Transcorp Hotels Plc has reported a strong financial performance for the 2025 financial year, posting N97 billion in revenue, representing a 38 per cent increase over the previous year.
Speaking at the company’s 12th Annual General Meeting held in Abuja on Thursday, Chairman Awele Elumelu described 2025 as a successful year, noting that the hospitality group entered 2026 on a solid footing.
“For Transcorp Hotels Plc, 2025 was actually a good year. We’ve entered 2026 quite strongly. We ended the year with revenue of N97 billion, which was a 38 per cent increase on the preceding year,” she said.
The company rewarded shareholders with a final dividend of N1.30 per share, reflecting improved returns and sustained growth. Elumelu attributed the performance to strong corporate governance, effective management, operational efficiency, and continued shareholder support.
She highlighted brand strength and diversification as key growth drivers, pointing to the launch of the Transcorp Event Centre in 2025 — a 5,000-capacity multifunctional facility that hosted major events, including an Afrexim gathering attended by about 4,000 dignitaries. Investments in digital technology and enhanced customer service, including seamless check-in systems and room service upgrades, also contributed to revenue growth.
Managing Director Uzoamaka Oshogwe disclosed that total dividend payout for the year stood at approximately N13 billion, combining prior interim payments with the final dividend. She added that occupancy levels rebounded strongly after a slow January, reaching nearly 100 per cent from mid-month.
On cost management, Oshogwe said the company is collaborating with Transcorp Group subsidiaries to address energy expenses and sustainability. Initiatives include the deployment of dual gas-powered boilers across its 667 rooms and exploration of renewable energy solutions to reduce costs and improve environmental performance.
Financial highlights showed profit before tax of N22.61 billion for the year ended December 31, 2024, marking a 138.48 per cent year-on-year increase. Gross profit margin remained robust at 70.89 per cent despite rising costs, with room sales delivering an 84.5 per cent margin. Energy expenses, however, climbed significantly during the year.
Total assets rose 11.58 per cent to N140.7 billion, while total borrowings declined 22.12 per cent, reducing financial leverage. Interest expenses fell 10.21 per cent, improving the company’s interest coverage ratio to 9.3 times.
Looking ahead to 2026, management outlined a strategy centred on operational excellence, technology investment, brand expansion – including plans for a Lagos outlet – and sustained revenue growth.