Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has announced impressive financial results for the first half of 2025, showcasing significant growth in revenue and profitability. The company reported a remarkable 60% surge in revenue, reaching N47.57 billion compared to N29.72 billion in the same period of 2024. This substantial increase underscores the effectiveness of the company’s strategic initiatives, including a focus on innovation, operational efficiency, and the successful launch of the new Transcorp Centre in Abuja. The growth trajectory signifies the company’s strong market position and its ability to capitalize on emerging opportunities within the hospitality sector.
Further solidifying its financial strength, Transcorp Hotels Plc recorded a 71% leap in gross profit, rising from N21.19 billion in the first half of 2024 to N36.21 billion in the corresponding period of 2025. This impressive growth resulted in a gross profit margin of 76%, a testament to the company’s ability to manage costs effectively despite inflationary pressures and rising operating expenses. The robust profit margins highlight the company’s efficient management of resources and its ability to generate strong returns on investments. This financial performance positions Transcorp Hotels Plc for sustained growth and reinforces its commitment to delivering value to its shareholders.
The company’s success is attributed to several factors, including the sustained implementation of innovative strategies, enhanced operational efficiency, and the launch of the new 5,000-seat Transcorp Centre in Abuja. The Transcorp Centre provides a significant boost to the company’s capacity to host large-scale events and conferences, further strengthening its position in the hospitality market. These strategic initiatives have enabled the company to capture a larger share of the market and solidify its leadership position in the hospitality industry.
As a testament to its commitment to shareholder value, Transcorp Hotels declared an interim dividend of N1.024 billion, equivalent to 10 kobo per 50 kobo ordinary share. This dividend payout reflects the company’s confidence in its future prospects and its commitment to rewarding shareholders for their continued support. The dividend announcement signals the company’s robust financial health and its dedication to sharing its success with its investors.
Commenting on the remarkable performance, Emmanuel Nnorom, Chairman of Transcorp Hotels Plc, emphasized the company’s transformative strategies and focus on innovation and operational efficiency as key drivers of the positive results. He highlighted the company’s unwavering commitment to delivering investor returns and expressed strong confidence in the company’s future growth prospects. The chairman’s remarks underscore the company’s strategic vision and its commitment to sustainable growth and profitability.
Uzo Oshogwe, Managing Director and Chief Executive Officer of Transcorp Hotels Plc, attributed the exceptional results to the company’s growth-focused agenda and the resilience of its business model. She emphasized the company’s investments in iconic assets such as the Transcorp Hilton Abuja and the new Transcorp Centre, positioning Transcorp Hotels not only as a leader in Nigeria’s hospitality sector but also as a benchmark for excellence across Africa. The CEO’s statement reflects the company’s ambition to expand its influence and redefine the hospitality landscape across the continent. The company’s strategic investments and strong performance suggest a promising trajectory for continued growth and success in the years to come.
