Transcorp Records N241.5bn Revenue In H1 2026

Transnational Corporation Plc (Transcorp) has reported N241.5 billion in revenue and N75.9 billion profit before tax for the first half of 2026, despite challenges affecting the operating environment.

The company’s results released on the Nigerian Exchange showed that revenue declined from N279 billion recorded in the same period in 2025. Profit before tax also reduced from N85.7 billion, while profit after tax fell to N54.4 billion from N65.2 billion.

The company’s earnings per share stood at N3.23, compared with N4.08 in the first half of 2025. Total equity increased to N367.8 billion from N353.4 billion recorded in December 2025, while cash and cash equivalents reached N20.8 billion.

Transcorp also announced an interim dividend of 40 kobo per share, representing a total payment of N4.065 billion to shareholders.

The company said its performance reflected strong cost control, operational efficiency and effective corporate governance despite difficulties within the business environment.

“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 group noted that the power sector performance was affected by gas supply limitations and challenges with electricity transmission infrastructure, which reduced overall power supply. However, its hospitality business continued to improve services and maximise available opportunities.

Transcorp President and Group CEO Owen Omogiafo said the company maintained strong financial performance despite infrastructure issues and wider economic pressures.

“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.”

He added that the company remains focused on improving lives and supporting Africa’s development through investments in important sectors.

Group Chief Finance Officer Festus Izevbizua said the results demonstrated the strength of the company’s business model. He noted that profit-before-tax margin improved to 31.4 per cent from 30.7 per cent due to cost optimisation and operational improvements.

The company said its diversified businesses, including hospitality, continue to support long-term growth and shareholder value.

How can Nigerian companies maintain growth despite ongoing infrastructure challenges?