Shareholders of Transcorp Hotels Plc formally agreed on Thursday to a N13 billion dividend for the 2025 financial year, which equates to N1.30 kobo per share.
Investors expressed satisfaction with the company's consistent financial performance improvement over recent years.
Dr. Awele Elumelu, the Chairman of Transcorp Hotels Plc, highlighted that 2025 was a strong year, with revenues climbing by 38% to N97 billion, an increase from N70 billion in the previous year. She attributed this growth to enhanced service standards and strong demand for the company's food and beverage services, coupled with a persistent focus on service excellence which fostered customer loyalty.
Elumelu further noted that the company managed to maintain robust profitability despite inflationary pressures. Profit After Tax (PAT) reached N32.8 billion, marking a 45% year-on-year rise, a testament to both strong revenue generation and efficient operational management.
Looking ahead to 2026, Elumelu confirmed the company's commitment to developing a new flagship 5-star hotel in Ikoyi, Lagos, which is anticipated to redefine luxury accommodation and guest experiences in the city.
She acknowledged potential challenges from global geopolitical tensions and economic uncertainties but expressed optimism about the long-term prospects of the hospitality sector.
Uzoamaka Oshogwe, the Managing Director/Chief Executive Officer of Transcorp Hotels, detailed the company's strategic initiatives, including exploring cost-effective power solutions through a partnership with Transcorp Power and optimizing revenue streams for 2026.
Oshogwe explained the implementation of a dual gas burner system for boilers, significantly reducing operational costs and environmental impact. The company is also investigating renewable energy sources with Transcorp Energy to enhance sustainability and adhere to Environmental, Social, and Governance (ESG) principles.
For 2026, Oshogwe outlined three primary focus areas: relentless revenue growth through investments in projects with strong capital appreciation, achieving operational excellence via investments in personnel and technology, and maintaining brand relevance by reinforcing what the brand represents and its commitment to sustainable practices.
She concluded that these strategic pillars are crucial for sustaining and amplifying revenue growth throughout the year.
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