In a historic milestone for Transcorp Hotels Plc, Dr. Awele Elumelu proudly chaired her first Annual General Meeting as the company’s first female Chairperson, marking a significant moment in the company’s journey toward inclusive leadership and strategic growth.
The landmark AGM was not only symbolic in its leadership significance but also reflective of a year defined by strong financial performance and disciplined corporate execution. Under the stewardship of Managing Director and Chief Executive Officer, Uzoamaka Oshogwe, the company delivered impressive year on year growth across key performance metrics, reinforcing its position as one of Nigeria’s leading hospitality brands.
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Revenue surged by 38 percent, rising from ₦70 billion to ₦97 billion, demonstrating resilience in a dynamic operating environment and the strength of the company’s strategic positioning. Profit Before Tax recorded a remarkable 45 percent increase, climbing from ₦22.6 billion to ₦32.8 billion, an outcome driven by operational efficiency, cost discipline and sustained demand across its hospitality offerings.
Shareholders were equally rewarded, as dividend payout rose by 76 percent year on year to ₦1.30 per share, underscoring the company’s unwavering commitment to delivering sustainable shareholder value while maintaining a strong balance sheet.
Dr. Elumelu commended the management team for what she described as a performance anchored in strategic clarity and operational excellence. She highlighted the distinctive strength of a woman led management team whose leadership continues to shape the company’s growth trajectory and corporate culture. The results, she noted, represent more than financial progress. They reflect a cohesive vision, disciplined execution and an enduring commitment to excellence.
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As the company celebrates these achievements, its leadership remains focused on the future. With a clear growth strategy, robust governance framework and emphasis on innovation and customer experience, Transcorp Hotels is poised to consolidate its market leadership while contributing meaningfully to Nigeria’s hospitality and tourism ecosystem.
The AGM closed with a reaffirmation of purpose, sustained performance, inclusive leadership and continued value creation for shareholders and stakeholders alike.
