Transnational Corporation Plc Transcorp Group has recorded a 21 per cent increase in Profit Before tax, PBT, to N85.7 billion in the first half of 2025, H125 from N70.9 billion in the same period of 2024, H124.
The increase in profitability was driven by a 59 growth in revenue to N279.7 billion in H125 from N175.4 billion in H124.
Consequently, Transcorp declared an interim dividend of N4.064 billion, amounting to 40 kobo per share, subject to applicable withholding tax.
Transcorp Group Chairman, Tony O. Elumelu attributed the performance to strategic execution and strong fundamentals: "We are focused on impact-driven investments that strengthen Nigerias economy and deliver long-term value."