Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has recorded its strongest financial performance to date, reporting a historic revenue of ₦97.04 billion for the 2025 financial year, representing a 38 per cent increase from the ₦70.13 billion posted in 2024.
The performance was disclosed in the company’s audited financial statements filed with the Nigerian Exchange Limited (NGX) on Friday. Transcorp Hotels is one of the few hospitality companies on the NGX with a market capitalisation exceeding ₦1 trillion, underscoring its growing dominance in Nigeria’s hospitality sector.
According to the report, the impressive revenue growth was driven by robust demand across key business segments, including room bookings, conferencing, food and beverage services, as well as other ancillary offerings. The surge reflects increased patronage of the company’s flagship properties and Nigeria’s gradual rebound in business and events tourism.
The company also recorded significant improvements in profitability. Gross profit margin expanded to 77 per cent in 2025, up from 71 per cent in the previous year, supported by higher volumes, effective cost management and enhanced operational efficiency.
Operating profit rose by 35 per cent to ₦35.24 billion, compared with ₦26.03 billion in 2024. Profit before tax climbed by 45 per cent to ₦32.82 billion from ₦22.61 billion, while profit after tax grew by 47 per cent year-on-year to ₦21.85 billion, up from ₦14.90 billion.
Commenting on the performance, the Board Chair of Transcorp Hotels Plc, Dr Awele Elumelu, expressed satisfaction with the company’s trajectory, praising the management team led by the Managing Director and Chief Executive Officer, Mrs Uzoamaka Oshogwe.
“I am delighted with the FY 2025 performance of Transcorp Hotels Plc,” Elumelu said. “We have continued to strengthen the foundation of our company, with our growing asset base and equity— increasing by 14 per cent and 18 per cent respectively—positioning us strongly for the future.”
She added that the company would remain focused on operational excellence, business expansion and the exploration of new avenues for sustainable long-term value creation.
In her remarks, Oshogwe described the 2025 results as a major milestone, noting that retained earnings rose sharply from ₦63.23 billion in 2024 to ₦77.53 billion, further strengthening the company’s financial resilience.
“Our success results from disciplined operational efficiency, strong cost management and, most importantly, our exceptional team’s commitment to service excellence,” she said.
Oshogwe also highlighted ongoing investments in transformative infrastructure, particularly the 5,000-seat world-class Transcorp Centre, which is positioning Nigeria as a premier global destination for major international events such as Afreximbank Annual Meetings and ECOWAS Summits.
On the balance sheet, total assets rose by 14 per cent to ₦159.91 billion from ₦140.70 billion in 2024, reflecting continued investment in physical facilities to support future growth. Total equity also increased to ₦95.23 billion from ₦80.52 billion.
At the close of trading on Friday, shares of Transcorp Hotels Plc were valued at ₦170.90 per unit, reinforcing investor confidence in the company’s growth outlook.
