Transcorp Hotels grows Q1 pre-tax profit to N7.08bn

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group), has released its unaudited results for the first quarter ended March 31, 2026.

The Company delivered N22.41 billion in revenue, a 9 percent increase from N20.64 billion in Q1 2025, while Profit Before Tax (PBT) increased by 15percent to N7.08billion.

These results reflect Transcorp Hotels’ sustained focus on operational excellence, cost efficiency, and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector.

Revenue increased by 9 percent year-on-year, rising from N20.64 billion in Q1’2025 to N22.41 billion in Q1 2026. Profit Before Tax (PBT) grew by 15 percent to N7.08 billion, up from N6.18 billion in Q1 2025.

The company’s gross profit margin improved to 77 percent (Q1 2025: 75 percent), driven by enhanced operational efficiency and stronger service delivery.

Cost of sales margin declined to 23 percent from 25 percent in 2025, reflecting the impact of effective cost optimisation strategies implemented during the period.

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Uzoamaka Oshogwe, managing director/CEO, Transcorp Hotels Plc said, “Our Q1 2026 performance underscores the strength of a strategy anchored on discipline, operational efficiency, and consistent value creation.

“The 15 percent growth in Profit Before Tax, alongside the improvement in gross profit margin to 77 percent, reflects the resilience of our fundamentals and the deliberate execution of our growth agenda.

“Transcorp Hotels is not only growing; we are setting new benchmarks for world-class hospitality in Africa and remain committed to continuously elevating that standard,” she said.

Oluwatobiloba Ojediran, chief finance officer, Transcorp Hotels Plc said, “These results reflect a clear and compelling story of a team deeply committed to operational efficiency and cost management without compromising our service standard.

“In Q1 2026, we achieved revenue of N22.41 billion, a 9 percent growth from the N20.64 billion in Q1 2025, while effectively reducing our cost of sales margin 25 percent in Q1 2025 to 23 percent in Q1 2026. This demonstrates the impact of disciplined execution across all areas of the business,” Ojediran said.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.