ABUJA, NIGERIA – Transcorp Hotels Plc (“Transcorp Hotels” or “the Company”) (NGX: TRANSCOHOT), the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has announced its unaudited results for the 1st quarter ended March 31, 2026, recording performance across key metrics.
The Company delivered ₦22.41 billion in revenue, a 9% increase from ₦20.64 billion in Q1 2025, while Profit Before Tax (PBT) increased by 15% to ₦7.08billion.
These results reflect Transcorp Hotels’ sustained focus on operational excellence, cost efficiency, and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector.
Key Highlights
Revenue Growth
- Revenue increased by 9% year-on-year, rising from ₦64 billion in Q1 2025 to ₦22.41 billion in Q1 2026.
Profitability Momentum
- Profit Before Tax grew by 15% to ₦08 billion, up from ₦6.18 billion in Q1 2025.
- Gross profit margin improved to 77% (Q1 2025: 75%), driven by enhanced operational efficiency and stronger service delivery.
- Cost of sales margin declined to 23% from 25% in 2025, reflecting the impact of effective cost optimisation strategies implemented during the period.
Management Commentary
Managing Director/CEO, Transcorp Hotels Plc, Uzoamaka Oshogwe commented:
“Our Q1 2026 performance underscores the strength of a strategy anchored on discipline, operational efficiency, and consistent value creation. The 15% growth in Profit Before Tax, alongside the improvement in gross profit margin to 77%, 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.”
Chief Finance Officer, Transcorp Hotels Plc, Oluwatobiloba Ojediran, added:
“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 ₦22.41 billion, a 9% growth from the ₦20.64 billion in Q1 2025, while effectively reducing our cost of sales margin 25% in Q1 2025 to 23% in Q1 2026. This demonstrates the impact of disciplined execution across all areas of the business.”
About Transcorp Hotels Plc
Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation Plc, one of Africa’s leading listed companies with strategic investments in the power, hospitality, and energy sectors. Transcorp Hotels is redefining hospitality standards in Africa through its businesses, including the iconic Transcorp Hilton Abuja, Nigeria’s flagship hospitality destination, and digital platform, Aura by Transcorp Hotels.
www.transcorphotels.com
