A 49 per cent revenue growth was recorded by Transcorp Hotels Plc in the third quarter of 2025, according to details of its financial statements for the period ended September 30, 2025.
The results, filed to the Nigerian Exchange (NGX) Limited, showed that the hospitality subsidiary of Transcorp Plc grew its earnings N72.31 billion from N48.49 billion in the third quarter of 2024.
However, Business Post reports that other operating income significantly went down to N520.3 million from the N5.0 billion recorded in the same period of last year, mainly driven by the net unrealised foreign exchange loss (N20.7 million) recorded this period compared with the N4.4 billion gained in the corresponding period of 2024.
A further look into the results showed that operating expenses incurred in the period under review surged by 49.28 per cent to N30.9 billion from N20.7 billion.
Also, the gross profit margin expanded to 76 per cent from 71 per cent, as the profit before tax (PBT) surged by 36 per cent to N22.4 billion from N16.44 billion in Q3 2024 and the profit after tax (PAT) jumped by 45.10 per cent to N14.8 billion from N10.2 billion.
This strong performance reflects Transcorp Hotels’ sustained focus on operational excellence, cost efficiency, and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector.
“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 chairman of Transcorp Hotels, Mr Emmanuel Nnorom, said.
On her part, the chief executive of Transcorp Hotels, Ms Uzo Oshogwe, said, “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.”