Transcorp Group

Today, Transcorp Power successfully listed its shares by introduction on the Main Board of the Nigerian Exchange Group (NGX Group), adding more than N1.8 trillion to the market capitalization of the NGX. The listing was marked by a ceremonial Closing Gong event and complemented by a detailed “Facts Behind the Listing” presentation. Transcorp Power Plc listed its shares at N240 per share and closed the first day of trading at N264 per share, the company traded over 10.56 billion shares. Transcorp Power’s listing is in line with our investment philosophy; unlocking value and creating wealth for our stakeholders. Congratulations to the Transcorp Power team as they begin this new phase. The opportunities are as boundless as our ambition and the impact we aim to create. #TranscorpGroup #TranscorpPower #TranscorpTransforms

Africa stands at a critical moment—an opportunity we must seize to ensure a sustainable energy future. Speaking on how the energy transition can be financed while ensuring global energy security at the Future Investment Initiative, our President/Group CEO, Owen Omogiafo OON, emphasised that the energy transition is a luxury we cannot afford without first addressing energy poverty. We are committed to bridging this gap by investing in innovative technologies and optimising our existing energy sources. #AfricaAtFII8 #EnergySufficiency #TranscorpTransforms

Over 50% of the [African] continent lacks access to electricity. Without access to electricity, Africa cannot industrialise, and without industrialisation on the continent, jobs will not be created." – Tony O. Elumelu, C.F.R We are pushing to transform this reality by powering homes, industries, and dreams across Africa. Our focus is to drive energy solutions that go beyond powering lights, we want to fuel opportunities, stability, and growth for the next generation. This is where real change starts. #AfricaAtFII8 #EnergySufficiency  #TranscorpTransforms

At the HERizon Summit at the Future Investment Initiative today, our President/GCEO highlighted how women are key to driving sustainable supply chains. “Energy is a catalyst for development, peace, and growth. We are seeing a rising interest from women in the energy sector, largely due to more women pursuing careers in science and a strong focus on women’s empowerment. More women are now studying the sciences.” - Owen Omogiafo OON Click the link below to watch her full panel session. https://lnkd.in/dC_Vm7qV

Our Q3 2024 results are here! We achieved a total revenue of N298 billion, a remarkable 133% increase from N128 billion in Q3 2023. Profit before tax also grew by 303% to N105.5 billion from N26.2 billion in September 2023. Click the link below to read the full release. https://lnkd.in/dbz2WZKV

Transcorp Group Announces Further Impressive Financial Results Q3 2024 Figures Reveal 133% Revenue Growth and 303% Surge in Profits Transnational Corporation Plc (Transcorp Group), Nigeria’s leading listed conglomerate, has reported its financial results for the third quarter ending September 30, 2024, showcasing remarkable year-on-year growth. The Group’s Q3 2024 unaudited results demonstrate strength across key financial performance measures, highlighting the success of its growth-driven strategy. In Q3 2024, Transcorp Group achieved revenue of N298 billion, a 133% increase from N128 billion recorded in the same period of 2023. Profit before tax (PBT) increased by a remarkable 303%, to N105.5 billion, compared to N26.2 billion recorded in Q3 2023, further solidifying the Group’s position in Nigeria’s business landscape. Read more. https://lnkd.in/dbz2WZKV

Transcorp Plc completes share capital reconstruction to enhance shareholder value. Transnational Corporation Plc (Transcorp Group), Nigeria’s leading listed conglomerate, has announced the successful completion of its share reconstruction, a strategic action aimed at maximising long-term shareholders’ value. The share reconstruction involved a consolidation of the total number of issued shares at a ratio of 1 to 4, reducing the total issued and fully paid shares of Transcorp Group 40.6 billion shares to 10.2 billion shares. Whilst the number of shares reduced pro rata, the total value of shareholders’ investments remains unchanged with no dilutive impact to shareholders. Read more. https://lnkd.in/dUivRCpv

Our Chairman, Tony O. Elumelu, C.F.R engaged in an insightful conversation with Eleni Giokos, Anchor & Correspondent at CNN, during his plenary session at the Future Investment Initiative in Riyadh today. He emphasised the urgent need to invest in Africa’s youth, sharing how his journey was shaped by opportunity and 'luck.' “I am a product of luck, and because of this luck, I needed to prioritise these young Africans, invest in them, invest in their future, give them economic opportunities and the luck I had growing up” he shared. With over 60% of Africa’s population under 30, turning “luck” into real, tangible opportunities for our youth is crucial. At Transcorp, we believe the private sector must play a vital role in paving the way for young people to succeed. This is why we are committed to empowering the next generation through our investments and partnerships to realise their potential and drive Africa’s transformation. Click the link to watch the full conversation: https://lnkd.in/dH2-aHMs

Only 1 day to go until our President/ GCEO, Dr. Owen Omogiafo OON joins other industry leaders at the Future Investment Initiative to discuss how women can power sustainable supply chains. Stay tuned for updates from this insightful conversation. #FII8 #OwenOmogiafo #TranscorpGroup

The countdown to the 2024 Future Investment Initiative (FII) has begun. We are proud to announce that our President/GCEO, Dr. Owen Omogiafo OON will speak at the Herizon Summit. Stay tuned for more details. #FII8 #OwenOmogiafo #TranscorpGroup