Transcorp Hotels’ shareholders approveN13.32bn dividend at AGM
Transcorp Hotels Plc (“Transcorp Hotels” or “the Company”) (NGX: TRANSCOHOT), the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has declared a total dividend of N13.32 billion, representing N1.30 per
Transcorp Hotels Plc (“Transcorp Hotels” or “the Company”) (NGX: TRANSCOHOT), the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has declared a total dividend of N13.32 billion, representing N1.30 per share, at its 12th Annual General Meeting, which was held at the prestigious Transcorp Hilton Abuja.
The total dividend consists of an interim dividend payment of N1.02 billion, equivalent to 10 kobo per share, which was paid in August 2025, together with a final dividend of N12.29 billion, representing N1.20 per share.
At the meeting, shareholders applauded the record performance of the company across all parameters, with the 5,000-capacity multipurpose events centre receiving high accolades.
Read Also: Nigeria embarks on major tax overhaul to boost growth, efficiency – JRB boss
They approved the Audited Financial Statements for the year ended December 31, 2025, reporting a record revenue of N97.04 billion—representing a 38% year-on-year increase and a 47% rise in Profit After Tax to N21.85 billion.
In a statement by the Board Chairperson, Dr Awele V. Elumelu, OFR, Transcorp Hotels Plc, she stated that “In 2025, Transcorp Hotels Plc delivered a strong year-on-year performance across all key financial indicators. Revenue increased by 38%, rising from N70 billion to N97 billion, while Profit Before Tax grew by 45%, from N22.6 billion to N32.8 billion.
“The Board remains committed to sustainable value creation and enhanced shareholder returns. Accordingly, we approved a dividend payout representing a 76% year-on-year increase.
With a positive outlook, disciplined governance, and an unwavering focus on excellence, the Company is well-positioned to consolidate its leadership and continue delivering long-term value to its shareholders and stakeholders.”
