- Delivers N1.024bn Interim Dividend As Gross Profit Soars by 71%
TRANSCORP Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has announced an impressive financial performance for the first half of 2025, with a 60% year-on-year revenue growth and a 71% surge in gross profit.
The unaudited H1 results for the period ended June 30, 2025, reveal that the company’s revenue grew from ₦29.72 billion in H1 2024 to ₦47.57 billion in the same period of 2025.
Gross profit also climbed significantly to ₦36.21 billion, up from ₦21.19 billion recorded in the previous year, reflecting a gross profit margin of 76%, a notable achievement in Nigeria’s current inflationary environment.
Demonstrating its commitment to shareholder value, Transcorp Hotels announced an interim dividend payment of ₦1.024 billion, representing ₦0.10 per 50 kobo ordinary share, subject to applicable withholding tax.
The robust performance is bolstered by the successful launch of the 5,000-seat capacity Transcorp Centre, Nigeria’s largest corporate event facility. The new venue further positions Transcorp Hotels as a dominant player in the hospitality and events space in Africa.
Chairman of Transcorp Hotels Plc, Emmanuel Nnorom, expressed pride in the Company’s trajectory, stating: “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.”
Managing Director/CEO, Uzo Oshogwe, credited the company’s success to strategic execution and team commitment, saying: “Our exceptional H1 2025 performance reflects our relentless execution of a growth-focused agenda.
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.”
Transcorp Hotels Plc is a major player in the hospitality sector in Africa, with landmark assets including the Transcorp Hilton Abuja and the innovative digital hospitality platform, Aura by Transcorp Hotels.
The Company continues to drive a future-focused agenda that positions it at the forefront of hospitality transformation across the continent.
