Transnational Corporation Plc, Africa’s leading listed conglomerate, has announced its half-year 2026 unaudited financial results, delivering resilient profitability and a strong balance sheet in the period while announcing 40k interim dividend.
The financial highlights show that revenue stood at ₦241.5 billion in the first half of 2026, down from ₦279.0 billion recorded in the corresponding period of 2025.
Profit before tax declined to ₦75.9 billion from ₦85.7 billion, while profit after tax fell to ₦54.4 billion from ₦65.2 billion. Earnings per share also decreased to 323 kobo from 408 kobo in H1 2025.
However, total equity increased to ₦367.8 billion from ₦353.4 billion as of December 2025, while cash and cash equivalents stood at ₦20.8 billion, compared with ₦21.9 billion at the end of December 2025.
Transcorp Group’s disciplined cost management and operational efficiency, underpinned by a resilient business strategy and solid corporate governance ethos, delivered a strong revenue and profit performance, with improved margins and ratios notwithstanding challenges in the operating environment.
The power sector was impacted by gas supply constraints, as well as grid-related challenges, which saw a reduction in the overall power supply in the country. The hospitality business continues to innovate and leverage its assets to deliver superior service excellence to the nation.
President/Group CEO, Transnational Corporation Plc, Owen D. Omogiafo, OON, commented: “Despite disruptions to power transmission infrastructure and a challenging macroeconomic environment, Transcorp delivered a strong profit and an even stronger balance sheet, a reflection of our operational discipline and efficiency.
“At Transcorp Group, our operations are driven by our purpose to improve lives and transform Africa. We continue to create impact in the sectors that matter most to Nigeria’s future, and that same conviction continues to guide us through every phase of the cycle.
“Despite the constrained grid infrastructure seen in the first half of the year, we forged ahead, engaging with strategic partners to deliver much-needed power to Nigerians.
“Through our 5,000-capacity, multipurpose event facility, Transcorp Centre, and our flagship 1,000-key Transcorp Hilton Abuja, we have continued to make the Federal Capital Territory the preferred location for business and leisure.
“Our strategy is clear, our balance sheet is robust, and our confidence in the value we are creating for our shareholders remains firm.”
Group Chief Finance Officer, Transnational Corporation Plc, Festus Izevbizua, comments: “These results reflect the quality of the underlying business and resilience of the Group’s earnings.
“Despite a lower revenue base arising from sector-wide power infrastructure constraints, we expanded our profit-before-tax margin to 31.4%, from 30.7% in the prior period, a direct result of disciplined cost optimization and operational efficiency across our businesses.
“Our financial position remains strong, with a robust equity base which grew to N367.8 billion by half-year 2026. Our strength is hinged on the diversified earnings capability from key sectors, including the hospitality business, which grew its profit after tax by 21%.
“This financial foundation gives us the confidence to protect and grow long-term value for our shareholders as operating conditions normalise.”
(The Sun)