Transcorp Hotels Reports ₦22.5bn Profit in Q3 2026

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, announced its unaudited financial results for the third quarter ended September 30, 2026. The company reported a profit before tax of ₦22.5 billion, a 1% increase from ₦22.4 billion in Q3 2025.

Profit after tax grew by 5% to ₦15.5 billion, compared to ₦14.8 billion the previous year. Revenue declined by 3% to ₦69.5 billion from ₦71.3 billion.

Administrative expenses decreased by 2% to ₦29.3 billion, while net finance costs fell by 35% to ₦1.5 billion. Total assets increased by 29% to ₦206.8 billion, and shareholders’ funds rose to ₦97.5 billion.

Uzoamaka Oshogwe, Managing Director and CEO, stated that the results reflect the company's ability to maintain profitability despite revenue decline. Chief Finance Officer Oluwatobiloba Ojediran noted improved earnings quality due to lower finance costs and controlled expenses, emphasizing a prudent capital structure for future growth.