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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Transcorp

TRANSCORP · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Transnational Corporation Plc
Listing
TRANSCORP on the Nigerian Exchange, active · ISIN NGTRANSCORP7 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · audited financial statements, final status not established · source

Read with these figures

  • Audited financial statements not confirmed as final. The published copy is unsigned. The FY2025 figures come from it.
Full wording and sources

  • Audited financial statements for 2025: final status not established

    Independent auditor's report to the shareholders (opinion PDF p26, unqualified) closes on PDF p31 with 'Ngozika Emeka-Eze, FCA - FRC/2013/PRO/ICAN/004/00000001817, For: Deloitte & Touche (FRC/2022/Coy/091021), Chartered Accountants, Lagos, Nigeria, 24 February 2026' typeset and the ICAN seal (0835599), but no visible handwritten or script signature (page image; name_printed_unsigned). The statement of financial position (PDF p33) carries handwritten signatures of the chairman (Tony O. Elumelu), the group CFO (Festus Izevbizua) and the President/Group CEO (Owen Omogiafo), with approval printed as '23 February, 2025' (sic; page image).

    Source: Transnational Corporation Plc Consolidated and Separate Financial Statements for the year ended 31 December 2025 (dated 2026-02-24)

  • Revenue

    NGN 544 billion

    544,140,613 NGN thousands · p32

    +33.4% vs 2024

  • Operating profit / (loss)

