Transcorp Hotels posts N22.4bn Q3 profit

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, recorded a 36 per cent rise in its Profit Before Tax to N22.4bn for the third quarter ended September 30, 2025.

This was disclosed in a statement on Monday as the firm announced its unaudited results for the third quarter, which indicated a positive performance across key metrics.

In terms of revenue, the company delivered N72.31bn, a 49 per cent increase from N48.49bn in Q3 2024. Gross Profit Margin expanded to 76 per cent, up from 71 per cent in Q3 2024, which the firm said was driven by operational efficiency and superior service delivery.

Transcorp Hotels revealed that it had a future-ready growth strategy anchored on sustainability and innovation with the aim of unlocking value for shareholders. The recently commissioned 5,000-seat Transcorp Centre is fast positioning Nigeria as Africa’s hub for world-class meetings, incentives, conferences, and exhibitions.

Commenting on the company’s performance, the Chairman of Transcorp Hotels Plc, Emmanuel Nnorom, said, “This impressive Q3 performance underscores our time-tested strategy focused on cost discipline, operational efficiency, and putting the customer at the heart of everything we do. We remain committed to delivering sustainable profitability and long-term value for our investors.”

Managing Director/Chief Executive Officer of Transcorp Hotels Plc, Uzo Oshogwe, added, “Our Q3 2025 results reflect our unwavering drive for excellence and our commitment to redefining hospitality in Africa. With the success of our newly commissioned 5,000-seat event centre, we are proud to be positioning Nigeria as the preferred destination for global conferences and events, while scaling sustainable value for our shareholders.

“With its iconic hospitality assets and dedicated team, Transcorp Hotels continues to strengthen its leadership in the sector, setting new standards for growth, innovation, and service excellence.”

Meanwhile, Transcorp Hotels recently won triple honours at the Seven Star Luxury Awards, where the brand won Best Luxury Business Hotel (Nigeria & Africa), Best Luxury Event and Conference Centre (Nigeria & Africa) and Best CEO of the Year.