Transcorp Plc Declares N20.3 Billion Dividend at AGM

Transcorp Plc announced a total dividend of N20.3 billion at its 20th Annual General Meeting (AGM) held in Abuja. The dividend comprises an interim payment of N4,064,799,030, representing 40 kobo per share, paid in August 2025, and a final dividend of N16,259,196,118, equivalent to N1.60 per share.

Shareholders approved the audited financial statements for the year ending December 31, 2025. Group Chairman Toni O. Elumelu reaffirmed the company's commitment to delivering sustainable long-term value creation for shareholders, despite challenges in the macroeconomic environment.

The company reported a 33% increase in revenue to N544 billion for FY 2024, up from N408 billion, and a 31% rise in profit before tax to N179.5 billion, compared to N136.7 billion the previous year. Group CEO Owen D. Omogiafo emphasized the need for disciplined execution of strategies to address Nigeria's energy crisis and enhance the company's financial resilience.