Transcorp Hotels Plc has announced a strong first-half performance for the period ended June 30, 2025, with revenue climbing to ₦47.57 billion, up 60 percent from ₦29.72 billion in H1 2024.

The hospitality arm of Transnational Corporation Plc also reported a 71 percent jump in gross profit—rising from ₦21.19 billion to ₦36.21 billion—lifting its gross margin to 76 percent despite persistent inflation and rising costs.

In its Interim Financial Statement filed with the Nigerian Exchange Limited on Friday, Transcorp Hotels attributed the uplift to sustained innovation, operational efficiencies, and the opening of its new 5,000 seat Transcorp Centre in Abuja, alongside robust performance at Transcorp Hilton Abuja and its digital platform, Aura by Transcorp Hotels.

As part of its commitment to shareholders, the company declared an interim dividend of ₦1.024 billion (equivalent to 10 kobo per 50 kobo ordinary share), subject to applicable withholding tax.

Commenting on the results, Chairman Emmanuel Nnorom said, “Transcorp Hotels’ outstanding performance in the first half of 2025 validates our transformative strategies, with a laser focus on innovation and operational efficiency. It affirms our unwavering dedication to delivering investor returns and underscores our confidence in the company’s future growth.”

Managing Director & CEO Uzo Oshogwe added, “Building on the strength of our flagship Transcorp Hilton Abuja and the new Transcorp Centre, we are not only leading Nigeria’s hospitality sector but redefining excellence across Africa.”