Transcorp Hotels Plc has reported a profit before tax of ₦13.7 billion for the first half of 2026, representing a 12 per cent increase from the ₦12.2 billion recorded during the corresponding period of 2025, despite a decline in revenue driven by weaker performance in its international business segment.
The hospitality company disclosed the unaudited financial results for the six months ended June 30, 2026, in a regulatory filing submitted to the Nigerian Exchange Limited (NGX).
According to the results, profit after tax rose by 21 per cent to ₦10.5 billion, compared with ₦8.7 billion in the first half of 2025. However, revenue declined to ₦44.4 billion from ₦46.9 billion recorded in the same period last year, reflecting softer demand in the company’s international business operations.
Despite the lower revenue, the company said it strengthened profitability through disciplined cost management and improved operational efficiency. Its operating expense margin improved by three percentage points during the review period, helping to offset the impact of reduced turnover.
Commenting on the performance, Managing Director and Chief Executive Officer of Transcorp Hotels Plc, Uzoamaka Oshogwe, said the results demonstrated the resilience of the business in a challenging operating environment.
“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,” Oshogwe said.
She added that the company remains committed to strengthening its market leadership, making strategic investments, and delivering sustainable long-term value to shareholders.
Chief Finance Officer Oluwatobiloba Ojediran attributed the improved earnings to prudent financial management, revenue optimisation and disciplined execution of the company’s operating strategy.
He noted that the combination of strict cost control and operational efficiency contributed to the 12 per cent growth in profit before tax and the 21 per cent increase in profit after tax, providing a solid foundation for future growth.
Beyond its financial performance, Transcorp Hotels said it continues to strengthen its hospitality portfolio through flagship assets such as Transcorp Hilton Abuja and the Transcorp Centre, a 5,000-seat purpose-built conference and events venue that has hosted several major corporate and social events since its launch.
