Transcorp Hotels Plc growth profit by 71% in strong H1 2025 performance

Omeiza Bilal

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

The results show an impressive 60% growth in revenue against the same period in 2024, as gross profit increased by 71% year-on-year.

Transcorp Hotels recorded an impressive Y-o-Y revenue growth of 60% from ₦29.72 billion in H1 2024, to ₦47.57 billion in H1 2025.

According to the report, the company continued its profitability momentum in H1 2025, growing gross profit by 71% to ₦36.21 billion, from ₦21.19 billion of the preceding year.

This notable growth translated to an improvement in the first half 2025 gross profit margin increasing to 76%, 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 is further evidence of its ability to unlock new revenue streams and drive sustainable growth.

Chairman Transcorp Hotels Plc, Emmanuel Nnorom, comments: “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.”

MD/CEO Transcorp Hotels Plc, Uzo Oshogwe, comments: “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.”