Transcorp Hotels Plc has announced a strong start to 2026, posting a pretax profit of N7.07 billion for the first quarter ended March 31, 2026. This represents a 14.97% year-on-year increase from N6.1 billion in the corresponding period of 2025.20
The hospitality company, a subsidiary of Transnational Corporation Plc (Transcorp Group), recorded revenue of N22.41 billion, up 9% from N20.64 billion in Q1 2025. The growth was primarily driven by robust demand for rooms, which contributed N15.7 billion to revenue, complemented by N5.5 billion from food and beverage sales.0
Gross profit rose 11.13% to N17.1 billion, while operating profit increased 10.49% to N7.6 billion. The company achieved this amid improved operational efficiency, reducing its cost of sales margin from 25% in Q1 2025 to 23% in Q1 2026. After accounting for finance costs of N762.2 million and finance income of N219.7 million, pretax profit settled at N7.07–N7.08 billion across reported figures.1
Management attributed the performance to sustained high occupancy and guest demand across its premium properties, including Transcorp Hilton Abuja. The results reflect disciplined cost management and the company’s ability to capitalise on Nigeria’s growing hospitality sector amid economic recovery and business travel rebound.
Transcorp Hotels continues to strengthen its position as a leading player in Africa’s hospitality industry, with expanded margins signalling resilience and potential for further growth in the remaining quarters of 2026. The unaudited results were released on the Nigerian Exchange Limited on April 24, 2026.
