The Transcorp Group has paid a total of N20,323,995,248 to its shareholders, representing N2 per share, according to the conglomerate's chairman, Tony Elumelu. He made the announcement during the 2025 annual report and financial statement presentation in Abuja.
Strong Financial Performance
Elumelu attributed the group's robust 2025 financial performance to the dedication of management, the board, and shareholders. He noted that profit rose by over 30 percent during the financial year, reflecting the company's commitment to transforming lives and deepening investments in critical sectors. Shareholders who previously complained about minimal dividends are now witnessing significant value creation as the company pursues stronger earnings and sustainable growth.
Investment in Key Sectors
Elumelu described Transcorp as an iconic Nigerian institution determined to expand its impact across electricity, hospitality, oil and gas, and renewable energy. He emphasized that investment in electricity is central to economic transformation, as improved access to power can raise living standards, drive industrial growth, and create jobs for millions of young Nigerians. The group's hospitality investments aim to attract foreign and domestic investors by providing world-class facilities and boosting confidence in the economy.
“Our investment in power generation, power distribution, hospitality, oil and gas and renewable energy is all geared towards improving lives and making Nigeria a better place for everyone,” Elumelu said.
Overcoming Power Sector Challenges
Group Chief Executive Officer Owen Omogiafo acknowledged persistent challenges in the power sector, including gas supply constraints and transmission infrastructure deficits. However, she stated that the company remains focused on turning challenges into opportunities through disciplined execution and stakeholder engagement. “We are happy in Transcorp Group to be leading the charge on dealing with the energy challenges and making sure that we provide much-needed energy for our people,” she said.
Hospitality and Infrastructure Milestones
Omogiafo highlighted that the iconic Transcorp Hilton Abuja will celebrate its 40th anniversary next year. She described the newly developed Transcorp Event Centre as evidence that significant investment opportunities still exist in Nigeria despite economic headwinds. She stressed that Nigeria is open for business and that local investors must take the lead in developing the country and the African continent.
Debt Settlement Progress
Regarding the long-standing debt owed to generation companies in the power sector, Omogiafo commended the administration of Bola Tinubu for making the most significant progress yet in addressing historical liabilities. Both Transcorp Power and TransAfam have signed settlement reconciliation agreements with the Federal Government, with payment implementation expected to commence within the year. She also praised recent leadership changes in the power sector, including the appointment of a special adviser on power, which have improved investor confidence.
Shareholders' Funds and Future Outlook
Omogiafo disclosed that shareholders' funds increased by 47 percent to over N350 billion, underscoring the company's commitment to sustainable value creation. Looking ahead, Elumelu assured investors that the company would sustain its growth trajectory. He recalled that Transcorp shares once traded below one naira and dividends stood at just a few kobo. “Today we are pushing towards N50 per share, paying dividends in naira and creating sustainable value,” he said.
Operational Highlights
Average available capacity at Transcorp Power increased from 477MW in 2024 to 550MW in 2025, a 15 percent increase, with a peak capacity of 625MW. Average generation rose from 332MW to 391MW, with a peak generation of 553MW representing 88.5 percent utilization. Similarly, Transafam Power Limited increased its average available capacity from 250 MW to 348 MW, a 39 percent increase, while average generation improved significantly to 102 MW in 2025, up from 53 MW in 2024. Elumelu highlighted that these milestones were achieved despite severe gas supply constraints and grid evacuation challenges.
Transcorp Hotels Plc delivered a historic full-year revenue of about N97 billion while advancing plans for the development of a 315-key, five-star hotel in Ikoyi, incorporating a relaxation and lifestyle centre. Looking ahead to 2026, Transcorp Group said it will continue to prioritize strategic initiatives that enhance capacity, efficiency, and reliability across the value chain.
