Transcorp Hotels Plc has reported a robust financial performance for the third quarter of 2025, with revenue rising by 49 per cent to N72.31 billion from N48.49 billion recorded in the same period last year.

The hospitality subsidiary of Transnational Corporation Plc (Transcorp Group) also posted a profit before tax of N22.4 billion, representing a 36 per cent increase compared to N16.44 billion in Q3 2024.

The results underscored the company’s steady growth trajectory driven by operational efficiency, disciplined cost management, and an unrelenting focus on customer satisfaction. Gross profit margin improved to 76 per cent from 71 per cent last year, reflecting strengthened performance across its business units.

Chairman of Transcorp Hotels Plc, Emmanuel Nnorom, attributed the results to the company’s consistent execution of its strategic priorities.

He 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/Chief Executive Officer, Uzo Oshogwe, said the company’s growth continues to reflect its 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,” Oshogwe stated.

Oshogwe added that Transcorp Hotels’ investments in innovation and sustainability are driving its leadership in Nigeria’s hospitality industry, supported by a team dedicated to setting new benchmarks for excellence.