…….. Declares N4.064bn Interim Dividend
Transnational Corporation Plc (Transcorp), Nigeria’s leading conglomerate, has posted Profit Before Tax of N85.7 billion for the period ended June 30, 2025, up from N70.9 billion in the first half of 2024. This represents an increase of 21%. Transcorp also grew its revenue by 59% from N175.4 billion in 2024 to N279.7 billion in the first half of 2025.
In line with its commitment to delivering value to shareholders, the company has declared an interim dividend of ₦4.064 billion, representing 40 kobo per ordinary share subject to applicable withholding tax.
Commenting on the result, Chairman,Transcorp, Tony Elumelu, said:“Delivering on our impact driven, value creating mission, we continue to advance strategic investments across key sectors in Nigeria.In power, Transcorp Power and Transafam Power increasingly innovate to improve lives, transforming Nigeria. In hospitality, we continue to delight our clients and redefine our sector, not least with the opening in Abuja of the Transcorp Centre, Nigeria’s superlative events centre. Our growth demonstrates the resilience and strength of our diversified business model.
We remain dedicated to achieving our strategic vision, rewarding our valued shareholders, and driving the sustainable transformation of Nigeria’s economy.”
President/Group Chief Executive Officer, Owen Omogiafo, comments:“The Q2 2025 financial performance reflects our firm commitment to operational excellence and the resilience inherent in our corporate strategy, which has further enhanced our capacity to effectively navigate challenges. This adaptability has enabled us to thrive within a dynamic business landscape while consistently delivering value to our stakeholders.With our new 5,000-seat capacity event centre, we are positioning Nigeria as the epicentre of high-scale conferences and events, including hosting the recently concluded AFREXIM Annual Meetings 2025. We continuously explore innovative ways to further accelerate our growth trajectory while strengthening our leadership in Nigeria’s power, hospitality, and energy sectors.”
Transnational Corporation Plc (Transcorp Group) is one of Africa’s leading, listed conglomerates, with strategic investments in the power, hospitality, and energy sectors, driven by its mission to improve lives and transform Africa.Transcorp’s power businesses, Transcorp Power Plc and Transafam Power, provide over 20% of Nigeria’s installed power capacity. Transcorp is committed to developing Nigeria’s domestic energy value chain through its investments in OPL281. The Group’s hospitality business, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and has launched the digital platform Aura by Transcorp Hotels.
