Transcorp Hotels drives revenue growth to 21bn in 2025 first quarter
Transcorp Hotels drives revenue growth to 21bn in 2025 first quarter
Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group), has announced its unaudited results for the first quarter ended March 31, 2025.
It recorded Y-o-Y revenue growth of 52% from N13.8bn in Q1, 2024, to N21.0bn in Q1, 2025.
With the completion of its new event centre, the company planned to unlock additional revenue streams and drive further profit growth.
Transcorp Hotels Plc also achieved an improvement in gross profit margin in Q1 2025, despite a challenging macroeconomic environment marked by rising inflation and increased operating costs.
The company successfully reduced its cost of sales margin from 28% in Q1 2024 to 25% in Q1 2025, resulting in a 75% gross profit margin in Q1, 2025.
Transcorp Hotels Plc sustained its profit momentum in Q1 2025, growing gross profit by 59.6% to N15.84 billion from N9.92 billion of the preceding year.
It also delivered a strong profit before Tax of ₦6.16 billion compared with N6.09 billion of the previous year— even without the exceptional ₦2.9 billion FX gain recorded in the prior year.
Transcorp Plc Managing Director and Chief Executive Officer, Uzo Oshogwe, noted that the first quarter 2025 results demonstrate the underlying strength of the company business and the effectiveness of its strategic focus on driving revenue growth.
She added, “The significant increase in revenue and the impressive profit margin growth are clear indicators of the hard work and dedication of our team.
“We recently added Transcorp Centre, a 5,000-capacity event space, to our expanding assets, including the iconic Transcorp Hilton Abuja, as we continue to solidify our position as a leader in the African hospitality landscape.”
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