Transcorp Hotels Plc, the hospitality subsidiary of the Transnational Corporation Plc (Transcorp Group), has reported a robust financial performance for the first half (H1) of 2025, with revenue soaring by 60 per cent year-on-year (YoY) to N47.57 billion. This marks a significant increase from the NGN29.72 billion recorded during the same period in 2024, underscoring the company’s strong growth trajectory in Nigeria’s hospitality sector.
The unaudited financial results, released by the company recently, further reveal that gross profit grew 71 per cent YoY to NGN36.21 billion, compared to N21.19 billion in the previous year. This substantial improvement pushed the company’s gross profit margin to 76 per cent, highlighting its effective cost management capabilities amidst rising inflation and other macroeconomic pressures prevalent in the Nigerian operating environment.
The strong performance comes on the heels of strategic expansion, notably the recent launch of the Transcorp Centre in Abuja. This new facility, boasting a 5,000-seat capacity, is now Nigeria’s largest corporate event space. Management credits the new centre with opening up fresh revenue opportunities and solidifying the company’s leadership in both the hospitality and events industries. The ability to host large-scale corporate and social events provides a competitive advantage, particularly in the nation’s capital.
In recognition of its outstanding financial performance, Transcorp Hotels has declared an interim dividend of N1.02 billion, equivalent to N0.10 per 50 kobo ordinary share. This dividend payout is subject to applicable withholding tax and reflects the company’s commitment to delivering value to its shareholders.
Emmanuel Nnorom, chairman of Transcorp Hotels Plc, attributed the strong performance to a combination of strategic execution and a relentless commitment to innovation. “Transcorp Hotels’ outstanding performance in the first half of 2025 further validates our transformative strategies and our laser focus on operational efficiency,” Nnorom stated. He added that the results affirm the company’s dedication to investor value and signals confidence in the company’s future, projecting continued growth and profitability.
Uzo Oshogwe, managing director and CEO of Transcorp Hotels, described the results as a testament to the company’s resilience and robust growth trajectory. “Our exceptional H1 2025 performance reflects our relentless execution of a growth-focused agenda,” Oshogwe remarked. She highlighted the company’s flagship assets, stating, “With assets like the iconic Transcorp Hilton Abuja and the new Transcorp Centre, we are not only leading Nigeria’s hospitality sector, but also setting new benchmarks across the continent.”
