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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (16 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Transcorp Hotels

TRANSCOHOT · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Transcorp Hotels Plc
Listing
TRANSCOHOT on the Nigerian Exchange, active · ISIN NGTRANSHOTL1 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2024 · audited financial statements, signed / final · source

Read with these figures

  • Auditor's emphasis of matter. No emphasis of matter or going-concern paragraph; 'We have determined that there are no key audit matters to be communicated in our audit report' (PDF p25).
Full wording and sources

  • Auditor's emphasis of matter

    No emphasis of matter or going-concern paragraph; 'We have determined that there are no key audit matters to be communicated in our audit report' (PDF p25).

    Source: Transcorp Hotels Plc Consolidated and Separate Financial Statements for the year ended 31 December 2024 (dated 2025-02-26)

  • Revenue

    NGN 70.1 billion

    70,134,425 NGN thousands · p30

    +69.2% vs 2023

  • Operating profit / (loss)

    NGN 26.0 billion

    26,029,153 NGN thousands · p30

    +98.0% vs 2023

  • Profit / (loss) for the year

    NGN 14.9 billion

    14,895,861 NGN thousands · p30

    +144.5% vs 2023

  • Total assets

    NGN 141 billion

    140,696,212 NGN thousands · p31

    +11.6% vs 2023

  • Total equity

    NGN 80.5 billion

    80,519,149 NGN thousands · p31

    +20.5% vs 2023

  • Cash from operations

    NGN 20.0 billion

    20,002,512 NGN thousands · p33

    +41.2% vs 2023

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2024 — audited financial statements, signed / final; reported for the year · source
  • FY2023 — audited financial statements, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, NGN thousands. Columns: FY2024 — audited financial statements (signed / final), as reported for the year; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2024Audited financial statementsreported for the yearFY2023Audited financial statementscomparative in FY2024 filing
Revenue 70,134,425 41,455,877
Cost of sales (20,414,882) (11,670,493)
Gross profit 49,719,543 29,785,384
Other operating income 5,413,229 1,605,855
Impairment (losses)/gains on financial assets (69,174) 21,862
Impairment losses on non-current assets1 –2 (1,011,644)
Operating expenses (29,034,445) (17,257,256)
Operating profit 26,029,153 13,144,201
Finance costs (4,011,065) (3,904,012)
Finance income 594,546 241,864
Profit before tax 22,612,634 9,482,053
Income tax (7,716,773) (3,228,087)
Profit for the year from continuing operations3 14,895,861 6,253,966
Loss on discontinued operations4 –5 (160,854)
Profit for the year 14,895,861 6,093,112
Non-controlling interests*6 (47,930) (62,873)
Actuarial gains and (losses) arising from changes in Discount Rate Assumption7 64,323 28,033
Actuarial gains and (losses) arising from changes in Exchange Rate Assumption8 (191,220) (81,823)
Actuarial gains and (losses) arising from experience adjustments9 (68,615) (2,702)
Cost of benefit improvement10 (26,620) –11
Tax credit on actuarial gains/losses12 73,303 18,642
Total other comprehensive income for the year (148,829) (37,850)
Total comprehensive income for the year 14,747,032 6,055,262
  1. Printed “-”, read as nil: subtotal_arithmetic: is.operating_profit.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.profit_for_year.
  3. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (9)
  1. “Impairment losses on non-current assets” is an issuer-specific line, not mapped to a shared definition: Note 13.
  2. “Profit for the year from continuing operations” is an issuer-specific line, not mapped to a shared definition: Before the discontinued-operations line.
  3. “Loss on discontinued operations” is an issuer-specific line, not mapped to a shared definition: Note 29.
  4. “Non-controlling interests*” is an issuer-specific line, not mapped to a shared definition: Printed under 'Profit for the year attributable to:'.
  5. “Actuarial gains and (losses) arising from changes in Discount Rate Assumption” is an issuer-specific line, not mapped to a shared definition: OCI (note 39).
  6. “Actuarial gains and (losses) arising from changes in Exchange Rate Assumption” is an issuer-specific line, not mapped to a shared definition: OCI (note 39).
  7. “Actuarial gains and (losses) arising from experience adjustments” is an issuer-specific line, not mapped to a shared definition: OCI (note 39).
  8. “Cost of benefit improvement” is an issuer-specific line, not mapped to a shared definition: OCI (note 39).
  9. “Tax credit on actuarial gains/losses” is an issuer-specific line, not mapped to a shared definition: OCI tax.

