Transcorp Hotels Approves N13bn Dividend for 2025
Shareholders of Transcorp Hotels PLC approved a N13 billion dividend for the 2025 financial year, equating to N1.30 per share. The chairman, Dr. Awele Elumelu, highlighted a 38% revenue increase to N97 billion compared to N70 billion in the previous year, driven by enhanced service standards and a focus on customer satisfaction.
The profit after tax rose to N32.8 billion, marking a 45% year-on-year growth. Looking ahead to 2026, the company plans to develop new hotel properties, including the flagship 5-star Transcorp Hotel Ikoyi in Lagos.
Uzoamaka Oshogwe, the Managing Director and Chief Executive Officer, discussed strategies for revenue optimization, including a dual gas burner system for energy efficiency and a focus on renewable energy solutions. The company aims to sustain revenue growth through investments in technology and operational excellence while maintaining brand relevance.
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