Transcorp Group Assets Hit N1trn, As Shareholders Approve N2 Dividend Per Share

The Transnational Corporation Plc (Transcorp Group) has grown its  total assets  to N1.002 trillion in  the 2025 financial year, a 33 per cent increase from N751 billion in 2024.

This is as the group confirmed that the federal government has began the  settlements of longstanding debts owed to power generation companies.

Chairman of Transcorp Group, Tony Elumelu, addressing shareholders at the group’s 20th Annual General Meeting (AGM) in Abuja on Friday,  attributed the growth to disciplined capital management, operational efficiencies, and robust governance amid macroeconomic headwinds and market volatility.

At the AGM, shareholders of the group also approved a total dividend of N2.00 per share for the 2025 financial year, comprising an interim dividend of 40 kobo and a final dividend of N1.60, amounting to a total payout of over N20.32 billion.

Elumelu also highlighted that revenue rose by 33 per cent to N544 billion, propelled by contributions from power and hospitality segments.

Profit before tax rose 31 per cent to N179.5 billion, while profit after tax surged 44 per cent to N135.9 billion, reflecting enhanced margins and asset optimization.

Shareholders’ funds expanded 47 per cent to N353 billion, underscoring improved capitalisation.

The group’s market capitalisation stood at N4.51 trillion by year-end, with two subsidiaries independently valued at N1.75 trillion and N2.3 trillion, signaling untapped portfolio potential and bolstering investor sentiment in Nigeria’s capital markets.

The board recommended a total dividend of N2.00 per share for 2025—comprising a 40 kobo interim payout in August and a proposed N1.60 final—amounting to over N20.3 billion.

Elumelu noted this marked a leap from earlier “kobo-denominated” dividends, aligning with the group’s commitment to long-term value creation.

The chairman reiterated the group’s strategy of investing in high-growth areas like electricity, hospitality, and energy to foster economic development

The dividend consists of an interim dividend of 40 kobo paid in August 2025 and a final dividend of N1.60 per share approved at the company’s 20th Annual General Meeting.

The total dividend payout amounts to over N20.3 billion.

Elumelu said the group recorded major operational and strategic milestones during the year across its power, hospitality and energy businesses.

According to him, the company intensified efforts to optimise key assets and strengthen investments in high-growth sectors.

President and Group CEO, Dr Owen Omogiafo disclosed that reconciliation agreements have been signed for subsidiary debts under Transcorp Power Plc and Transafam Power Limited, with payments already underway for Transafam and scheduled later this year for Transcorp Power.

This followed President Bola Tinubu’s approval of a N3.3 trillion plan to tackle Nigeria’s N6.8 trillion legacy debts to generation companies and gas suppliers as of March 2026—accumulated mainly from 2015-2025 due to unpaid invoices and subsidy shortfalls.

Omogiafo described it as “the greatest progress we have made as it relates to dealing with the historical debt,” praising government acknowledgment of the crisis and recent appointments like a Special Adviser on Power.

However, she cautioned that gas supply constraints and transmission bottlenecks persist, necessitating deeper reforms for supply stability.

“It’s common knowledge about the challenges the power sector is facing… but despite the challenges, we were able to produce the kind of results that we have produced,” Omogiafo told journalists on the AGM sidelines.

The group’s results showed that Transcorp Power Plc lifted average available capacity to 550 megawatts (MW) from 477 MW, achieving a peak of 625 MW and average generation of 391 MW (up from 332 MW).

Transafam Power Limited boosted available capacity to 348 MW from 250 MW, with average generation at 102 MW.

In hospitality, Transcorp Hotels Plc capitalised on surging demand, augmented by a new 5,000-seat event centre in Abuja that has elevated its stature in Nigeria’s meetings and conferences sector. Omogiafo reaffirmed the 315-room Transcorp Hilton Ikoyi project in Lagos as a flagship initiative, linking its pre-2030 completion to personal and corporate milestones.

Omogiafo stressed adaptability: “There will always be challenges. That’s just the reality. But it’s what you do with those challenges and how you create opportunities out of them.”