February 02, (THEWILL) — Transcorp Hotels Plc has delivered a landmark financial performance for the 2025 fiscal year, recording historic revenue of N97.04 billion, marking a substantial 38 percent increase from the N70.13 billion reported in the previous year, according to audited financial statements filed with the Nigerian Exchange Limited on Friday.
The impressive results cement the hospitality subsidiary of Transnational Corporation Plc as one of the elite companies on the Nigerian stock exchange with a market capitalization exceeding N1 trillion, underscoring its dominant position in Nigeria’s hospitality sector. The company’s record-breaking revenue was propelled by strong demand across all revenue streams, including room bookings, conferencing services, food and beverage operations, and ancillary offerings.
Particularly noteworthy was the expansion of gross profit margin to 77 percent from 71 percent in FY 2024, attributed to increased transaction volumes, effective cost management strategies, and enhanced operational efficiencies.
Operating profit climbed to N35.24 billion, representing a 35 percent increase from N26.03 billion in 2024. The bottom line proved even more impressive, with profit before tax surging 45 percent to N32.82 billion from 22.61 billion year-on-year. Profit after tax rose sharply to N21.85 billion from N14.90 billion, a remarkable 47 percent increase that demonstrates the company’s ability to convert top-line growth into sustainable profitability.
Commenting on the results, Board Chair Dr. Awele Elumelu expressed satisfaction with the performance achieved under the leadership of Managing Director Mrs. Uzoamaka Oshogwe. “We have continued to strengthen the foundation of our company, with our growing asset base and equity increasing by 14 percent and 18 percent, respectively—positioning us for the future,” Dr. Elumelu stated. She emphasized the company’s commitment to operational excellence and sustainable value creation, signaling continued focus on long-term growth strategies.
Managing Director Uzoamaka Oshogwe highlighted the significance of the milestone, noting that retained earnings surged from N63.23 billion in FY 2024 to N77.53 billion, substantially enhancing the company’s financial resilience and capacity for future expansion.
“Our success results from disciplined operational efficiency, strong cost management, and most importantly, our exceptional team’s commitment to service excellence,” Oshogwe said. Looking ahead Transcorp Hotels is pursuing an ambitious vision centered on transformative infrastructure development. The company is investing in the construction of a 5,000-seat world-class Transcorp Centre, designed to position Nigeria as a premier global destination for high-profile international events.
The facility is expected to host major gatherings, including the Afreximbank Annual Meetings and ECOWAS Summits, among other significant conferences, potentially generating substantial revenue streams while elevating Nigeria’s profile on the international events circuit.
The company’s balance sheet reflects the scale of its growth ambitions. Total assets reached N159.91 billion, a 14 percent increase from N140.70 billion in 2024, largely driven by substantial investments in physical facilities supporting future expansion.
Total equity similarly strengthened, climbing to ₦95.23 billion from ₦80.52 billion.
Oshogwe emphasized the company’s commitment to leveraging cutting-edge technology and innovation to strengthen its brand positioning and redefine hospitality standards across the African continent, signaling continued investment in digital information and service delivery excellence.
The stellar performance comes amid a challenging macroeconomic environment in Nigeria, making Transcorp Hotels’ achievement all the more noteworthy and positioning the company as a bellwether for the resilience of Nigeria’s hospitality sector.
