Transcorp Hotels Plc the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group), has announced its unaudited results for the first quarter ended March 31, 2025.
Key Highlights
- Strong growth in Revenue
Transcorp Hotels recorded an impressive Y-o-Y revenue growth of 52% from N13.8bn in Q1, 2024, to N21.0bn in Q1, 2025. This strong growth reflects enhanced operational performance.
With the recent completion of the new event centre, the company is well-positioned to unlock additional revenue streams and drive further profit growth—reinforcing Transcorp Hotels’ leadership in Nigeria’s hospitality sector and creating long-term value for shareholders.
- Improved Margins
Transcorp Hotels Plc achieved a notable improvement in gross profit margin in Q1 2025, despite a challenging macroeconomic environment marked by rising inflation and increased operating costs.
The company successfully reduced its cost of sales margin from 28% in Q1 2024 to 25% in Q1 2025, resulting in a 75% gross profit margin in Q1, 2025.
- Sustained Profitability
oTranscorp Hotels Plc sustained its profit momentum in Q1 2025, growing gross profit by 59.6% to N15.84 billion from N9.92 billion of the preceding year also delivering a strong Profit before Tax of ₦6.16 billion compared with N6.09 billion of the previous year— even without the exceptional ₦2.9 billion FX 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 MD/CEO, Uzo Oshogwe comments:
“Our Q1 2025 results demonstrate the underlying 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.”
