Shareholders of Transcorp Hotels Plc have approved a dividend payout of N13.3 billion for the 2025 financial year, translating to N1.30 per share, at the company’s 12th Annual General Meeting (AGM) held in Abuja.

The approved dividend, described as the highest in over a decade, comprises an interim dividend of N0.10 and a final dividend of N1.20 per share. The payout surpasses the N1.00 final dividend declared in the previous year, reflecting improved earnings and sustained financial performance.

Shareholders at the meeting commended the board and management for maintaining steady growth despite economic headwinds.

Revenue Growth and Profit Surge

Chairman of the company, Awele Elumelu, said the 2025 financial year marked a strong performance period for the hospitality firm.

According to her, revenue rose by 38 per cent to N97 billion, up from N70 billion recorded in the preceding year. She attributed the growth to enhanced service standards, increased demand for food and beverage offerings, and a sustained focus on service excellence that encouraged repeat patronage.

Despite inflationary pressures and macroeconomic challenges, the company reported a significant improvement in profitability. Profit After Tax (PAT) increased by N32.8 billion, representing a 45 per cent year-on-year growth.

Elumelu said the performance signals not only revenue strength but also improved operational efficiency and disciplined cost management.

2026 Expansion Strategy

Looking ahead, the chairman disclosed that the company remains focused on expanding its footprint, particularly through the development of a new five-star hotel in Lagos — Transcorp Hotels, Ikoyi.

The planned flagship property, she said, is expected to redefine high-end accommodation and premium guest experiences in Nigeria’s commercial capital.

While acknowledging potential risks arising from geopolitical tensions and macroeconomic uncertainties, Elumelu expressed optimism about the long-term prospects of Nigeria’s hospitality sector.

“The fundamentals of the industry remain strong, and we are positioning the company to take advantage of emerging opportunities,” she said.

Energy Cost Optimisation and ESG Focus

Managing Director and Chief Executive Officer, Uzoamaka Oshogwe, highlighted ongoing efforts to optimise operational costs, particularly energy expenses.

She revealed that the company is collaborating with Transcorp Power to explore more affordable energy solutions. One of the major initiatives introduced toward the end of 2025 was a dual gas burner system powering boilers across the 667 rooms at the Transcorp Hilton.

According to Oshogwe, the system significantly reduces energy costs and offers environmental benefits by lowering emissions compared to conventional systems.

The company is also working with Transcorp Energy on renewable energy projects as part of its broader Environmental, Social and Governance (ESG) strategy, reinforcing its commitment to sustainability.

Core Priorities for 2026

For the 2026 financial year, Oshogwe outlined three key strategic priorities:

1. Revenue Growth: Channeling limited capital into projects with strong appreciation potential and multiplier effects on earnings.

2. Operational Excellence: Investing in staff training and technology to enhance service delivery and efficiency.

3. Brand Relevance: Strengthening market perception of the Transcorp Hotels brand, particularly in relation to sustainability and premium service standards.

Governance and Board Decisions

During the AGM, shareholders approved the audited financial statements for 2025, alongside the reports of the Directors, Auditors and Audit Committee.

The Board of Directors was authorised to determine the remuneration of external auditors for the 2026 financial year. Directors’ total remuneration for 2026 was fixed at N375 million, effective January 1, 2026.

Elumelu’s appointment as Director was ratified, while Garba Abubakar and Adesimbo Bello-Ukiri were re-elected to the Board after retiring by rotation.

Members re-elected to the Audit Committee include Obot Akaninyene, Eric Akinduro and Erinfolami Gafar, while Bolanle Onagoruwa and Garba Abubakar were re-appointed as Board representatives on the committee.

Shareholder Reactions

Shareholders expressed satisfaction with the dividend payout and the company’s financial trajectory.

Patrick Ajudua, National Chairman of the New Dimension Shareholders Association of Nigeria, praised the dividend declaration and urged management to sustain cost optimisation strategies, particularly as the country approaches the 2027 election cycle.

Similarly, Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, noted that the N1.30 dividend represents nearly 50 per cent of earnings per share, commending the board for prioritising shareholder value.

