Transcorp Hotels Reports N13.7bn Profit for H1 2026

Transcorp Hotels Plc announced a 12% increase in profit before tax (PBT) to N13.7 billion for the first half of 2026, as per its unaudited financial results for the period ending June 30, 2026. This growth occurred despite a revenue decline to N44.4 billion from N46.9 billion in the same period of 2025, attributed to softer market demand in its international business segment.

Profit after tax (PAT) saw a significant rise of 21%, reaching N10.5 billion, up from N8.7 billion in H1 2025. Managing Director/CEO Mrs.

Uzoamaka Oshogwe stated that the results reflect the company's resilience and disciplined execution of its growth strategy in a challenging environment. Chief Finance Officer Mr.

Oluwatobiloba Ojediran credited the strong performance to disciplined financial management and operational execution. The company emphasized its commitment to strengthening market leadership and delivering long-term value for shareholders while maintaining operational excellence and customer-centric innovation.