    NGN 197 billion

    197,342,281 NGN thousands · p32

    +32.4% vs 2024

  • Profit / (loss) for the year

    NGN 136 billion

    135,909,870 NGN thousands · p32

    +44.4% vs 2024

  • Total assets

    NGN 1.00 trillion

    1,002,342,622 NGN thousands · p33

    +33.4% vs 2024

  • Total equity

    NGN 353 billion

    353,385,406 NGN thousands · p33

    +47.1% vs 2024

  • Cash from operations

    NGN 39.2 billion

    39,180,917 NGN thousands · p36

    −50.0% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — audited financial statements, final status not established; reported for the year · source
  • FY2024 — audited financial statements, final status not established; comparative in the FY2025 filing · source
  • FY2023 — audited financial statements, signed / final; reported for the year · source
  • FY2022 — audited financial statements, signed / final; comparative in the FY2023 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025; FY2023 — audited financial statements (signed / final), as reported for the year; FY2022 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2023.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Audited financial statementsreported for the yearFY2022Audited financial statementscomparative in FY2023 filing
Revenue 544,140,613 407,915,908 196,989,632 133,718,490
Cost of sales (269,590,942) (212,249,834) (87,845,762) (67,949,865)
Gross profit 274,549,671 195,666,074 109,143,870 65,768,625
Other gains or (losses)1 12,712,381 5,317,189 2,886,441 3,440,479
Gain on the disposal of shares2 –3 10,907,442 Not reported in this filing4 Not reported in this filing5
Impairment loss on financial assets (12,805,370) (8,925,211) (2,634,673) (677,277)
Impairment loss on PPE6 (4,885,620) –3 Not reported in this filing7 Not reported in this filing8
Administrative expenses (72,228,781) (53,924,899) (26,942,911) (21,976,416)
Operating profit 197,342,281 149,040,595 81,441,083 46,555,411
Net foreign exchange (loss)/gain9 (457,950) 4,345,733 945,040 251,824
Finance income 1,218,212 1,814,739 1,424,671 117,166
Finance cost (18,600,108) (18,532,821) (25,004,789) (16,541,050)
Profit before tax 179,502,435 136,668,246 58,806,005 30,383,351
Income tax (43,592,565) (42,579,495) (26,169,757) (13,299,040)
Profit for the year 135,909,870 94,088,751 32,475,394 16,839,723
Gain on valuation of investments in equity instruments1011 7,576,091 4,042,958 8,712,952 (215,656)
Net gain/(loss) from changes in actuarial assumptions1213 80,058 (222,132) (56,492) Not reported in this filing14
Tax (expense)/credit on actuarial losses1516 (26,419) 73,304 18,642 Not reported in this filing17
Items that will be reclassified to profit or loss18 –19 –19 –19 –19
Other comprehensive income for the year20 7,629,730 3,894,130 8,675,102 (215,656)
Total comprehensive income for the year 143,539,600 97,982,881 41,150,496 16,624,067
Non-controlling interest21 50,121,099 42,563,837 16,097,562 9,051,888
Owners of the parent22 91,914,351 55,454,525 25,061,957 7,572,179
Non-controlling interest23 51,625,249 42,528,356 16,088,539 9,051,888
Impairment loss on goodwill24 Not reported in this filing25 Not reported in this filing26 (1,011,644) –3
Profit for the year from continuing operations27 Not reported in this filing28 Not reported in this filing29 32,636,248 17,084,311
Loss for the year from discontinued operations30 Not reported in this filing31 Not reported in this filing32 (160,854) (244,588)
  1. Printed “-”, read as nil: subtotal_arithmetic: is.operating_profit.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (30)
  1. Printed under different labels across filings: “Other gains or (losses)”; “Other gains or losses”.
  2. “Gain on the disposal of shares” is an issuer-specific line, not mapped to a shared definition: Note 11.2.
  3. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p24) has no 'Gain on the disposal of shares' line for 2023; between 'Other gains or losses' and 'Administrative expenses' it prints 'Impairment loss on financial assets' and 'Impairment loss on goodwill'. Checked on the page image.
  4. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p24) has no 'Gain on the disposal of shares' line for 2022; between 'Other gains or losses' and 'Administrative expenses' it prints 'Impairment loss on financial assets' and 'Impairment loss on goodwill'. Checked on the page image.
  5. “Impairment loss on PPE” is an issuer-specific line, not mapped to a shared definition: Note 20.
