Ololade Adeyanju/
Shareholders of Transnational Corporation Plc, popularly known as Transcorp Group, have applauded the company’s management after it declared a total dividend payout of ₦20.3 billion at its 20th Annual General Meeting (AGM) held in Abuja.
The dividend payout, amounting to ₦2.00 per share, was approved by shareholders during the AGM held at the newly completed Transcorp Centre Abuja, further reinforcing the conglomerate’s reputation for strong returns and sustained growth.
The total dividend comprises an interim dividend of ₦4.06 billion, representing 40 kobo per share paid in August 2025, and a final dividend of ₦16.26 billion, equivalent to ₦1.60 per share.
At the meeting, shareholders also approved the company’s audited financial statements for the year ended December 31, 2025, as the conglomerate posted impressive financial growth across key performance indicators.
According to the company, revenue rose by 33 per cent from ₦408 billion in 2024 to ₦544 billion in 2025, while Profit Before Tax climbed by 31 per cent to ₦179.5 billion from ₦136.7 billion recorded in the previous year. Profit After Tax also surged by 44 per cent to ₦135.9 billion, compared to ₦94.1 billion in 2024. The Group’s combined market capitalisation stood at ₦4.78 trillion as of May 7, 2026.
Speaking at the AGM, the Group Chairman of Transcorp Plc, Tony O. Elumelu, reaffirmed the company’s commitment to long-term value creation and sound 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,” Elumelu stated, noting that the company’s diversified investment portfolio had helped it weather macroeconomic challenges.
Also speaking, the President and Group Chief Executive Officer, Owen D. Omogiafo, described the 2025 financial year as one driven by “disciplined execution, strategic resolve, and resilient performance.”
She reiterated the company’s commitment to addressing Nigeria’s energy challenges through its investments in the power sector, while highlighting the significance of the newly unveiled 5,000-seat Transcorp Centre Abuja in expanding its hospitality footprint.
Several shareholders commended the Board and management for sustaining profitability and shareholder value.
One of the shareholders, Mrs. E.O. Obideyi, praised the management and staff for maintaining strong performance year after year, while another shareholder, Mr. Moses Igrude, applauded the leadership vision of Elumelu, saying the company’s mission of “improving lives and transforming Africa” was becoming a visible reality.
Transcorp Group is one of Africa’s leading listed conglomerates with strategic investments spanning power, hospitality and energy. Its power subsidiaries, Transcorp Power Plc and Transafam Power, account for more than 20 per cent of Nigeria’s installed electricity capacity.
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