Transcorp Hotels Plc has reported a revenue of N47.57bn for the half year ended June 30, 2025, representing a 60 per cent increase compared to N29.72bn recorded in the same period of 2024.

The company also announced a 71 per cent growth in gross profit, rising from N21.19bn in the first half of 2024 to N36.21bn in the first half of 2025. This pushed the gross profit margin to 76 per cent despite inflationary pressures and increased operating costs.

Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation Plc, with investments in Transcorp Hilton Abuja and a digital platform, Aura by Transcorp Hotels.

In a statement filed with the Nigerian Exchange Limited on Friday, the company said the performance was driven by sustained innovation, operational efficiency, and the launch of the new 5,000-seat Transcorp Centre in Abuja.

As part of its commitment to delivering shareholder value, Transcorp Hotels declared an interim dividend of N1.024bn, translating to 10 kobo per 50 kobo ordinary share, subject to appropriate withholding tax.

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

Also, Managing Director and Chief Executive Officer, Uzo Oshogwe, said the company’s exceptional results reflect its growth-focused agenda and the resilience of its business model.

She said, “Building on the foundation of our iconic assets, the Transcorp Hilton Abuja and the new 5,000-seat capacity Transcorp Centre, we are not just leading Nigeria’s hospitality sector, but redefining excellence across Africa.”