  6. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p24) has no 'Impairment loss on PPE' line for 2023; its impairment lines are 'Impairment loss on financial assets' and 'Impairment loss on goodwill'. Checked on the page image.
  7. Not reported in this filing: Not printed: the FY2023 consolidated statement of profit or loss and OCI (p24) has no 'Impairment loss on PPE' line for 2022; its impairment lines are 'Impairment loss on financial assets' and 'Impairment loss on goodwill'. Checked on the page image.
  8. Printed under different labels across filings: “Net foreign exchange (loss)/gain”; “Net foreign exchange gain”.
  9. “Gain on valuation of investments in equity instruments” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 25).
  10. Printed under different labels across filings: “Gain on valuation of investments in equity instruments”; “Gain/(loss) on valuation of investments in equity instruments”.
  11. “Net gain/(loss) from changes in actuarial assumptions” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 39).
  12. Printed under different labels across filings: “Net Loss from changes in acturial assumptions”; “Net gain/(loss) from changes in actuarial assumptions”.
  13. Not reported in this filing: The line 'Net Loss from changes in acturial assumptions' carries a 2023 amount only; the 2022 column is blank (p24). Blank confirmed on the page image; not interpreted as nil.
  14. “Tax (expense)/credit on actuarial losses” is an issuer-specific line, not mapped to a shared definition: OCI, not reclassified (note 39).
  15. Printed under different labels across filings: “Tax (expense)/credit on actuarial losses”; “Tax credit on actuarial losses”.
  16. Not reported in this filing: The line 'Tax credit on actuarial losses' carries a 2023 amount only; the 2022 column is blank (p24). Blank confirmed on the page image; not interpreted as nil.
  17. “Items that will be reclassified to profit or loss” is an issuer-specific line, not mapped to a shared definition: OCI, may be reclassified; printed dashes.
  18. Printed under different labels across filings: “Other comprehensive income for the year”; “Other comprehensive income/(loss) for the year”.
  19. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Printed attribution.
  20. “Owners of the parent” is an issuer-specific line, not mapped to a shared definition: Printed attribution.
  21. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: Printed attribution (note 41).
  22. “Impairment loss on goodwill” is an issuer-specific line, not mapped to a shared definition: Note 27; 2022 printed '-'.
  23. Not reported in this filing: Not printed: the FY2025 consolidated statement of profit or loss and OCI (p32) has no 'Impairment loss on goodwill' line for 2025; its impairment lines are 'Impairment loss on financial assets' and 'Impairment loss on PPE'. Checked on the page image.
  24. Not reported in this filing: Not printed: the FY2025 consolidated statement of profit or loss and OCI (p32) has no 'Impairment loss on goodwill' line for 2024; its impairment lines are 'Impairment loss on financial assets' and 'Impairment loss on PPE'. Checked on the page image.
  25. “Profit for the year from continuing operations” is an issuer-specific line, not mapped to a shared definition: Profit after tax from continuing operations.
  26. Not reported in this filing: Not printed: the FY2025 consolidated statement of profit or loss and OCI (p32) has no continuing-operations subtotal for 2025; after 'Income tax' it prints 'Profit for the year' directly, with no discontinued-operations section. Checked on the page image.
  27. Not reported in this filing: Not printed: the FY2025 consolidated statement of profit or loss and OCI (p32) has no continuing-operations subtotal for 2024; after 'Income tax' it prints 'Profit for the year' directly, with no discontinued-operations section. Checked on the page image.
  28. “Loss for the year from discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 27.2.
  29. Not reported in this filing: Not printed: the FY2025 consolidated statement of profit or loss and OCI (p32) has no discontinued-operations line for 2025; after 'Income tax' it prints 'Profit for the year' directly. Checked on the page image.
  30. Not reported in this filing: Not printed: the FY2025 consolidated statement of profit or loss and OCI (p32) has no discontinued-operations line for 2024; after 'Income tax' it prints 'Profit for the year' directly. Checked on the page image.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025; FY2023 — audited financial statements (signed / final), as reported for the year; FY2022 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2023.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Audited financial statementsreported for the yearFY2022Audited financial statementscomparative in FY2023 filing
