Transcorp Hotels Plc has published its financial results for the second quarter of 2025, posting a pre-tax profit of N6.07 billion, an improvement from the N4.3 billion recorded in the same period of 2024.
With this performance, the group’s pre-tax profit for the first half of the year rose to N12.2 billion, representing a 16.7% increase compared to the N10.4 billion reported in the corresponding period last year.
A strong surge in revenue largely powered this growth, with second quarter revenue rising to N26.5 billion, up 67.2% from the same period last year.
This pushed the group’s half-year revenue to N47.5 billion, a 60% increase from the previous year.
In the second quarter, the cost of sales rose to N6.1 billion, up 33.95% from the previous year.
Operating expenses, mainly made up of employee costs and management fees, also rose sharply to N13.7 billion, up 91.33%, reducing the potential impact of gross profit on operating profit.
For the quarter, the group reduced its finance costs slightly by 2.57% to N951.7 million, while finance income grew to N172.8 million, up 18.53%.
On the balance sheet, total assets stood at N153.4 billion, an increase from N140.6 billion as of December 2024. Retained earnings also grew by 3.37% to N65.3 billion.
As of the trading day ended July 24, 2025, shares of the company were priced at N142.40, with a year-to-date performance of 22.8%.