By Yahaya Umar
Transcorp Hotels Plc has announced an interim dividend of N1.024bn for the half year (H1) 2025.
The hospitality subsidiary of Transnational Corporation Plc stated this in its H1 unaudited results for the period ended June 30, 2025.
The dividend translates to N0.10 for every 50 kobo ordinary share, subject to appropriate withholding tax according to the company.
The H1 results show Transcorp Hotels recording an impressive Y-o-Y revenue growth of 60 per cent from ₦29.72bn in H1 2024, to ₦47.57bn in H1 2025.
Transcorp Hotels’ profit in H1 2025, grew gross profit by 71% to ₦36.21bn, from ₦21.19bn of the preceding year.
The growth, according to the company, translated to an improvement in H1 2025 gross profit margin, increasing to 76%, despite the challenging macroeconomic environment marked by rising inflation and increased operating costs.
Chairman Transcorp Hotels Plc, Emmanuel Nnorom, commenting on Transcorp Hotels’ said the performance in the first half of 2025 further validates its transformative strategies, with a focus on innovation and operational efficiency.
“It affirms our steadfast dedication to delivering investor returns and signals our profound confidence in Transcorp Hotels’ future growth. Moving forward, we are confident in our ability to consistently raise the bar for the industry, fulfilling our mission to redefine hospitality in Africa”, he said.
The MD/CEO Transcorp Hotels Plc, Uzo Oshogwe, comments, “Our exceptional H1 2025 performance reflects our relentless execution of a growth-focused agenda.
“These results reflect the resilience of our business model and the dedication of our team. Building on the foundation of our iconic assets, the Transcorp Hilton Abuja and the new 5,000-seat capacity Transcorp Centre, we are not just leading Nigeria’s hospitality sector, but redefining excellence across Africa.
“Our sustained momentum is a reflection of our commitment to innovation, operational efficiency, and value creation for all stakeholders”.
