Tourist Company of Nigeria Reports N3.4bn Profit in 2025

Tourist Company of Nigeria Plc returned to profitability in the 2025 financial year, posting a profit after tax of N3.4 billion, compared to a loss of N31.2 billion in 2024. This turnaround was largely attributed to a reversal in foreign exchange losses, with the company recording a forex gain of N3.93 billion in 2025, contrasting with a loss of N28.7 billion the previous year.

Revenue increased by 35 percent year on year to N7.68 billion from N5.69 billion, despite rising operating expenses that reached N8.14 billion. The company experienced an operating loss of N464 million in 2025, an improvement from the N2.11 billion loss in 2024.

Marie Gbadebo, chair of the board, described 2025 as a turning point, emphasizing the company's strategic positioning for long-term growth. The company's total liabilities decreased to N70 billion from N73 billion, and its accumulated deficit narrowed to N14 billion from N18 billion in the previous year.