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Shareholders of Transcorp Hotels Plc on Thursday approved the sum of N13 billion as dividend for the 2025 financial year, translating to N1.30 kobo per share.
At the company’s Annual General Meeting in Abuja, shareholders also commended the management for consistently improving financial performance over the years.
Strong Financial Performance in 2025
Chairman of Transcorp Hotels Plc, Dr. Awele Elumelu, disclosed that 2025 was a remarkable year, with revenues increasing by 38 per cent to N97 billion, compared to N70 billion in the preceding year.
She attributed the growth to a combination of elevated service standards and strong customer demand.
“We saw an exceptional demand for our food and beverage offerings while our relentless focus on service excellence drove repeat business,” Elumelu said.
Despite inflationary pressures, the company maintained strong profitability. Profit After Tax (PAT) rose to N32.8 billion, representing a 45 per cent year-on-year growth—demonstrating both revenue strength and improved operational efficiency.
Strategic Outlook for 2026
Looking ahead, Elumelu reaffirmed the company’s focus on expansion and innovation.
“As we look ahead to 2026, I will like to reaffirm our ongoing focus on the development of a new hotel in Lagos. Transcorp Hotel, Ikoyi—a flagship 5-star property set to revolutionize high-end accommodation and premium guest experience in Lagos,” she stated.
She acknowledged potential challenges posed by geopolitical tensions and macroeconomic uncertainties but expressed optimism about the long-term prospects of the hospitality industry.
Cost Optimization and Sustainability Initiatives
Managing Director and Chief Executive Officer of Transcorp Hotels, Uzoamaka Oshogwe, disclosed that the company is partnering with Transcorp Power to explore cheaper energy options.
“One of the initiatives we implemented towards the end of last year was the dual gas burner system. That means we’re using gas to generate power for all our boilers. If you think about the number of boilers we have across 667 rooms, that’s significant. Not only does that save costs, it is also environmentally friendly,” Oshogwe explained.
She added that the company is also working with Transcorp Energy and exploring renewable energy solutions to integrate sustainability and ESG factors into its operations.
2026 Revenue Optimization Strategy
Oshogwe outlined the company’s three key focus areas for 2026:
1. Relentless Focus on Revenue Growth
“We are putting our funds into projects that have strong capital appreciation and a multiplier effect on revenue generation. Funds are limited, so we must ensure that whatever projects we invest in have a multiplying effect on revenue.”
2. Operational Excellence
“This involves investing in our people and also in technology. These are the two key areas we are focusing on to strengthen operational excellence.”
3. Brand Relevance
“It’s about ensuring that people understand what our brand stands for and equate that with sustainability in our operations.”
She expressed confidence that these strategic priorities would enable the company to sustain and multiply revenue growth in the year ahead.
