Transcorp Hotels Plc has reported a profit before tax of ₦13.7 billion for the first half of 2026, representing a 12 per cent increase from ₦12.2 billion recorded during the corresponding period of 2025, as the hospitality company strengthened profitability despite softer revenue.

The unaudited financial results for the period ended 30 June 2026 also showed that profit after tax rose by 21 per cent to ₦10.5 billion, compared with ₦8.7 billion in the same period last year.

Revenue declined to ₦44.4 billion from ₦46.9 billion, which the company attributed to weaker demand in its international business segment.

Despite the lower revenue, Transcorp Hotels improved operational efficiency, with its operating expense margin strengthening by three percentage points as a result of disciplined cost management.

The company said the performance reflected its continued focus on operational excellence, prudent financial management and customer-centred innovation despite a challenging operating environment.

Managing Director and Chief Executive Officer of Transcorp Hotels Plc, Uzoamaka Oshogwe, said the results demonstrated the resilience of the business.

“Our Q2 2026 performance reflects the resilience of our business and the disciplined execution of our strategy in a dynamic operating environment. While market conditions remained challenging, we continued to deliver strong profitability by staying focused on operational excellence, commercial agility and creating exceptional experiences for our guests.

“We remain committed to strengthening our market leadership, investing strategically in our business and delivering sustainable long-term value for our shareholders.”

Chief Finance Officer, Oluwatobiloba Ojediran, said disciplined cost management and revenue optimisation contributed to the company’s improved earnings.

“Our disciplined approach to cost management, revenue optimisation and operational execution delivered a 12 per cent increase in profit before tax to ₦13.7 billion, alongside a 21 per cent growth in profit after tax to ₦10.5 billion compared with ₦8.7 billion in the corresponding period last year.

“These strong financial results reinforce the resilience of our business, provide a solid platform for sustainable growth and position us to continue investing strategically while delivering long-term value for our shareholders.”

Beyond its financial performance, the company said it continued to strengthen its portfolio of hospitality assets.

Its flagship property, Transcorp Hilton Abuja, remains one of Nigeria’s leading hotels, while Transcorp Centre, one of West Africa’s largest purpose-built conference and events venues, continues to attract major corporate, business and social events.

According to the company, the venue has hosted several landmark gatherings since its launch, further reinforcing its position as a leading destination for conferences and large-scale events in Nigeria.