Transcorp Group Grows Pre-tax Profit To N85.7bn

Transnational Corporation (Transcorp) Plc has posted a profit before tax of N85.7 billion in its first half (H1) unaudited results for the period ended June 30, 2025.

Subsequently, the company has declared an interim dividend of N4.064 billion, representing 40 kobo per ordinary share, subject to applicable withholding tax.

Transcorp Group’s H1 2025 revenue grew by 59 per cent from N175.4 billion in 2024 to N279.7 billion, while profit before tax grew by 21 per cent to close at N85.7 billion compared to N70.9 billion recorded in H1 2024.

The company said, “Despite continuing economic headwinds, Nigeria’s bellwether stock, with a portfolio that spans power, resources, and hospitality, continues to deliver for shareholders and make significant investments in Nigerian infrastructure.

“Notable highlights of the period included the launch of the Transcorp Centre in Abuja, Nigeria’s state-of-the-art convention and events centre, which has already hosted international leaders and major regional events.”

Speaking on the performance, the chairman of Transnational Corporation Plc, 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.”

Elumelu stated, “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 of Transcorp, Owen Omogiafo, noted that “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 navigate challenges effectively. 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 accelerate our growth trajectory further while strengthening our leadership in Nigeria’s power, hospitality, and energy sectors.”

Transnational Corporation 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 per cent 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.