Transcorp Hotels Plc has reported a strong performance for the first half of 2025, with a significant 60% year-on-year revenue growth, reaching ₦47.57 billion from ₦29.72 billion in H1 2024.
According to the financial statement released on Friday, the company also saw a 71% increase in gross profit, rising to ₦36.21 billion from ₦21.19 billion in the preceding year. This growth translated into an improved gross profit margin of 76% in H1 2025, despite challenging macroeconomic conditions.
Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation Plc, one of Africa’s leading listed companies with strategic
investments in the power, hospitality, and energy sectors. Transcorp Hotels is redefining hospitality standards in Africa through its businesses, including the iconic Transcorp Hilton located at Nigeria’s capital city Abuja.
A notable achievement during this period was the launch of the Transcorp Centre, a world-class, 5,000-seat capacity venue, which solidifies Transcorp Hotels’ position as a leader in events and hospitality in Nigeria.
“The Transcorp Centre is a testament to our commitment to innovation and our vision to redefine the hospitality landscape in Africa,” said Emmanuel Nnorom, Chairman of Transcorp Hotels Plc. This new venue is expected to unlock new revenue streams and drive sustainable growth for the company.
In line with its commitment to delivering value to shareholders, Transcorp Hotels is distributing an interim dividend of ₦1.024 billion, which translates to ₦0.10 for every 50 kobo ordinary share to shareholders.
Emmanuel Nnorom, Chairman of Transcorp Hotels Plc, attributed this strong performance to “transformative strategies, focusing on innovation and operational efficiency,” and expressed confidence in the company’s future growth and its mission to redefine hospitality in Africa.
Uzo Oshogwe, MD/CEO of Transcorp Hotels Plc, emphasized that the “exceptional H1 2025 performance reflects our growth-focused agenda, the resilience of our business model, and the dedication of our team.” He also highlighted that “the Transcorp Hilton Abuja and the new
Transcorp Centre are key assets driving our leadership in Nigeria’s hospitality sector and our pursuit of excellence across Africa.”
