Transcorp Hotels Plc (NGX: TRANSCOHOT), the hospitality subsidiary of Transnational Corporation Plc (“Transcorp Group”), has introduced its unaudited monetary outcomes for the third quarter ended September 30, 2026.
The Company recorded Profit Before Tax (PBT) of ₦22.5 billion, up 1% from ₦22.4 billion within the corresponding interval of 2025, whereas Profit After Tax (PAT) grew 5% to ₦15.5 billion, up from ₦14.8 billion within the earlier 12 months.
Key Highlights
- Revenue stood at ₦69.5 billion, in contrast to ₦71.3 billion within the corresponding interval of 2025, representing a 3% year-on-year
decline. - Profit Before Tax elevated to ₦22.5 billion from ₦22.4 billion, representing a 1% year-on-year development.
- Profit After Tax rose by 5% to ₦15.5 billion, in contrast to ₦14.8 billion within the corresponding interval final 12 months.
- Administrative Expenses moderated by 2% to ₦29.3 billion from ₦29.9 billion, reflecting continued value optimisation.
- Net Finance Cost lowered considerably by 35% to ₦1.5 billion from ₦2.3 billion, demonstrating improved monetary effectivity.
- Total Assets rose by 29% to ₦206.8 billion from ₦159.9 billion as of December 2025, whereas shareholders’ funds grew to ₦97.5 billion.
The outcomes show Transcorp Hotels’ potential to maintain profitability and strengthen its monetary place by disciplined execution, efficient useful resource administration, and a continued dedication to delivering distinctive hospitality experiences.
Management Commentary
Managing Director/CEO, Transcorp Hotels Plc, Uzoamaka Oshogwe, commented:
“Our Q3 efficiency demonstrates the energy of our earnings self-discipline. Despite a 3% year-on-year decline in income, we grew profit after tax by 5% and expanded our internet profit margin to 22.3%. We are changing income into stronger income, defending margins, and constructing a extra resilient enterprise.
We are deploying capital decisively to the best potential alternatives throughout our hospitality, occasions and way of life portfolio, with each funding held to clear monetary and return benchmarks. As we shut the 12 months, our priorities stay clear: maintain margin development, deepen visitor and consumer engagement, and place the enterprise to maximise returns as demand strengthens. We stay targeted on worthwhile development, disciplined execution, and long-term worth creation.”
Chief Finance Officer, Transcorp Hotels Plc, Oluwatobiloba Ojediran, added:
“The quality of our earnings improved in the period. Net finance cost eased by 35% to ₦1.5 billion, representing about 2% of revenue, compared with more than 3% a year ago, while administrative expenses were held below prior-year levels. Our total assets have grown by 29% to ₦206.8 billion, and shareholders’ funds stand at ₦97.5 billion. As the balance sheet scales, we are actively managing our liabilities and funding costs, keeping our capital structure prudent, and making sure that future growth is backed by sustainable sources of capital and clear return thresholds.” Transcorp Hotels continues to improve its portfolio of hospitality and way of life choices, with Transcorp Hilton Abuja remaining a number one vacation spot for enterprise and leisure travellers, whereas Transcorp Centre, the Company’s 5,000-seat capability occasion and convention venue, continues to strengthen Abuja’s place as a vacation spot for main company, cultural and social occasions.
About Transcorp Hotels Plc
Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation Plc, one in all Africa’s main listed corporations with strategic investments within the energy, hospitality, and power sectors. Transcorp Hotels is redefining hospitality requirements in Africa by its companies, together with the enduring Transcorp Hilton Abuja, and the not too long ago launched 5,000-seat capability Transcorp Centre.
