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, reporting a revenue earlier than tax (PBT) of ₦22.5 billion, up 1 per cent from ₦22.4 billion recorded within the corresponding interval of 2025.
Profit after tax (PAT) grew by 5 per cent to ₦15.5 billion, in contrast with ₦14.8 billion within the earlier yr.
Revenue stood at ₦69.5 billion, representing a 3 per cent year-on-year decline from ₦71.3 billion recorded within the corresponding interval of 2025.
Administrative bills fell by 2 per cent to ₦29.3 billion from ₦29.9 billion, reflecting continued value optimisation, whereas web finance value declined by 35 per cent to ₦1.5 billion from ₦2.3 billion.
Total property rose by 29 per cent to ₦206.8 billion from ₦159.9 billion as of December 2025, whereas shareholders’ funds grew to ₦97.5 billion.
The firm stated the outcomes mirrored its means to maintain profitability and strengthen its monetary place via disciplined execution, efficient useful resource administration and a continued dedication to delivering hospitality companies.
Managing Director and Chief Executive Officer of Transcorp Hotels Plc, Uzoamaka Oshogwe, stated the third-quarter efficiency demonstrated the corporate’s earnings self-discipline, noting that it grew revenue after tax by 5 per cent regardless of a 3 per cent decline in income.
“Despite a 3% year-on-year decline in revenue, we grew profit after tax by 5% and expanded our net profit margin to 22.3%. We are converting revenue into stronger profits, protecting margins, and building a more resilient business,” she stated.
Oshogwe stated the corporate was directing capital in direction of alternatives throughout its hospitality, occasions and way of life companies, with investments assessed in opposition to monetary and return benchmarks.
“As we close the year, our priorities remain clear: sustain margin growth, deepen guest and client engagement, and position the business to maximise returns as demand strengthens. We remain focused on profitable growth, disciplined execution, and long-term value creation,” she added.
The Chief Finance Officer of Transcorp Hotels Plc, Oluwatobiloba Ojediran, stated the standard of the corporate’s earnings improved through the interval, supported by decrease finance prices and managed administrative bills.
He stated web finance value declined by 35 per cent to ₦1.5 billion, representing about 2 per cent of income, in contrast with greater than 3 per cent a yr earlier, whereas administrative bills remained under the earlier yr’s stage.
Ojediran added that the expansion in whole property to ₦206.8 billion and shareholders’ funds of ₦97.5 billion mirrored the corporate’s increasing steadiness sheet.
He stated the corporate was managing its liabilities and funding prices whereas sustaining a prudent capital construction to be certain that future progress was supported by sustainable financing and clear investment-return thresholds.
Transcorp Hotels stated it continued to strengthen its hospitality and way of life portfolio, with Transcorp Hilton Abuja serving enterprise and leisure travellers.
Transcorp Centre, the corporate’s 5,000-seat occasion and convention venue, additionally continues to assist Abuja’s place as a vacation spot for main company, cultural and social occasions.
