Transcorp Hotels Plc Reports Strong 48% Revenue Growth, Records ₦14.8 Billion Profit in 9M 2025

Transcorp Hotels Plc has reported a strong financial performance for the nine months ended September 30, 2025, with revenue rising by 48.9% year-on-year to ₦72.31 billion, up from ₦48.49 billion in the corresponding period of 2024.

The growth was driven by improved occupancy levels, higher room rates, and increased patronage at the company’s hospitality and event facilities, including the newly commissioned 5,000-seat event centre.

Revenue and Profit Growth

The Group maintained its upward trajectory across all core metrics. Gross profit increased by 60.4% to ₦55.06 billion compared to ₦34.33 billion in 2024, reflecting the impact of cost discipline and efficiency in operations.

Despite inflationary pressure and foreign exchange volatility, operating expenses were well managed at ₦30.87 billion, representing a controlled increase from ₦20.66 billion recorded in the same period last year.

Consequently, operating profit rose to ₦24.69 billion from ₦18.63 billion, while profit before tax advanced by 36.3% to ₦22.40 billion, compared to ₦16.44 billion in 2024.

After accounting for income tax of ₦7.58 billion, profit after tax stood at ₦14.82 billion, representing a 44.7% year-on-year increase from ₦10.24 billion reported in the previous year.

Earnings per share (EPS) improved to ₦1.45, up from ₦1.00 in 2024, reflecting stronger earnings capacity and sustained value creation for shareholders.

Quarterly Breakdown

For the third quarter of 2025, the company generated ₦24.74 billion in revenue, up from ₦18.77 billion in Q3 2024. Profit before tax rose to ₦10.18 billion, compared to ₦5.97 billion in the corresponding quarter, while profit after tax climbed to ₦6.14 billion, from ₦3.62 billion last year.

Total comprehensive income for the quarter reached ₦6.58 billion, driven by both operational growth and a ₦430.19 million fair value gain on equity instruments.

This performance highlights the company’s ability to maintain strong margins and profitability amidst macroeconomic headwinds.

Operational Efficiency

The Group achieved a gross margin of 76% and maintained an operating margin above 34%, demonstrating effective cost control and operational excellence.

The company’s results confirm the effectiveness of its strategy centered on customer satisfaction, energy efficiency, and sustainable operations.

Management’s focus on digital transformation, staff productivity, and optimized resource utilization continues to yield positive results, positioning Transcorp Hotels Plc as one of the most profitable and efficiently managed hospitality companies in Nigeria.

Outlook

The strong financial results underscore Transcorp Hotels Plc’s resilience and capacity to deliver consistent growth despite the prevailing economic challenges.

The company is expected to sustain this momentum through its diversified hospitality portfolio, strategic expansion plans, and enhanced service offerings.

The recently commissioned 5,000-seat event centre is projected to further consolidate Transcorp Hotels’ leadership in Nigeria’s hospitality and conference space, positioning the brand as a major destination for local and international events.

The company’s sustained profitability, strong balance sheet, and growing asset base continue to reinforce investor confidence and affirm its status as a key player in the African hospitality industry.

Chairman, Transcorp Hotels Plc, Emmanuel Nnorom, commented: “This impressive Q3 performance underscores our time-tested strategy focused on cost discipline, operational efficiency, and putting the customer at the heart of everything we do. We remain committed to delivering sustainable profitability and long-term value for our investors.”

Managing Director/Chief Executive Officer, Transcorp Hotels Plc, Uzo Oshogwe, added: “Our Q3 2025 results reflect our unwavering drive for excellence and our commitment to redefining hospitality in Africa. With the success of our newly commissioned 5,000-seat event centre, we are proud to be positioning Nigeria as the preferred destination for global conferences and events, while scaling sustainable value for our shareholders.”

Oshogwe noted that Transcorp Hotels continues to strengthen its leadership in the sector, driven by its iconic hospitality assets and dedicated workforce. The company remains focused on innovation, service excellence, and sustainable growth.

Transcorp Hotels Plc also received three major awards at the Seven Star Luxury Awards, winning:

• Best Luxury Business Hotel (Nigeria & Africa)

• Best Luxury Event and Conference Centre (Nigeria & Africa)

• Best CEO of the Year