Q3 2026: Transcorp Hotels Widens Margins, Grows Profit Before Tax to ₦22.5bn

Transcorp Hotels Plc, a hospitality subsidiary of the Transnational Corporation Group, disclosed its unaudited financial results for Q3 2026, ending September 30, 2026. The company reported a profit before tax (PBT) of ₦22.5 billion, a slight increase of 1% from the ₦22.4 billion recorded in Q3 2025. Profit after tax (PAT) grew by 5% to ₦15.5 billion, compared to ₦14.8 billion in the previous year.

Revenue for the period stood at ₦69.5 billion, a 3% decline from the ₦71.3 billion recorded in Q3 2025. Administrative expenses decreased by 2% to ₦29.3 billion, reflecting ongoing cost optimization efforts. Net finance cost fell by 35% to ₦1.5 billion from ₦2.3 billion. Total assets expanded by 29% to ₦206.8 billion from ₦159.9 billion as of December 2025, while shareholders' funds reached ₦97.5 billion.

Transcorp Hotels Plc's Managing Director and CEO, Uzoamaka Oshogwe, highlighted the company's ability to maintain profitability and strengthen its financial position through disciplined execution and effective resource management. She noted a 5% increase in profit after tax despite a 3% decline in revenue, stating that the company is converting revenue into stronger profits and building a more resilient business.

The CEO emphasized the company's focus on sustaining margin growth, deepening guest and client engagement, and maximizing returns as demand strengthens. Transcorp Hotels Plc's Chief Finance Officer, Oluwatobiloba Ojediran, mentioned that the quality of the company's earnings improved during the period due to lower finance costs and controlled administrative expenses.

Net finance cost declined by 35% to ₦1.5 billion, representing about 2% of revenue, while administrative expenses remained below the previous year's level. Ojediran added that the growth in total assets and shareholders' funds indicated the company's expanding balance sheet. The company is continuing to strengthen its hospitality and lifestyle portfolio, with Transcorp Hilton Abuja catering to business and leisure travelers and Transcorp Centre supporting Abuja's position as a destination for major corporate, cultural, and social events.