Segun Atanda/
Nigeria’s leading conglomerate, Transnational Corporation Plc (Transcorp Group), has reported strong unaudited financial results for the half year ended June 30, 2025, posting a 59% surge in revenue to N279.7 billion from N175.4 billion in H1 2024. Profit Before Tax (PBT) also rose by 21% to N85.7 billion, up from N70.9 billion in the same period last year.
In line with its commitment to shareholder value, the company announced an interim dividend of N4.064 billion (40 kobo per share), subject to applicable withholding tax.
Despite prevailing economic headwinds, Transcorp maintained a 47% gross profit margin, underscoring its resilience and diversified growth model across power, hospitality, and energy sectors.
Highlighting its infrastructure investments, the company launched the Transcorp Centre in Abuja, a state-of-the-art convention facility that has already hosted major international and regional events, including the AFREXIM Annual Meetings 2025.
Chairman Tony O. Elumelu, CFR, said: “Delivering on our impact-driven mission, we continue to transform Nigeria through strategic investments in power, hospitality, and energy. Our growth demonstrates the strength of our business model and our unwavering commitment to improving lives and rewarding shareholders.”
President/Group CEO Owen Omogiafo, OON, added: “Our robust Q2 results reflect operational excellence and strategic adaptability. With our 5,000-seat Transcorp Centre, we are positioning Nigeria as a hub for world-class conferences while driving leadership in power and energy.”
Transcorp, through its subsidiaries Transcorp Power and Transafam Power, currently supplies over 20% of Nigeria’s installed power capacity and continues to expand its footprint in energy and hospitality with flagship assets such as the Transcorp Hilton Abuja and digital platform Aura by Transcorp Hotels.
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