Nigerian conglomerate Transcorp has doubled its dividend for the 2025 financial year after reporting record earnings driven by strong performance in its power and hospitality businesses.
The company said it will pay a total dividend of US$0.0013 per share (equivalent to ₦2 per share) for 2025, compared with US$0.00067 per share (₦1 per share) the previous year. The total payout amounts to about US$13.5 million (₦20.3 billion), subject to shareholder approval at its upcoming annual general meeting.
The group, which owns power generation firm Transcorp Power and hospitality subsidiary Transcorp Hotels, said the dividend reflects improved earnings and stronger operational performance across its core businesses.
For the year under review, net profit rose 44.4 percent to about US$90.6 million (₦135.9 billion), up from roughly US$62.7 million (₦94.1 billion) the previous year, supported by higher revenues and stronger contributions from its energy division.
Revenue climbed to approximately US$362.7 million (₦544.1 billion), up about one-third year-on-year, with Transcorp Power contributing around US$225.2 million (₦337.8 billion), a 117.2 percent increase.
The company’s board proposed a final dividend of US$0.0010 per share (₦1.60), adding to an interim dividend of US$0.00027 per share (₦0.40) already paid during the year.
If approved, shareholders will receive the payout on May 8, 2026, with eligibility based on the register of members as of April 27, 2026.
Total assets rose to about US$666.7 million (₦1 trillion), up from roughly US$501.1 million (₦751.6 billion), driven in part by increased trade and other receivables.
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However, receivables also climbed sharply, prompting the company to set aside about US$22.1 million (₦33.2 billion) in provisions for expected credit losses.
The company also reported return on equity of 38.5 percent, slightly lower than the 40.8 percent recorded a year earlier.
Analysts say the results highlight the growing importance of Nigeria’s power sector in driving corporate earnings, particularly for diversified conglomerates exposed to infrastructure and energy markets.
They add that while strong revenue growth supports profitability, rising receivables remain a key risk to watch in coming reporting periods.
Overall, the performance underscores a broader recovery trend among Nigerian listed conglomerates benefiting from stronger energy output and improving operational efficiency.
