Transcorp Hotels Plc has proposed a final dividend of N1.20 per ordinary share for the financial year ending December 31, 2025, which when combined with the interim dividend of 10 kobo paid in August 2025, will make the total dividend for the year N1.30 per share.
The hospitality group said the final dividend is subject to shareholder approval at the upcoming annual general meeting and will be paid to investors whose names appear in the company's register of members by February 13, 2026.
According to the corporate action notice issued by the company, the register of shareholders will remain closed from February 16 to February 20, 2026, to determine eligibility for dividend payment.
“Eligible shareholders who have completed e-dividend registration are expected to receive their dividends electronically on February 27, 2026,” it said.
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In its 2025 year-end unaudited financial statements released on Friday, Transcorp Hotels Plc recorded a 38 per cent year-on-year increase in revenue to N97.04 billion, taking the company closer to the ₦100 billion mark, as gross profit increased by about 49 per cent.
The hospitality subsidiary of Transnational Corporation Plc (NGX: TRANSCOHOT), with a market capitalization of about N1.75 trillion, said the strong performance was driven by strong demand for room booking, conferencing, food and beverage services and other ancillary offerings.
Supported by higher volumes, effective cost management and operational efficiency, gross profit margin improved from 71 per cent to 77 per cent in 2024. Operating profit increased by 35 per cent to N35.24 billion from N26.03 billion, while profit before tax increased by 45 per cent to N32.82 billion from N22.61 billion.
Profit after tax increased by 47 per cent to N21.85 billion compared to N14.90 billion last year, while basic and diluted earnings per share improved to N2.14 from N1.46.
The company also reported a strong balance-sheet position, with total assets increasing by 14 per cent to N159.91 billion in FY2024 from N140.70 billion, reflecting continued investment in physical facilities to support future growth.
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Total equity increased by 18 per cent to N95.23 billion from N80.52 billion, based on solid operating performance and reinvestment to enhance shareholder value.
Commenting on the results, Chairman of the Board of Transcorp Hotels Plc, Ewele V. Elumelu, OFR, said the company has continued to strengthen its foundation under the leadership of Managing Director/CEO Uzomaka Osogwe.
“I am pleased with the FY2025 performance of Transcorp Hotels Plc. We have continued to strengthen the foundations of our company, with our growing asset base and equity increasing by 14 per cent and 18 per cent respectively, positioning us for the future,” Elumelu said.
He said the company will focus on driving operational excellence and business growth while exploring new avenues for sustainable long-term value creation.
Oshogwe said the results marked a major milestone for the company, noting that retained earnings also increased sharply from N63.23 billion in FY2024 to about N77.53 billion in FY2025, further strengthening financial resilience.
“Our full year 2025 performance represents a major milestone with record revenues of N97.04 billion,” he said. “Our success is the result of disciplined operational efficiency, strong cost management and, most importantly, our exceptional team's commitment to service excellence.”
He said the company will continue to invest in transformational infrastructure, including the 5,000-seat Transcorp Centre, to position Nigeria as a leading global event venue for high-profile events such as the Afreximbank annual meetings and the ECOWAS summit.
Looking ahead, Transcorp Hotels said it will continue to leverage innovation and technology to strengthen its brand and redefine hospitality standards across Africa.