Property, plant and equipment 312,763,305 310,491,396 294,520,208 288,442,355
Right-of-use assets 61,488 118,247 175,006 231,765
Investment properties 17,000,000 6,900,000 4,600,000 3,740,000
Goodwill1 28,959,387 28,959,387 28,959,387 30,934,143
Other intangible assets 11,714,783 17,399,314 11,445,973 10,384,186
Investments in subsidiaries2 –3 –3 –3 –3
Investment in financial asset4 46,171,728 18,217,915 14,156,499 5,278,575
Other Investments5 12,800,450 22,178,172 1,800,450 1,800,450
Prepayments and other assets6 17,454 32,506 22,154 21,572
Long-term receivables7 1,631,250 1,856,250 Not reported in this filing8 Not reported in this filing9
Non-current assets (unlabelled subtotal) 431,119,845 406,153,187 355,679,677 340,833,046
Inventories 5,809,095 4,683,722 3,984,305 5,419,123
Deposit for Investments10 –11 –11 Not reported in this filing12 Not reported in this filing13
Trade and other receivables 542,098,681 320,643,269 146,398,317 82,641,126
Prepayments and other assets6 1,430,049 2,116,172 4,384,795 4,431,381
Cash and bank balances 21,884,952 17,966,955 16,577,762 9,378,246
Asset classified as held for sale14 –11 –11 2,898,863 –11
Current assets including assets held for sale (unlabelled subtotal)15 571,222,777 345,410,118 174,244,042 101,869,876
Total Assets 1,002,342,622 751,563,305 529,923,719 442,702,922
Share capital 5,080,999 5,080,999 20,323,996 20,323,996
Share premium 6,249,871 6,249,871 6,249,871 6,249,871
Share reconstruction reserve16 15,242,997 15,242,997 Not reported in this filing17 Not reported in this filing18
Other reserves*19 20,237,753 14,112,173 34,920,455 26,236,330
Retained earnings *20 181,182,532 105,555,760 68,922,551 54,577,014
Equity attributable to holders of parent 227,994,152 146,241,800 130,416,873 107,387,211
Non-controlling interest 125,391,254 93,951,248 56,880,827 47,386,526
Total Equity 353,385,406 240,193,048 187,297,700 154,773,737
Borrowings 35,183,170 50,415,460 52,054,530 58,039,133
Deposit for shares21 84,590,000 27,935,000 12,935,000 12,935,000
Defined Benefit Liability22 359,213 420,815 211,836 161,705
Contract Liabilities23 1,681,080 1,833,905 1,986,730 2,139,555
Deferred income24 202,701 650,778 1,100,082 1,544,322
Deferred tax liabilities 24,490,972 21,498,794 18,770,156 12,962,286
Non-current liabilities (unlabelled subtotal) 146,507,136 102,754,752 87,058,334 87,782,001
Trade and other payables*25 368,571,337 312,723,806 180,709,999 145,998,276
Borrowings 40,280,149 38,096,782 51,324,795 46,606,260
Contract Liabilities 1,077,889 357,709 296,375 258,284
Deferred income24 476,500 469,000 457,500 447,756
Defined Benefit Liability22 84,159 45,936 32,231 33,008
Income tax payable 91,960,046 56,922,272 22,347,922 6,803,600
Current liabilities (unlabelled subtotal) 502,450,080 408,615,505 255,168,822 200,147,184
classified as held for sale2627 –28 –28 398,863 –28
Total Liabilities 648,957,216 511,370,257 342,626,019 287,929,185
Total Equity and Liabilities 1,002,342,622 751,563,305 529,923,719 442,702,922
Bank overdraft (Note 26)29 Not reported in this filing30 (3,910,981) (4,041,655) (3,898,110)
Current assets before assets held for sale (unlabelled subtotal)31 Not yet collected from the source32 Not yet collected from the source33 171,345,179 101,869,876
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (30)
  1. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 23.
  2. “Investments in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 6; nil in the Group columns.
  3. “Investment in financial asset” is an issuer-specific line, not mapped to a shared definition: Note 25: equity instruments at fair value through OCI and debt securities.
  4. “Other Investments” is an issuer-specific line, not mapped to a shared definition: Note 40.
  5. “Prepayments and other assets” is an issuer-specific line, not mapped to a shared definition: Note 30.
  6. “Long-term receivables” is an issuer-specific line, not mapped to a shared definition: Note 29.8.
  7. Not reported in this filing: Not printed: the FY2023 consolidated statement of financial position (p25-26) has no 'Long-term receivables' line for 2023; its non-current assets end with 'Other Investments' and 'Prepayments and other assets'. Text layer of p25-26 and image of p25 checked.
