The Nigerian Investor

episode artwork

Mudi

19 April 2025

13m 19s

How Transcorp Hotels Grew Profits in 2024 Despite Rising Costs

00:00

13:19

In this episode of The Nigerian Investor, Mudi and Aye break down Transcorp Hotels’ impressive 2024 audited financials. From a 69% revenue growth to a near 100% jump in operating profit, the numbers tell a strong story of performance. We also explore changes in equity, balance sheet strength, debt repayment strategy, and cash flow health. Whether you’re a current investor or just curious about one of Nigeria’s top hospitality firms, this episode gives you a full picture of what’s under the hood.


Key highlights:

• Revenue jumps from ₦41.5bn to ₦70.1bn

• Operating profit almost doubles

• Net profit more than doubles to ₦14.9bn

• Equity grows from ₦66.8bn to ₦80.5bn

• Positive operating cash flow and strategic investments


📊 It’s financial reporting season — don’t miss this deep dive.