ABUJA, NIGERIA – [April 23, 2026] – 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 ₦20.64 billion in Q1 2025 to ₦22.41 billion in Q1 2026.
Profitability Momentum
• Profit Before Tax grew by 15% to ₦7.08 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.”
