growth across its key financial indicators for the 2025 financial year. Revenue rose by 33% to ₦544 billion compared to ₦408 billion in 2024, while Profit Before Tax increased by 31% to ₦179.5 billion. Profit After Tax also recorded a strong 44% jump, reaching ₦135.9 billion from ₦94.1 billion in the previous year.

Managing Director and Group CEO, Owen D. Omogiafo, described 2025 as a year of “disciplined execution, strategic resolve, and resilient performance,” adding that the group remains committed to addressing Nigeria’s power sector challenges.

“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 pointed to developments in the hospitality arm of the business, highlighting the 5,000-seat capacity Transcorp Centre in Abuja as evidence of the group’s expansion strategy and operational execution.

Shareholders at the meeting commended the company’s performance and leadership. One shareholder, Mrs. E. O. Obideyi, praised both management and staff for consistent year-on-year growth.

“I commend the management and staff of Transcorp for sustained performance year-on-year… 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, also lauded the company’s trajectory under Tony Elumelu’s leadership, describing its progress as a fulfilment of its long-standing vision.

“I appreciate the vision behind Transcorp and what it has become… 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.

With a combined market capitalisation of about ₦4.78 trillion ($3.52 billion) as of May 7, 2026, Transcorp Group continues to position itself as one of Nigeria’s leading diversified conglomerates, with interests spanning power, hospitality, and other strategic sectors.