Transcorp Hotels Shareholders Approve N13bn Dividend as 2025 Profit Jumps 45%

Shareholders of Transcorp Hotels Plc have approved a N13 billion dividend payout for the 2025 financial year, translating to N1.30 per share, as the company reported stronger earnings and outlined expansion and efficiency plans for 2026.

At the company's latest meeting, investors commended management for sustained performance, with Chairman, Dr. Awele Elumelu, describing 2025 as a strong year despite a difficult operating climate. She said revenue rose by 38 per cent to N97 billion from N70 billion in the previous year, driven by higher service standards, robust food and beverage demand, and improved repeat business.

According to her, profitability remained solid even amid inflationary pressure. Profit After Tax climbed to N32.8 billion, representing a 45 per cent year-on-year increase, which she said reflected both top-line resilience and better operating efficiency.

Elumelu also reaffirmed the group's focus on delivering Transcorp Hotel, Ikoyi in Lagos, describing it as a flagship five-star development expected to reshape premium hospitality and high-end guest experience in the city.

She noted that global geopolitical tensions and macroeconomic uncertainty could still create headwinds in 2026, but maintained that the long-term outlook for hospitality remains positive.

Managing Director and Chief Executive Officer, Uzoamaka Oshogwe, said the company is deepening cost and sustainability initiatives, including collaboration with Transcorp Power and other energy partners to lower electricity expenses.

She said one major project rolled out toward the end of last year was a dual gas burner system used to generate power for boilers across the hotel's 667 rooms. Oshogwe said the move is reducing cost pressure while also improving environmental performance, and added that the company is evaluating renewable solutions through Transcorp Energy to strengthen its ESG profile.

For 2026, Oshogwe identified three operational priorities. First, she said management will pursue aggressive revenue growth by directing limited capital to projects with strong appreciation potential and measurable multiplier effects on earnings. Second, she said the company will push operational excellence by investing in people and technology. Third, she said Transcorp Hotels will continue to strengthen brand relevance so customers clearly associate the brand with quality, consistency, and sustainable operations.

She said these pillars are designed to help the business sustain and multiply growth in a competitive market while maintaining service quality and long-term value for shareholders.