  8. Not reported in this filing: Not printed: the FY2023 consolidated statement of financial position (p25-26) has no 'Long-term receivables' line for 2022; its non-current assets end with 'Other Investments' and 'Prepayments and other assets'. Text layer of p25-26 and image of p25 checked.
  9. “Deposit for Investments” is an issuer-specific line, not mapped to a shared definition: Note 37; nil in the Group columns.
  10. Not reported in this filing: Not printed: the FY2023 consolidated statement of financial position (p25-26) has no 'Deposit for Investments' line for 2023; current assets are 'Inventories', 'Trade and other receivables', 'Prepayments and other assets', 'Cash and bank balances'. Text layer.
  11. Not reported in this filing: Not printed: the FY2023 consolidated statement of financial position (p25-26) has no 'Deposit for Investments' line for 2022; current assets are 'Inventories', 'Trade and other receivables', 'Prepayments and other assets', 'Cash and bank balances'. Text layer.
  12. “Asset classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Nil at both Group year-ends; 2,898,863 at 1 January 2024.
  13. Printed under different labels across filings: “Current assets (unlabelled subtotal)”; “Current assets including assets held for sale (unlabelled subtotal)”.
  14. “Share reconstruction reserve” is an issuer-specific line, not mapped to a shared definition: Note 32.2.
  15. Not reported in this filing: Not printed: the FY2023 consolidated statement of financial position (p25-26) has no 'Share reconstruction reserve' line for 2023; equity prints 'Share capital', 'Share premium', 'Other reserves' and 'Retained earnings'. Text layer.
  16. Not reported in this filing: Not printed: the FY2023 consolidated statement of financial position (p25-26) has no 'Share reconstruction reserve' line for 2022; equity prints 'Share capital', 'Share premium', 'Other reserves' and 'Retained earnings'. Text layer.
  17. Printed under different labels across filings: “Other reserves”; “Other reserves*”.
  18. Printed under different labels across filings: “Retained earnings”; “Retained earnings *”.
  19. “Deposit for shares” is an issuer-specific line, not mapped to a shared definition: Note 38: deposits received for shares (non-current liability).
  20. “Defined Benefit Liability” is an issuer-specific line, not mapped to a shared definition: Note 39.
  21. “Contract Liabilities” is an issuer-specific line, not mapped to a shared definition: Note 35.
  22. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 34.
  23. Printed under different labels across filings: “Trade and other payables”; “Trade and other payables*”.
  24. “classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Nil at both Group year-ends; 398,863 at 1 January 2024.
  25. Printed under different labels across filings: “Liabilities directly associated with assets classified as held for sale”; “classified as held for sale”.
  26. “Bank overdraft (Note 26)” is an issuer-specific line, not mapped to a shared definition: Note 31: bank overdraft (within borrowings, note 26) deducted from cash and bank balances to give cash and cash equivalents for the statement of cash flows (printed negative); not a separate line on the face of the statement of financial position.
  27. Not reported in this filing: The line 'Bank overdraft (Note 26)' in note 31.1 (cash and cash equivalents for the statement of cash flows) carries a 2024 amount only; the 2025 column is blank (p119), because the overdraft was reclassified to borrowings in 2025 (note 31.1, p119). The statement of financial position (p33) prints no overdraft line. Checked on the page image.
  28. “Current assets before assets held for sale (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal of the current-asset lines, printed before the asset classified as held for sale.
  29. Not yet collected from the source: Unlabelled subtotal: the FY2025 statement of financial position (p33) prints an unlabelled current-assets subtotal of 571,222,777 for 2025 above 'Asset classified as held for sale' (read on the page image). Unlabelled subtotals cannot be recorded as printed_figure.
  30. Not yet collected from the source: Unlabelled subtotal: the FY2025 statement of financial position (p33) prints an unlabelled current-assets subtotal of 345,410,118 in the restated 31-Dec 2024 column above 'Asset classified as held for sale' (read on the page image). Unlabelled subtotals cannot be recorded as printed_figure.