Another shareholder, Kabir Abdullahi, highlighted the company’s strong share price appreciation — from below N30 to nearly N200 — and expressed optimism about future interim dividends and continued strong performance from related entities within the Transcorp Group.

With robust earnings growth, expansion plans and a renewed focus on sustainability, Transcorp Hotels appears positioned to consolidate its standing in Nigeria’s evolving hospitality industry in 2026 and beyond.

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Transcorp Hotels Plc has announced the appointment of Mrs. Uzo Oshogwe as its new Managing Director/Chief Executive Officer (MD/CEO), effective January 1, 2025.

Mrs. Oshogwe, currently the MD/CEO of Afriland Properties Ltd, brings a wealth of experience to her new role at Transcorp Hotels.

She now succeeds Mrs. Dupe Olusola, who served as the MD/CEO until her recent exit. Recall Dupe Olusola was appointed as the MD/CEO of Transcorp Hotels Plc, effective from March 25, 2020. She was then the Group Head, Marketing at United Bank for Africa Plc

She is also very popular on social media using her page and influence to inspire hundreds thousands of followers.

What we know about Mrs. Oshogwe

Mrs. Oshogwe, currently the MD/CEO of Afriland Properties Ltd, brings a wealth of experience to her new role at Transcorp Hotels.

Her professional journey spans over 30 years, including leadership roles at United Bank for Africa Plc and Accenture UK.

• Mrs. Oshogwe’s academic background includes a Bachelor’s degree in Chemistry from Ambrose Alli University, Edo State, and a Master’s degree in Information Systems Design from the University of Westminster, London.
• She also holds a professional certificate in Real Estate Management from Harvard Business School, USA.
• Her professional qualifications are equally noteworthy. She is a Fellow of the Institute of Management Consultants and a RICS-accredited Civil and Commercial Mediator.
• Additionally, she is an alumna of prestigious executive programs, having completed the Advanced Management Programme (AMP) at Lagos Business School and the Chief Executive Programme at IESE Business School, Spain.

Afriland Properties is one of Nigeria’s leading property management, investment, and development companies, and Mrs. Oshogwe has been at its helm, driving strategic growth and innovation.

The company recently reported a 150% increase in total revenue, reaching a total of N4.72 billion, compared to N1.89 billion in the previous year.

The company’s Profit Before Tax (PBT) also witnessed a substantial surge, standing at N2.41 billion, reflecting a 34% increase from N1.80 billion in the preceding year.

Strategic leadership for the future of Transcorp Hotels

The appointment comes at a time when Transcorp Hotels is looking to deepen its footprint in Nigeria’s hospitality sector. Commenting on Mrs. Oshogwe’s appointment, Mr. Emmanuel N. Nnorom, Chairman of the Board of Directors, expressed confidence in her ability to drive the company’s growth.

“Uzo Oshogwe’s exceptional leadership skills and extensive experience in driving organizational growth make her the right person to continue building on Dupe Olusola’s remarkable achievements at Transcorp Hotels Plc. Her expertise aligns perfectly with our vision to create value and deliver excellence in the hospitality industry,” Mr. Nnorom stated.

Mrs. Oshogwe will step into a legacy shaped by Mrs. Dupe Olusola, whose tenure saw remarkable achievements, including strategic expansions and operational excellence at Transcorp Hotels.

Under Mrs. Oshogwe’s leadership, the company is expected to further strengthen its position as a leading player in Nigeria’s hospitality industry. The company share price also rose 51% this year and was one of the best performing stocks of 2023.

Transcorp Hotels Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), remains one of Nigeria’s most iconic hospitality brands, renowned for its flagship property, Transcorp Hilton Abuja, and its focus on delivering world-class experiences.

Investors and stakeholders will be keenly watching as Mrs. Oshogwe brings her expertise to bear in shaping the next phase of growth and innovation for Transcorp Hotels Plc.

In a swift reaction, the CEO of the Africa International Housing Show, Festus Adebayo, extended his congratulations to her, stating that the new MD has what it takes to elevate the leading hospitality company to new heights. He noted that she is a valued member of the sector who has made significant contributions to its development.

The post Leadership Shakeup: Uzo Oshogwe Appointed MD/CEO of Transcorp Hotels, Succeeding Dupe Olusola appeared first on Housing TV Africa.