Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group), has announced its unaudited results for the third quarter ended September 30, 2025, posting strong revenue and profit growth across key segments.
The company recorded ₦72.31 billion in revenue, a 49 percent increase from ₦48.49 billion in the same period of 2024, while Profit Before Tax (PBT) rose by 36 percent to ₦22.4 billion.
The performance reinforces Transcorp Hotels’ leadership position in Nigeria’s hospitality industry, driven largely by robust room sales and operational efficiency.
The Rooms segment remained the primary revenue engine, contributing ₦48.05 billion, followed by Food and Beverage at ₦21 billion, Shop Rentals at ₦1.36 billion, and Event Centre and Hall Rental at ₦1.15 billion. The Rooms segment grew by 50.7 percent year on year and maintained a gross margin of 87.5 percent with a cost of sales of ₦6 billion for the nine-month period.
In comparison, Food and Beverage rose 41 percent with a gross margin of 48 percent and a cost of sales of ₦10.92 billion. The newly launched Event Centre and Hall Rental segment, in its first full year of operation, also contributed significantly to the company’s earnings.
The company’s gross profit margin expanded to 76 percent, up from 71 percent in the same period last year, underscoring its focus on efficiency and superior service delivery. Trading at a Price-to-Earnings ratio of 99 and a market capitalization of ₦1.68 trillion, Transcorp Hotels continues to attract market confidence, reflecting investors’ belief in its growth trajectory and strong fundamentals.
Chairman of Transcorp Hotels Plc, Emmanuel Nnorom, said the company’s performance underscored its time-tested strategy built on cost discipline, operational excellence, and a customer-first culture, adding that the firm remains committed to delivering sustainable profitability and long-term value for investors.
Managing Director and Chief Executive Officer, Uzo Oshogwe, stated that the results reflected the company’s unwavering commitment to redefining hospitality in Africa. She noted that the success of the newly commissioned 5,000-seat Transcorp Centre is positioning Nigeria as a preferred destination for world-class conferences and events while creating sustainable value for shareholders.
Transcorp Hotels also achieved global recognition with a triple win at the prestigious Seven Star Luxury Awards, receiving accolades for Best Luxury Business Hotel (Nigeria & Africa), Best Luxury Event and Conference Centre (Nigeria & Africa), and Best CEO of the Year.
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. Through its iconic assets, including Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and its digital platform, Aura by Transcorp Hotels, the company continues to redefine hospitality standards across the continent, with new developments underway in Lagos and Port Harcourt.