Cash flow

Cash flow, NGN thousands. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025; FY2023 — audited financial statements (signed / final), as reported for the year; FY2022 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2023.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Audited financial statementsreported for the yearFY2022Audited financial statementscomparative in FY2023 filing
Cash generated from operations 42,999,945 82,825,664 60,750,913 40,431,368
Income tax paid (3,775,951) (4,343,950) (4,733,727) (3,200,195)
Defined benefit paid1 (43,077) (45,384) Not reported in this filing2 Not reported in this filing3
Net cash generated by operating activities 39,180,917 78,436,329 56,017,186 37,231,173
Purchase of property, plant and equipment (21,366,602) (24,772,434) (15,934,747) (17,604,276)
Proceeds from sale of property, plant and equipment 57,212 31,722 22,905 12,235
Proceeds of disposal of investments4 –5 11,328,528 Not reported in this filing6 Not reported in this filing7
Purchase of investment in financial assets8 –5 (1,789,700) Not reported in this filing9 Not reported in this filing10
Redemption of debt securities11 –5 1,771,242 Not reported in this filing12 Not reported in this filing13
Purchase of other investments14 (11,000,000) (20,377,722) –5 (1,800,450)
Purchase of other intangible assets (128,110) (6,001,635) (1,122,233) (160,201)
Proceed on disposal of subsidiary15 –5 418,750 Not reported in this filing16 Not reported in this filing17
Proceed from rental income18 65,000 –5 Not reported in this filing19 Not reported in this filing20
Interest received 1,058,561 1,814,739 1,259,699 34,123
Dividend income on equity securities21 1,690,548 2,075,863 673,674 482,532
Deposit for investments22 –5 –5 Not reported in this filing23 Not reported in this filing24
Net cash used in investing activities (29,623,391) (35,500,647) (15,100,702) (19,036,037)
Proceeds from borrowings 23,526,569 26,868,268 14,949,597 33,106,606
Repayment of borrowings (38,294,853) (46,116,827) (35,260,691) (42,669,115)
Deposit for shares25 56,655,000 15,000,000 Not reported in this filing26 Not reported in this filing27
Dividends paid28 (30,347,242) (26,949,633) (8,391,150) (5,027,887)
Interest paid (16,809,340) (14,563,356) (6,103,309) (8,847,322)
Net cash used in financing activities (5,269,866) (45,761,548) (34,805,553) (23,737,718)
Net increase/(decrease) in cash and cash equivalents 4,287,660 (2,825,866) 6,110,931 (5,542,581)
Cash and cash equivalent at the beginning of the year 17,966,955 12,536,107 5,480,136 10,764,846
Effect of foreign exchange rate changes (369,663) 4,345,733 945,040 257,871
Cash and cash equivalent at end of the year 21,884,952 14,055,974 12,536,107 5,480,136
Investment in subsidiaries29 Not reported in this filing30 Not reported in this filing31 –5 –5
Decrease in lease liabilities32 Not reported in this filing33 Not reported in this filing34 –35 (300,000)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (33)
  1. “Defined benefit paid” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 39).
  2. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Defined benefit paid' line for 2023. Operating activities end with 'Income tax paid'; the working-capital line 'Increase in Defined Benefits' is a different item. Checked on the page image.
  3. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Defined benefit paid' line for 2022. Operating activities end with 'Income tax paid'; the working-capital line 'Increase in Defined Benefits' is a different item. Checked on the page image.
  4. “Proceeds of disposal of investments” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 6).
  5. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Proceeds of disposal of investments' line for 2023. Investing lines are 'Investment in subsidiaries', 'Purchase of property, plant and equipment', 'Proceeds from sale of property, plant and equipment', 'Purchase of other investments', 'Purchase of other intangible assets', 'Interest received', 'Dividend income on equity securities'. Checked on the page image.
  6. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Proceeds of disposal of investments' line for 2022. Investing lines are 'Investment in subsidiaries', 'Purchase of property, plant and equipment', 'Proceeds from sale of property, plant and equipment', 'Purchase of other investments', 'Purchase of other intangible assets', 'Interest received', 'Dividend income on equity securities'. Checked on the page image.
  7. “Purchase of investment in financial assets” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 25).
  8. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Purchase of investment in financial assets' line for 2023. Investing lines are as listed on p29; none is a financial-asset purchase. Checked on the page image.
  9. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Purchase of investment in financial assets' line for 2022. Investing lines are as listed on p29; none is a financial-asset purchase. Checked on the page image.
  10. “Redemption of debt securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 25).
  11. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Redemption of debt securities' line for 2023. Investing lines are as listed on p29. Checked on the page image.
  12. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Redemption of debt securities' line for 2022. Investing lines are as listed on p29. Checked on the page image.
  13. “Purchase of other investments” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 40).
  14. “Proceed on disposal of subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  15. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Proceed on disposal of subsidiary' line for 2023. Investing lines are as listed on p29. Checked on the page image.
  16. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Proceed on disposal of subsidiary' line for 2022. Investing lines are as listed on p29. Checked on the page image.
  17. “Proceed from rental income” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 34).
  18. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Proceed from rental income' line for 2023. Investing lines are as listed on p29. Checked on the page image.
  19. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Proceed from rental income' line for 2022. Investing lines are as listed on p29. Checked on the page image.
  20. “Dividend income on equity securities” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 11).
  21. “Deposit for investments” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 37); nil in the Group columns.
  22. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Deposit for investments' line for 2023. Investing lines are as listed on p29. Checked on the page image.
  23. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Deposit for investments' line for 2022. Investing lines are as listed on p29. Checked on the page image.
  24. “Deposit for shares” is an issuer-specific line, not mapped to a shared definition: Financing activities (note 38).
  25. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Deposit for shares' line for 2023. Financing lines are 'Proceeds from borrowings', 'Repayment of borrowings', 'Decrease in lease liabilities', 'Dividends paid', 'Interest paid'. Checked on the page image.
  26. Not reported in this filing: Not printed: the FY2023 consolidated statement of cash flows (p29) has no 'Deposit for shares' line for 2022. Financing lines are 'Proceeds from borrowings', 'Repayment of borrowings', 'Decrease in lease liabilities', 'Dividends paid', 'Interest paid'. Checked on the page image.
  27. “Dividends paid”: mapping to a shared definition is uncertain. Group dividends paid; not stated whether dividends to non-controlling interests are included.
  28. “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Investing activities (note 6.1); nil in the Group columns.
  29. Not reported in this filing: Not printed: the FY2025 consolidated statement of cash flows (p36) has no 'Investment in subsidiaries' line for 2025; investing lines include 'Purchase of other investments' and 'Deposit for investments' (both separate items). Checked on the page image.
  30. Not reported in this filing: Not printed: the FY2025 consolidated statement of cash flows (p36) has no 'Investment in subsidiaries' line for 2024; investing lines include 'Purchase of other investments' and 'Deposit for investments' (both separate items). Checked on the page image.
  31. “Decrease in lease liabilities”: mapping to a shared definition is uncertain. Printed 'Decrease in lease liabilities' in financing activities (2023 '-'; 2022 (300,000)); read as lease payments.
  32. Not reported in this filing: Not printed: the FY2025 consolidated statement of cash flows (p36) has no lease-liability line for 2025; financing lines are 'Proceeds from borrowings', 'Repayment of borrowings', 'Deposit for shares', 'Dividends paid', 'Interest paid'. Checked on the page image.
  33. Not reported in this filing: Not printed: the FY2025 consolidated statement of cash flows (p36) has no lease-liability line for 2024; financing lines are 'Proceeds from borrowings', 'Repayment of borrowings', 'Deposit for shares', 'Dividends paid', 'Interest paid'. Checked on the page image.

