Transcorp Hotels Post N22.4bn Pre-tax Profit For Q3

Transcorp Hotels Plc has released its unaudited results for the third quarter ended September 30, 2025, showing a profit before tax of N22.4 billion.

The Company’s results released on the Nigerian Exchange Limited showed an outstanding performance across key metrics.

Revenue grew by 49 per cent to N72.31 billion from N48.49 billion in Q3 2024. Cost of sales went up to N17.255 billion as against N14.156 billion in 2024, while gross profit stood at N55.058 billion from N34.330 billion in 2024.

Profit before tax rose 36 per cent to N22.4 billion, from N16.44 billion in Q3 2024. Net profit for the period amounted to N14.824 billion, higher than N10.240 billion in 2024, while earnings per share rose to N1.45 from N1.00 in 2024.

Also, gross profit margin expanded to 76 per cent, up from 71 per cent in Q3 2024.
Transcorp Hotel said, “This strong performance reflects its sustained focus on operational excellence, cost efficiency, and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector.

“With a future-ready growth strategy anchored on sustainability and innovation, the Company continues to unlock exceptional value for shareholders. The recently commissioned 5,000-seat Transcorp Centre is fast positioning Nigeria as Africa’s hub for world-class Meetings, Incentives, Conferences, and Exhibitions (MICE).”

Speaking on the results, the chairman of Transcorp Hotels, Emmanuel Nnorom, said, “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.”
The managing director/CEO of Transcorp Hotels, Uzo Oshogwe, added, “Our Q3 2025 results reflect our unwavering drive for excellence and our commitment to redefining hospitality in Africa. With the success of our newly commissioned 5,000-seat event centre, we are proud to be positioning Nigeria as the preferred destination for global conferences and events while scaling sustainable value for our shareholders.
“With its iconic hospitality assets and dedicated team, Transcorp Hotels continues to strengthen its leadership in the sector, setting new standards for growth, innovation, and service excellence.”