Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, on Monday announced that it realised about 52 percent growth in its Group revenue in the first quarter of 2025, from N13.8bn in Q1, 2024, to N21bn.
This was contained in its unaudited results for the first quarter ended March 31, 2025 unveiled on Monday.
Key Highlights of the results, which showed strong growth in revenue, reflecting enhanced operational performance.
With the recent completion of its new event centre, Transcorp Hotels management said the company was well-positioned to unlock additional revenue streams and drive further profit growth in the coming years to consolidate its position as the leading force in Nigeria’s hospitality sector and creating long-term value for shareholders.
Also, the result revealed improved margins, with Transcorp Hotels Plc achieving a notable improvement in gross profit margin in Q1 2025, despite a challenging macroeconomic environment marked by rising inflation and increased operating costs.
Details of the result showed the company successfully reduced its cost of sales margin from 28 percent in the first quarter of 2024 to 25 percent in the corresponding period in 2025, resulting in a 75 percent gross profit margin.
Besides, the result showed sustained profitability, with Transcorp Hotels Plc’s gross profit in the first quarter of 2025 growing by 59.6 percent to N15.84 billion, from N9.92 billion of the preceding year.
In addition, the company also delivered a strong profit before tax (PBT) of ₦6.16 billion, compared with N6.09 billion of the previous year— even without the exceptional ₦2.9 billion foreign exchange gain recorded in the prior year.
“This solid performance highlights the underlying strength of our operations and our ability to deliver value, even in a less favourable macroeconomic environment,”
Transcorp Plc Managing Director /Chief Executive Officer, Uzo Oshogwe, said of the result.
“Our Q1 2025 results demonstrate the 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.”
About Transcorp Hotels Plc
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 Abuja, Nigeria’s flagship hospitality destination, and digital platform, Aura by Transcorp Hotels.
