Transcorp Declares N20.3bn Dividend at AGM in Abuja

Transnational Corporation Plc announced a total dividend of N20.3 billion, which translates to N2.00 per share, during its 20th Annual General Meeting held in Abuja. The dividend comprises an interim payment of N4.06 billion, representing 40 kobo per share, paid in August 2025, and a final dividend of N16.3 billion, equivalent to N1.60 per share.

The shareholders approved the audited financial statements for the year ending December 31, 2025. Group Chairman Toni Elumelu reiterated the company's commitment to delivering sustainable long-term value to shareholders.

The group reported a combined market capitalization of N4.78 trillion as of May 7, 2026, with significant year-on-year growth metrics, including a 33% increase in revenue to N544 billion for FY 2024 and a 31% rise in profit before tax to N179.5 billion. Elumelu emphasized the company's focus on strong corporate governance and strategic execution, despite macroeconomic challenges, and highlighted the group's efforts to address Nigeria's energy crisis.