Q1 2026: Transcorp Hotels declares 9% increase in revenue to N20.64bn

Transcorp Hotels Plc , the hospitality subsidiary of Transnational Corporation Plc has announced its unaudited results for the first quarter ended March 31, 2026, recording performance across key metrics. 

The Company delivered N22.41 billion in revenue, a nine per cent increase from  N20.64 billion in Q1 2025, while Profit Before Tax (PBT) increased by 15per cent to N7.08billion. 

These results reflect Transcorp Hotels’ sustained focus on operational  excellence, cost efficiency, and customer-centric innovation, reinforcing its leadership in Nigeria’s hospitality sector. 

Gross profit margin improved to 77per cent  from 75 per cent in Q1 2025, driven by enhanced operational efficiency and stronger service delivery. 

Cost of sales margin declined to 23% from 25per cent in 2025, reflecting the impact of effective cost optimisation strategies implemented during the period. 

Managing Director/CEO, Transcorp Hotels, Uzoamaka Oshogwe commented: “Our Q1 2026 performance underscores the strength of a strategy anchored on discipline, operational efficiency, and consistent value creation. 

“The 15per cent growth in Profit Before Tax, alongside the improvement in gross profit margin to 77per cent, reflects the resilience of our fundamentals and the deliberate execution of our growth agenda. 

“Transcorp Hotels is not only growing; we are setting new benchmarks for world-class hospitality in Africa and remain committed to continuously elevating that standard.” 

Chief Finance Officer, Transcorp Hotels, Oluwatobiloba Ojediran, added: “These results reflect a clear and compelling story of a team deeply committed to operational efficiency and cost management without compromising our service standard.  

“In Q1 2026, we achieved revenue of N22.41 billion, a nine percent growth from the N20.64 billion in Q1 2025, while effectively reducing our cost of sales margin 25per cent in Q1 2025 to 23per cent in Q1 2026. This demonstrates the impact of disciplined execution across all areas of the business.”