Per share and shares

Per share and shares. Columns: FY2025 — audited financial statements (final status not established), as reported for the year; FY2024 — audited financial statements (final status not established), comparative reported in the audited financial statements for 2025; FY2023 — audited financial statements (signed / final), as reported for the year; FY2022 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2023.
Line (as printed) FY2025Audited financial statementsreported for the yearFY2024Audited financial statementscomparative in FY2025 filingFY2023Audited financial statementsreported for the yearFY2022Audited financial statementscomparative in FY2023 filing
Earnings / (loss) per share (per share)61 8.442 1.453 0.404 0.195
Profit / (loss) attributable to shareholders (NGN thousands)7 85,788,771 51,524,914 16,377,832 7,787,835
  1. Printed as 844 Kobo; value converted to NGN at 100 Kobo = 1 NGN.
  2. Printed as 145 Kobo; value converted to NGN at 100 Kobo = 1 NGN.
  3. Printed as 40 kobo; value converted to NGN at 100 kobo = 1 NGN.
  4. Printed as 19 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (3)
  1. Printed under different labels across filings: “Basic earnings per share”; “Basic earnings per share (Kobo)”.
  2. Earnings / (loss) per share: printed as “Basic earnings per share (Kobo)”.
  3. Profit / (loss) attributable to shareholders: printed as “Owners of the parent”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (30,347,242) NGN thousands Audited financial statements, p36
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (26,949,633) NGN thousands Audited financial statements, p36
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (8,391,150) NGN thousands Audited financial statements, p29
31 Dec 2022 Dividends paid (cash flow statement) Dividends paid (5,027,887) NGN thousands Audited financial statements, p29

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Transnational Corporation Plc Consolidated and Separate Financial Statements for the year ended 31 December 2025

    Year ended 31 December 2025 · Audited financial statements · final status not established

    Audit: Deloitte & Touche, unmodified opinion

    Auditor's sign-off: Ngozika Emeka-Eze, FCA, FRC/2013/PRO/ICAN/004/00000001817, for Deloitte & Touche (name typeset)

    Final status: Independent auditor's report to the shareholders (opinion PDF p26, unqualified) closes on PDF p31 with 'Ngozika Emeka-Eze, FCA - FRC/2013/PRO/ICAN/004/00000001817, For: Deloitte & Touche (FRC/2022/Coy/091021), Chartered Accountants, Lagos, Nigeria, 24 February 2026' typeset and the ICAN seal (0835599), but no visible handwritten or script signature (page image; name_printed_unsigned). The statement of financial position (PDF p33) carries handwritten signatures of the chairman (Tony O. Elumelu), the group CFO (Festus Izevbizua) and the President/Group CEO (Owen Omogiafo), with approval printed as '23 February, 2025' (sic; page image).

