Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc has released its unaudited results for the first quarter (Q1) ended March 31, 2025.
Transcorp Hotels sustained its profit momentum in Q1 2025, growing gross profit by 59.6 percent to N15.84 billion from N9.92 billion in same period the preceding year also delivering a Profit before Tax (PBT) of N6.16 billion compared with N6.09 billion in the preceding year— even without the exceptional N2.9 billion FX gain recorded in the prior year.
Transcorp Hotels recorded an impressive year-on-year (YoY) revenue growth of 52 percent from N13.8billion in Q1, 2024 to N21billion in Q1, 2025. This strong growth reflects enhanced operational performance, the company said.
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“With the recent completion of the new event centre, the company is well positioned to unlock additional revenue streams and drive further profit growth—
reinforcing Transcorp Hotels’ leadership in Nigeria’s hospitality sector and creating long-term value for shareholders,” the company noted further.
Despite a challenging macroeconomic environment marked by rising inflation and increased operating costs, Transcorp Hotels achieved a notable improvement in gross profit margin in Q1 2025.
The company successfully reduced its cost of sales margin from 28 percent in Q1 2024 to 25 percent in Q1 2025, resulting in a 75 percent gross profit margin in Q1, 2025.
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“This solid performance highlights the underlying strength of our operations and our ability to deliver value, even in a less favourable macroeconomic environment,” the company added.
Uzo Oshogwe, managing director /CEO, Transcorp Plc said, “Our Q1 2025 results demonstrate the underlying strength of our business and the effectiveness of our strategic focus on driving revenue growth. The significant increase in revenue and the impressive profit margin growth are clear indicators of the hard work and dedication of our team.”
“We recently added Transcorp Centre, a 5,000-capacity event space, to our expanding assets, including the iconic Transcorp Hilton Abuja, as we continue to solidify our position as a leader in the African hospitality landscape,” Oshogwe said.
