Transcorp Hotels Plc has reported a profit before tax of ₦22.5 billion for the nine months ended September 2026, representing a slight increase from ₦22.4 billion recorded in the same period last year.
The hospitality company, which operates Transcorp Hilton Abuja, also recorded a 5 per cent increase in profit after tax to ₦15.5 billion, compared with ₦14.8 billion in 2025.
However, revenue declined by 3 per cent to ₦69.5 billion from ₦71.3 billion, reflecting weaker income despite the improvement in overall profitability.
The company attributed its performance partly to cost management, with administrative expenses falling by 2 per cent to ₦29.3 billion. Net finance costs also dropped by 35 per cent to ₦1.5 billion, helping support earnings during the period.
Managing Director and Chief Executive Officer of Transcorp Hotels, Uzoamaka Oshogwe, said the company remained focused on protecting profit margins, improving operational efficiency and pursuing sustainable growth.
The company’s total assets increased by 29 per cent to ₦206.8 billion as of September 2026, compared with ₦159.9 billion at the end of December 2025.
Despite the growth in profits, the decline in revenue highlights the need for the company to strengthen sales and maintain demand across its hospitality and events businesses.
Source: The Guardian Nigeria; Transcorp Hotels Plc financial results.
