Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has released its unaudited results for the second quarter ended June 30, 2026.
Driven by disciplined cost management and continued operational excellence despite moderated revenue, the Company delivered N10.5 billion in profit after tax, a 21 percent increase from N8.7 billion in Q2 2025, while Profit Before Tax (PBT) increased by 12 percent to N13.7 billion from N12.2 billion in the same period in 2025.
The company’s revenue stood at N44.4 billion, compared to N46.9 billion in Q2 2025, driven by softer market demand in its International Business segment.
Profit Before Tax increased by 12 percent to N13.7 billion, from N12.2 billion. Profit After Tax rose by 21 percent to N10.5 billion, compared to N8.7 billion in the corresponding period last year.
Operating expense margin improved by 3 percentage points, demonstrating continued operational efficiency and prudent cost management.
These results validate Transcorp Hotels’ resilience and focus on operational excellence, cost efficiency, and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector.
Uzoamaka Oshogwe, managing director/CEO, Transcorp Hotels Plc, said, “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,” she added.
Beyond the numbers, Transcorp Hotels continues to strengthen its portfolio of iconic assets. Transcorp Hilton Abuja remains one of the Company’s flagship properties, while Transcorp Centre, one of West Africa’s largest purpose-built event and conference venues, is fast becoming a landmark for business, tourism, and world-class events in Nigeria. Since its launch, the venue has hosted several landmark gatherings, further cementing its position as a premier venue for high-profile corporate and social gatherings.
Speaking on the results, Oluwatobiloba Ojediran, Chief Finance Officer, Transcorp Hotels Plc, said, “Our disciplined approach to cost management, revenue optimisation, and operational execution delivered a 12 percent increase in Profit Before Tax to N13.7 billion, alongside a 21 percent growth in Profit After Tax to N10.5 billion, compared with N8.7 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,” Ojediran added.
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