By: Goodluck E.Adubazi, Abuja.

Transcorp Hotels Plc has announced a strong financial performance for the 2025 fiscal year, recording significant growth in revenue, profit, assets, and shareholder returns despite a challenging operating environment.

The hospitality giant posted a 38 percent increase in revenue, rising from ₦70 billion in 2024 to ₦97 billion in 2025. The impressive growth was driven by heightened service standards, exceptional demand for food and beverage offerings, and increased corporate and international Meetings, Incentives, Conferences, and Exhibitions (MICE) activities.

Profit before tax surged by 45 percent to ₦32.8 billion, underscoring improved operational efficiency and strong cost management amid inflationary pressures.

Total assets grew by 14 percent, from ₦140.7 billion in 2024 to ₦159.9 billion in 2025, largely due to strategic investments in infrastructure and facility upgrades. Shareholders’ equity also rose by 18 percent, reflecting sustained profitability and reinvestment strategies.
The company declared a total dividend of ₦1.30 per share for the year — comprising an interim dividend of 10 kobo and a final dividend of ₦1.20 — representing a 35 percent increase over the previous year. Total dividend payout exceeded ₦13 billion.

Speaking to Journalists at the 12th Annual General Meeting held at the Congress Hall of Transcorp Hilton Abuja, Chairman Awele Elumelu attributed the strong performance to brand strength, operational efficiency, diversification efforts, and technological upgrades.

She highlighted the impact of the newly developed Transcorp Event Centre, a 5,000-capacity multifunctional facility, which hosted major international events in 2025, including Afreximbank gatherings that attracted thousands of dignitaries and heads of state.

Mrs Elumelu noted that investments in digital innovation — from automated check-in systems to enhanced room service technology — alongside staff development, significantly boosted occupancy and customer satisfaction.

Looking ahead to 2026, she reaffirmed the board’s confidence in sustaining growth, revealing plans to expand operations to Lagos while maintaining a strong commitment to corporate governance, infrastructure investment, and brand development.

Managing Director and Chief Executive Officer, Uzoamaka Oshagwe, disclosed that occupancy levels have remained strong, reaching nearly 100 percent since mid-January 2026 — traditionally a slower period due to the fasting season.

Addressing concerns over energy costs, Oshagwe explained that the company has partnered with Transcorp Power and Transcorp Energy to reduce electricity expenses through alternative energy solutions, including the introduction of dual gas-powered boilers servicing its 667 rooms.

She added that renewable energy initiatives are also being explored as part of the company’s sustainability and ESG commitments.

She outlined three strategic priorities for 2026:
Relentless focus on revenue growth through disciplined capital allocation.
Operational excellence, driven by investment in people and technology.
Brand reinforcement and sustainability integration across operations.
According to Oshagwe, the company aims to build on its ₦100 billion revenue milestone while pursuing further expansion.

Meanwhile, Transcorp Hotels shareholders expressed satisfaction with both dividend payouts and capital appreciation.

A shareholder and National Chairman of the New Dimension Shareholders Association of Nigeria, Patrick Ajudua, described the ₦1.30 dividend as the highest in over a decade and commended management for delivering strong returns.

Similarly, the National Coordinator of the Pragmatic Shareholders Association of Nigeria, Bakari, praised the nearly 50 percent earnings payout ratio, noting that earnings per share stood at ₦2.14. He also highlighted significant capital gains, with the company’s share price rising from below ₦30 last year to nearly ₦200.
Another shareholder, Kabiru Abdullah, described the dividend approval as “remarkable,” expressing optimism for an interim dividend in 2026.

With sustained profitability, expanding infrastructure, digital transformation, and shareholder-focused policies, Transcorp Hotels appears poised to consolidate its leadership position in Nigeria’s hospitality sector as it charts a growth-focused course for 2026.