By Sofiyyah Layole
Transcorp Hotels Plc has sustained its strong financial momentum into Q3 of 2025, ended September 30, 2025, reporting a 49 per cent rise in revenue to ₦72.31 billion from ₦48.49 billion recorded in the corresponding period of 2024.
According to its unaudited financial results for the period disclosed to the Nigeria Exchange Group (NGX), signed by the company’s secretary, Atinuke Kolade reveals that the company also recorded a 36 per cent growth in Profit Before Tax (PBT), rising to ₦22.4 billion from ₦16.44 billion posted in Q3 2024.
The company attributed the impressive performance to operational efficiency, sustained customer patronage, and strategic expansion across its hospitality offerings. Its gross profit margin rose to 76 per cent, up from 71 per cent in the previous year, signalling improved cost management and enhanced service delivery across its business locations.
Profit After Tax (PAT) also grew by 45 per cent to ₦14.82 billion in the period under review, compared to ₦10.23 billion in the corresponding period last year.
Earnings per share (EPS) also improved to 145 kobo from 100 kobo reported in the same period of 2024, demonstrating stronger returns to shareholders.
Transcorp Hotels’ total assets crossed the ₦150 billion mark, rising to ₦154.25 billion in Q3 2025 from ₦140.69 billion as at December 2024, reflecting ongoing investments and expansion in hospitality infrastructure.
Shareholders’ funds also grew to ₦88.4 billion from ₦80.71 billion in December 2024, emphasizing the company’s strong balance sheet.
Commenting on the results, Chairman of Transcorp Hotels Plc, Emmanuel Nnorom, said the company’s consistent performance reaffirms its resilience and putting the ‘customer at heart’ strategy despite economic headwinds.
“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,” he said.
Managing Director/Chief Executive Officer, Uzo Oshogwe, also said the company continues to strengthen its market leadership by investing in world-class facilities and innovation.
“With the success of our newly commissioned 5,000-seat Transcorp Centre, we are positioning Nigeria as the preferred destination for global conferences and events. Our Q3 results reflect our passion for excellence and our commitment to redefining hospitality in Africa,” she said.
The Q3 earnings extend the company’s track record of consistent growth, putting it on course to surpass its full-year 2024 performance and close the year on an event stronger note.