Transcorp Hotels Plc, Nigeria’s largest listed hospitality company, posted a record revenue of about US$64.7 million in 2025, up 38 PERCENT from US$46.8 million a year earlier, supported by strong demand for rooms, conferencing and food services, the company said on Friday.
The results were disclosed in the company’s audited financial statements filed with the Nigerian Exchange Limited (NGX).
Transcorp Hotels, a subsidiary of Transnational Corporation Plc, is among a small group of Nigerian companies with a market capitalisation exceeding US$660 million, highlighting growing investor interest in the hospitality sector.
The company said revenue growth was driven by higher room bookings, increased conference activity, and stronger performance in food and beverage services and other ancillary offerings.
Gross profit margin expanded to 77 percent in 2025 from 71 percent a year earlier, reflecting higher volumes, improved cost control and operational efficiencies.
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Operating profit rose 35 percent to about US$23.5 million, compared with US$17.4 million in 2024. Profit before tax climbed 45 percent to approximately US$21.9 million, from US$15.1 million a year earlier.
Profit after tax increased 47 percent to around US$14.6 million, compared with US$9.9 million in 2024.
In a statement accompanying the results, Awele Elumelu, chair of Transcorp Hotels, said the performance reflected a strengthened balance sheet and improved execution.
“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,” she said.
Managing Director and Chief Executive Officer Uzoamaka Oshogwe said the results marked a major milestone for the company.
“Retained earnings rose sharply to about US$51.7 million in 2025 from US$42.2 million a year earlier, further strengthening our financial resilience and long-term growth capacity,” Oshogwe said.
She attributed the performance to disciplined cost management, operational efficiency and service excellence, adding that the company continues to invest in infrastructure to support future growth.
One of such projects is the 5,000-seat Transcorp Centre, a large convention facility aimed at attracting high-profile regional and international events, including Afreximbank Annual Meetings and ECOWAS summits, the company said.
On the balance sheet, Transcorp Hotels’ total assets increased 14 percent to approximately US$106.6 million in 2025, from US$93.8 million a year earlier, reflecting investments in physical facilities.
Total equity rose to about US$63.5 million, compared with US$53.7 million in 2024.
Shares of Transcorp Hotels closed at 11.4 U.S. cents per share on Friday on the NGX.
