Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reported a historic revenue of N97.04bn for the 2025 financial year, representing a 38 per cent increase from the N70.13bn recorded in 2024.
This was disclosed in the company’s audited financial statements filed with the Nigerian Exchange Limited on Friday. Transcorp Hotels is one of the hospitality companies on the NGX with a market capitalisation exceeding N1tn.
The strong performance was driven by robust demand across key revenue streams, including room bookings, conferencing, food and beverage services, and other ancillary offerings. The company’s gross profit margin expanded to 77 per cent from 71 per cent in the previous year, reflecting higher volumes, effective cost management, and improved operational efficiency.
Operating profit rose by 35 per cent to N35.24bn from N26.03bn in 2024. Profit before tax climbed by 45 per cent to N32.82bn, compared with N22.61bn in the prior year. Profit after tax also increased significantly, rising by 47 per cent to N21.85bn from N14.90bn in 2024.
Commenting on the results, the Board Chair of Transcorp Hotels Plc, Dr Awele Elumelu, expressed satisfaction with the company’s performance, noting that assets and equity grew by 14 per cent and 18 per cent respectively, positioning the company for sustained future growth. She reaffirmed the board’s commitment to operational excellence, business expansion, and long-term value creation.
The Managing Director and Chief Executive Officer, Uzoamaka Oshogwe, described the 2025 results as a major milestone, highlighting the increase in retained earnings from N63.23bn in 2024 to N77.53bn in 2025. She attributed the performance to disciplined cost management, operational efficiency, and the dedication of the company’s workforce.
Oshogwe also noted ongoing investments in transformative infrastructure, including the 5,000-seat Transcorp Centre, which is expected to position Nigeria as a premier global destination for major international events.
On the balance sheet, total assets grew by 14 per cent to N159.91bn from N140.70bn in 2024, while total equity increased to N95.23bn from N80.52bn, underscoring the company’s strengthened financial position and long-term growth prospects.
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