Nigeria’s Tony Elumelu: Transcorp Power Surges with ₦205.8 Billion Revenue, Declares ₦11.25 Billion Dividend.

Nigeria’s Tony Elumelu: Transcorp Power Surges with ₦205.8 Billion Revenue, Declares ₦11.25 Billion Dividend.

The Nigerian World – Business

The news as it trends.

Transcorp Power Plc has announced an impressive revenue of ₦205.8 billion for the first half of 2025, marking a 52% increase compared to the previous year.

The profit before tax rose to ₦58.7 billion, thanks to improved power generation and more efficient operations.

In recognition of this success, Transcorp declared an interim dividend of ₦11.25 billion—₦1.50 per 50 kobo share—highlighting its robust financial position and strong confidence from investors.

An interim dividend represents a portion of profits distributed before the end of the fiscal year, acting as a token of gratitude to dedicated shareholders.

In spite of ongoing economic challenges, particularly in Nigeria’s business environment, Transcorp’s performance demonstrates the effectiveness of strategic investments and prudent cost management.

However, Transcorp is not solely a power provider.

As one of Nigeria’s most varied conglomerates, it has interests in power, hospitality, oil and gas, and new ventures.

Through Transcorp Power and TransAfam Power, it contributes over 20% of Nigeria’s total electricity supply.

Its hospitality presence includes Transcorp Hilton Abuja, Transcorp Hotels Calabar, and Aura.

In the oil and gas sector, Transcorp promotes energy independence through exploration and refining activities.

Additionally, it is venturing into agro-processing and renewable energy initiatives.

The company is predominantly owned by billionaire Tony Elumelu, who possesses over 30% through Heirs Holdings and HH Capital Ltd.

Yetunde B reports for Yeyetunde’s Blog. 

 

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