Amanze Chinonye
Transcorp Hotels, the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group), has reported a robust financial performance for the first half (H1) of 2025, with revenue rising by 60% year-on-year (YoY) to ₦47.57 billion, up from ₦29.72 billion recorded during the same period in 2024.
The unaudited financial results released by the company on Thursday also show that gross profit grew by 71% YoY to ₦36.21 billion, compared to ₦21.19 billion in the previous year.
Join our WhatsApp ChannelThe company’s gross profit margin climbed to 76%, underscoring its ability to manage costs efficiently amid rising inflation and other macroeconomic pressures.
The strong performance comes on the heels of the launch of the Transcorp Centre, a 5,000-seat capacity event venue in Abuja, which the company says is now Nigeria’s largest corporate event space. Management credits the new centre with opening up fresh revenue opportunities and solidifying the company’s leadership in the hospitality and events industry.
In recognition of its performance, Transcorp Hotels has declared an interim dividend of ₦1.02 billion at ₦0.10 per 50 kobo ordinary share, subject to applicable withholding tax.
Chairman of Transcorp Hotels Plc, Emmanuel Nnorom, attributed the strong performance to strategic execution and a commitment to innovation.
“Transcorp Hotels’ outstanding performance in the first half of 2025 further validates our transformative strategies and our laser focus on operational efficiency. It affirms our dedication to investor value and signals our confidence in the company’s future,” Nnorom said.
READ ALSO: Transcorp Hotels shareholders Gain N198bn As Ikeja Hotel Investors Lose N4.43bn
Managing Director/CEO Uzo Oshogwe described the results as a testament to the company’s resilience and growth trajectory.
“Our exceptional H1 2025 performance reflects our relentless execution of a growth-focused agenda. With assets like the iconic Transcorp Hilton Abuja and the new Transcorp Centre, we are not only leading Nigeria’s hospitality sector, but also setting new benchmarks across the continent,” Oshogwe said.
Transcorp Hotels Plc is a member of Transnational Corporation Plc, one of Africa’s leading listed conglomerates with investments spanning power, hospitality, and energy. Through its flagship hotel, Transcorp Hilton Abuja, and digital hospitality platform Aura by Transcorp Hotels, the company says it is redefining hospitality standards across the continent.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
