Transcorp Hotels Records 60% Half-year Revenue Growth, 71% Profit Rise

Transcorp Hotels Plc has announced its first half (H1) unaudited results for the period ended June 30, 2025.

The results showed a 60 per cent growth in revenue, from N29.72 billion in H1 2024 to N47.57 billion in H1 2025.

Also, its gross profit increased by 71 per cent year-on-year in the review period, to N36.21 billion, from N21.19 billion the preceding year.

The earnings’ growth translated to an improvement in its H1 2025 gross profit margin, which increased to 76 per  cent, despite the challenging macroeconomic environment marked by rising inflation and increased operating costs.

In line with its promise to continually deliver value, the company is rewarding shareholders with an interim dividend of N1,024,252,841 at N0.10 for every 50 kobo ordinary share, subject to appropriate withholding tax.

The period saw the launch of the company’s world-class, 5,000-seat capacity Transcorp Centre, demonstrating Transcorp Hotels positioning as the event and hospitality leader in Nigeria.

The company’s successful launch of Nigeria’s largest corporate venue was further evidence of its ability to unlock new revenue streams and drive sustainable growth.

Commenting on the results, the Chairman, Transcorp Hotels Plc, Emmanuel Nnorom, said, “Transcorp Hotels’ outstanding performance in the first half of 2025 further validates our transformative strategies, with a laser focus on innovation and operational efficiency.

“It affirms our steadfast dedication to delivering investor returns and signals our profound confidence in Transcorp Hotels’ future growth. Moving forward, we are confident in our ability to consistently raise the bar for the industry, fulfilling our mission to redefine hospitality in Africa.”

Also, MD/CEO Transcorp Hotels Plc, Uzo Oshogwe,said  “Our exceptional H1 2025 performance reflects our relentless execution of a growth-focused agenda. These results reflect the resilience of our business model and the dedication of our team.

“Building on the foundation of our iconic assets, the Transcorp Hilton Abuja and the new 5,000-seat capacity Transcorp Centre, we are not just leading Nigeria’s hospitality sector, but redefining excellence across Africa. Our sustained momentum is a reflection of our commitment to innovation, operational efficiency, and value creation for all stakeholders.”

Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation Plc, one of Africa’s leading listed companies with strategic investments in the power, hospitality, and energy sectors. Transcorp Hotels is redefining hospitality standards in Africa through its businesses, including the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and digital platform, Aura by Transcorp Hotels.