    Document date
    24 Feb 2026
    Auditor's report
    24 Feb 2026
    Board approval
    23 Feb 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN thousands (printed “N'000”)
    • Key audit matters: assessment of goodwill impairment (consolidated) and impairment assessment of plant and machinery (PDF pp27-28).
    • Board approval date printed as '23 February, 2025' on the statement of financial position (p33), a year before the auditor's report of 24 February 2026; recorded as printed.
    • Group cash-flow statement 2024 column (p36): cash at the beginning of the year 12,536,107 and at the end 14,055,974 differ from the restated statement of financial position (cash and bank balances 16,577,762 at 1 January 2024 and 17,966,955 at 31 December 2024, p33), while the 2025 column opens at 17,966,955. Kept as printed; the 2024 continuity checks fail on these printed figures.
    • The Group comparatives in the statement of financial position are headed '(Restated)' with a restated 1 January 2024 column; other reserves, retained earnings and trade and other payables are marked '*' (note 47) (p33). All transcribed 2024 balance sheet values are marked restated.
    • Earnings per share is printed in kobo, basic and diluted on separate lines with the same figures (844; 2024: 145, p32); stored in naira (÷100) with the printed figure and unit kept.
    • The queue listed this document as an abridged/summary publication; it is the full consolidated and separate financial statements with notes (138 pages).
    Technical details
    File
    138 pages, with a text layer
    SHA-256
    16c3ad390048543f75ee6b596ee0149714d76c8cabf9c54f2c57ec58ead26a37
    Entity as printed
    Transnational Corporation Plc and its subsidiaries (the Group and Company)
    Exchange copy
    retrieved 2026-10-08T18:03:01Z

  • Transnational Corporation Plc Consolidated and Separate Financial Statements for the year ended 31 December 2023

    Year ended 31 December 2023 · Audited financial statements · signed / final

    Audit: Deloitte & Touche, unmodified opinion · signed

    Auditor's sign-off: Stella Mba, FCA, FRC/2013/PRO/ICAN/004/00000001348, for Deloitte & Touche

    Final status: Independent auditor's report to the shareholders (scanned image pages, no text layer): opinion on PDF p20, unqualified; closes on PDF p23 with a handwritten signature above 'Stella Mba, FCA - FRC/2013/PRO/ICAN/004/00000001348, For: Deloitte & Touche, Chartered Accountants, Lagos, Nigeria, 2 April 2024' and the ICAN seal (0658543) (page images). The statements were approved by the Board of Directors on 12 March, 2024 and signed by hand by the chairman (Tony O. Elumelu), the acting chief finance officer (Oluwamayowa Awe) and the President (Owen Omogiafo) (PDF p26, page image).

    Document date
    2 Apr 2024
    Auditor's report
    2 Apr 2024
    Board approval
    12 Mar 2024
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023, FY2022
    Basis
    consolidated statements · NGN thousands (printed “N'000”)
    • The 2022 comparative includes a loss from discontinued operations (note 27.2); profit for the year is printed after 'Profit for the year from continuing operations'. OCI lines 'Net Loss from changes in acturial [sic] assumptions' (56,492) and 'Tax credit on actuarial losses' 18,642 are printed for Group 2023 only (blank for 2022).
    • Cash and cash equivalents in the statement of cash flows (12,536,107; 2022: 5,480,136) are cash and bank balances (16,577,762; 2022: 9,378,246) less the bank overdraft ((4,041,655); 2022: (3,898,110)) included in borrowings (note 31, PDF p100).
    • Earnings per share is printed on p24 without a unit, basic and diluted on separate lines with the same figures (40; 2022: 19); note 19 prints 'Basic Earnings per share (Kobo)'. Stored in naira (÷100) with the printed figure and unit kept.
    • The queue listed this document as an abridged/summary publication; it is the full consolidated and separate financial statements with notes (112 pages).
    Technical details
    File
    112 pages, with a text layer
    SHA-256
    a27458a940414b6e0c9bc4d42bdfa2bfca466a0cc51900fd9fcdbfc09e3fd9cd
    Entity as printed
    Transnational Corporation Plc and its subsidiaries (the Group and Company)
    Exchange copy
    retrieved 2026-10-08T18:12:54Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (17 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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