Transnational Company Plc, Nigeria’s main listed conglomerate, has introduced its monetary outcomes for the 12 months ended December 31, 2024.
According to its monitor file, the Group sustained its robust development trajectory throughout its monetary indicators, reinforcing its market management and strategic positioning.
In its audited outcomes, Transcorp reported vital year-on-year development, with a income of N408 billion as at December 31, 2024. This represents a 107% improve over the income of N197 billion recorded within the earlier 12 months.
The Group’s revenue earlier than tax grew by 132% to N136.7 billion, in comparison with N58.8 billion within the earlier 12 months. Revenue after tax improved by 188% year-on-year to N94.1 billion in 2024, from N32.6 billion in the identical interval final 12 months. Working revenue elevated by 83% to N149.0 billion in 2024, up from N81.4 billion in 2023.
Working bills noticed a rise of 105% year-on-year, reaching N62.8 billion in 2024. This displays the impression of inflation and strategic investments in operational capability. Internet finance value decreased by 45% to N12.4 billion, owing to the whole reimbursement of overseas forex loans. The Group’s gearing ratio diminished to 21% from 32%, demonstrating optimistic monetary leverage.
Earnings per share for the Group stood at N1.45, in comparison with N0.40 in 2023. Whole belongings expanded by 42%, rising from N529.9 billion in December 2023 to N751.6 billion on the finish of 2024. Shareholders’ funds grew by 45%, from N187.3 billion in December 2023 to N271.7 billion by year-end, supported by revenue accretion to retained earnings. The Group declared a full-year dividend of N10.1 billion, representing N1.00 per peculiar share in 2024.
Talking on the outcomes, Dr. (Mrs.) Owen D. Omogiafo, president and group chief govt officer of Transcorp, commented, “Our 2024 monetary efficiency displays the sustainable worth creation technique of Transcorp Group. We have now been capable of persistently file spectacular development throughout all indices 12 months on 12 months, regardless of the difficult macroeconomic atmosphere. Within the sectors we function, now we have delivered constant development by leveraging operational effectivity, strategic investments, and an uncompromising give attention to worth creation for our shareholders. Wanting forward, we are going to deepen our development trajectory by seizing rising alternatives and strengthening our place throughout Nigeria’s energy, hospitality, and power sectors, at the same time as we contemplate extra sectors that take us nearer to our objective of enhancing lives and remodeling Africa.”
Transcorp stays devoted to its transformation agenda, emphasizing sustained development and a relentless pursuit of long-term worth for shareholders.
