Transcorp Hotels Plc, one of Nigeria’s leading hospitality brands and a subsidiary of Transnational Corporation Plc, has reported an impressive profit of N22.4 billion for the third quarter (Q3) of 2025, marking a significant increase compared to the same period last year. The company attributed the robust performance to higher occupancy rates, improved cost efficiency, and strategic expansion initiatives that boosted revenue streams across its operations.
According to the company’s unaudited financial statements released to the Nigerian Exchange Limited (NGX), revenue for the period rose substantially, driven by stronger performance in its flagship property, Transcorp Hilton Abuja, as well as growth from its digital hospitality offerings. The company’s revenue climbed to N58.6 billion, representing a double-digit increase year-on-year, while profit before tax surged by more than 40 percent.

The management of Transcorp Hotels noted that the company’s performance reflects its resilience amid Nigeria’s evolving economic conditions and continued efforts to diversify its income base. The hospitality giant has maintained its leadership position in the premium hotel market while also expanding its footprint through new developments and digital innovations aimed at enhancing customer experience.
Commenting on the results, Managing Director and Chief Executive Officer of Transcorp Hotels Plc, Dupe Olusola, said the company’s consistent growth underscores its operational strength, customer loyalty, and long-term strategic vision.
“Our strong third-quarter results demonstrate the success of our deliberate strategies to optimise revenue, manage costs effectively, and create superior guest experiences,” Olusola said. “Despite macroeconomic challenges such as inflation and currency volatility, we have continued to deliver exceptional value to our stakeholders through innovation and disciplined execution.”
She explained that the company’s digital transformation initiatives, including its online booking platforms and hospitality management systems, have significantly improved operational efficiency and revenue generation. Additionally, the growing demand for business and leisure travel contributed to the hotel’s record-breaking occupancy levels throughout the quarter.
Olusola further stated that Transcorp Hotels’ focus on sustainability and customer satisfaction remains at the heart of its growth strategy. “We continue to invest in our people, technology, and facilities to ensure we remain the preferred destination for both local and international guests,” she added.
Analysts have commended the company’s impressive performance, noting that it reflects strong fundamentals and effective management execution. Financial expert and capital market analyst, Dr. Michael Adebayo, said Transcorp Hotels’ results reinforce investor confidence in the hospitality sector, which has been gradually recovering from the disruptions caused by the COVID-19 pandemic.
“Transcorp Hotels has proven that the hospitality industry can be a major driver of non-oil revenue growth in Nigeria if properly managed,” Adebayo noted. “Their consistent profit growth and innovative expansion strategy position them as a model for sustainable business in a challenging economy.”
The report also showed that Transcorp Hotels continued to strengthen its balance sheet, with improved liquidity and reduced operating costs despite rising energy expenses and inflationary pressures. The company maintained a strong cash flow position, allowing it to invest in ongoing projects, including the development of new hospitality spaces in Lagos and Port Harcourt.
Shareholders have expressed optimism that the company’s positive trajectory will translate into higher dividends and capital gains in the coming fiscal year. Market data from the NGX revealed a surge in investor interest in Transcorp Hotels’ stock following the release of its earnings report, pushing its share price upward and reinforcing its position as one of the best-performing hospitality stocks on the exchange.
Industry observers said the company’s expansion into lifestyle and recreational segments, such as wellness centres and event management, is helping it capture new market opportunities while diversifying risk. The introduction of loyalty programs and digital hospitality solutions has also contributed to sustained customer retention and brand loyalty.
In addition, Transcorp Hotels’ partnership with local and international tourism agencies has further positioned it as a catalyst for Nigeria’s hospitality and travel industry growth. The firm has been actively supporting government initiatives aimed at boosting tourism and attracting foreign visitors, which aligns with its long-term vision of being Africa’s leading hospitality brand.
Looking ahead, the company’s management reaffirmed its commitment to sustaining growth through innovation, operational efficiency, and strategic investment in high-value assets. Olusola assured investors that Transcorp Hotels would continue to leverage its competitive advantages to strengthen its market leadership and deliver superior financial returns.
She added, “We are confident that our continued investments in technology, staff training, and infrastructure upgrades will enable us to navigate the challenges ahead and unlock even greater opportunities in the hospitality industry.”
With its strong Q3 performance, Transcorp Hotels is on track to close the 2025 financial year with record earnings, reinforcing its reputation as a key player in Nigeria’s non-oil sector and a driver of economic diversification.
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