Transcorp Hotels Plc has reported a revenue growth of N47.6 billion in the first half of the year.
This is a 60.07 per cent rise from the N29.7 billion generated as revenue within the same period under review in 2024.
Transcorp Hotels announced this in its unaudited financial report for the first half of the year, released as a corporate disclosure through the Nigerian Exchange Limited on Friday, July 25, 2025.
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The report disclosed that the hotel witnessed a 70.92 per cent growth in its gross profit from N21.19 billion to N36.2 billion, while the profit before tax rose from N10.5 billion to N12.2 billion.
The company raked in N8.7 billion profit, an increase from N6.6 billion of the previous year.
Transcorp Hotels incurred further losses in its cost of sales from N8.53 billion to N11.36 billion, while the operating expenses increased from N13.3 billion to N22.8 billion.
The Earnings per share also increased from 65k to 85k.
The MD/CEO Transcorp Hotels Plc, Uzo Oshogwe, said: “Our exceptional H1 2025 performance reflects our relentless execution of a growth-focused agenda. These results reflect the resilience of our business model and the dedication of our team.
“Building on the foundation of our iconic assets, the Transcorp Hilton Abuja and the new 5,000-seat capacity Transcorp Centre, 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.”
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