Balance sheet

Balance sheet, NGN thousands. Columns: FY2024 — audited financial statements (signed / final), as reported for the year; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2024Audited financial statementsreported for the yearFY2023Audited financial statementscomparative in FY2024 filing
Property, plant and equipment 117,788,450 107,814,320
Investment property –1 –1
Intangible assets 157,765 139,601
Investment in subsidiaries2 –1 –1
Other investment3 2,305,075 300,075
Long term receivables4 1,856,250 –1
Non-current assets (unlabelled subtotal) 122,107,540 108,253,996
Inventories 790,351 645,564
Trade and other receivables 7,414,104 4,312,727
Prepayments5 1,788,621 1,005,188
Cash and bank balances 8,595,596 8,978,578
Current assets before assets held for sale (unlabelled subtotal)6 18,588,672 14,942,057
Assets classified as held for sale7 –8 2,898,863
Current assets (unlabelled total) 18,588,672 17,840,920
Total assets 140,696,212 126,094,916
Share capital 5,121,264 5,121,264
Share premium 12,548,859 12,548,859
Other reserves (186,679) (37,850)
Retained earnings 63,234,028 49,314,490
Equity attributable to Owners of the Company 80,717,472 66,946,763
Non-controlling interests (198,323) (150,393)
Total equity 80,519,149 66,796,370
Borrowings 8,744,873 13,589,678
Deferred income9 650,778 1,100,082
Contract liabilities10 1,833,905 1,986,730
Deposit for shares11 2,410,000 2,410,000
Defined benefit liability12 420,815 211,836
Deferred tax liability 12,361,948 7,689,046
Non-current liabilities (unlabelled subtotal) 26,422,319 26,987,372
Trade and other payables 22,499,150 22,530,829
Current tax liabilities 3,067,783 1,543,851
Contract liabilities 357,709 296,375
Borrowings 7,340,166 7,065,025
Deferred income9 444,000 444,000
Defined benefit liability12 45,936 32,231
Current liabilities before liabilities held for sale (unlabelled subtotal)13 33,754,744 31,912,311
Liabilities directly associated with assets classified as held for sale14 –15 398,863
Current liabilities (unlabelled total) 33,754,744 32,311,174
Total liabilities 60,177,063 59,298,546
Total equity and liabilities 140,696,212 126,094,916
Bank overdrafts (Note 35)16 (1,580,428) (1,748,926)
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.non_current_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.current_assets.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.current_liabilities.
Notes and alternative reported figures (13)
  1. “Investment in subsidiaries” is an issuer-specific line, not mapped to a shared definition: Note 8; '-' in the group columns.
  2. “Other investment” is an issuer-specific line, not mapped to a shared definition: Note 23 (non-current).
  3. “Long term receivables” is an issuer-specific line, not mapped to a shared definition: Note 25 (non-current).
  4. “Prepayments” is an issuer-specific line, not mapped to a shared definition: Note 26 (current).
  5. “Current assets before assets held for sale (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal.
  6. “Assets classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Note 29.
  7. “Deferred income” is an issuer-specific line, not mapped to a shared definition: Note 36.
  8. “Contract liabilities” is an issuer-specific line, not mapped to a shared definition: Note 37.
  9. “Deposit for shares” is an issuer-specific line, not mapped to a shared definition: Note 38.
  10. “Defined benefit liability” is an issuer-specific line, not mapped to a shared definition: Note 39.
  11. “Current liabilities before liabilities held for sale (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Unlabelled subtotal.
  12. “Liabilities directly associated with assets classified as held for sale” is an issuer-specific line, not mapped to a shared definition: Note 29.
  13. “Bank overdrafts (Note 35)” is an issuer-specific line, not mapped to a shared definition: Note 27 (p103): bank overdrafts (note 35) deducted from cash and bank balances to give cash and cash equivalents for the cash-flow statement.

Cash flow

Cash flow, NGN thousands. Columns: FY2024 — audited financial statements (signed / final), as reported for the year; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2024Audited financial statementsreported for the yearFY2023Audited financial statementscomparative in FY2024 filing
Cash generated from operations 21,449,147 14,752,706
Income taxes paid (1,446,635) (589,504)
Net cash from operating activities 20,002,512 14,163,202
Proceeds on disposal of subsidiary1 418,750 –2
Interest received 17,359 162,477
Equity shares acquired3 (2,005,000) –2
Proceeds from sale of property, plant and equipment 29,877 40,874
Purchase of property, plant and equipment (12,227,879) (3,700,123)
Purchase of intangible asset (60,567) (35,300)
Net cash used in investing activities (13,827,460) (3,532,072)
Proceeds from borrowings 3,405,268 –4
Repayment of borrowings (8,101,245) (3,562,625)
Interest paid5 (2,503,573) (2,682,831)
Dividends paid (3,072,759) (1,331,529)
Net cash used in financing activities (10,272,309) (7,576,985)
Net (decrease)/increase in cash and cash equivalents (4,097,257) 3,054,145
Cash and cash equivalents at beginning of year 7,229,652 3,258,117
Effect of foreign exchange rate changes 3,882,773 917,390
Cash and cash equivalents at end of year 7,015,168 7,229,652
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (3)
  1. “Proceeds on disposal of subsidiary” is an issuer-specific line, not mapped to a shared definition: Investing.
  2. “Equity shares acquired” is an issuer-specific line, not mapped to a shared definition: Investing (note 23).
  3. “Interest paid”: mapping to a shared definition is uncertain. Interest paid as printed (note 35).

Per share and shares

Per share and shares. Columns: FY2024 — audited financial statements (signed / final), as reported for the year; FY2023 — audited financial statements (signed / final), comparative reported in the audited financial statements for 2024.
Line (as printed) FY2024Audited financial statementsreported for the yearFY2023Audited financial statementscomparative in FY2024 filing
Earnings / (loss) per share (per share)3 1.461 0.602
Profit / (loss) attributable to shareholders (NGN thousands)4 14,943,791 6,155,985
  1. Printed as 146 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 60 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic earnings per share (kobo)”.
  2. Profit / (loss) attributable to shareholders: printed as “Owners of the Company”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (3,072,759) NGN thousands Audited financial statements, p33
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (1,331,529) NGN thousands Audited financial statements, p33

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Transcorp Hotels Plc Consolidated and Separate Financial Statements for the year ended 31 December 2024

    Year ended 31 December 2024 · Audited financial statements · signed / final

    Audit: Deloitte & Touche, Lagos, unmodified opinion · signed

    Auditor's sign-off: Ngozika Emeka-Eze, FCA, for Deloitte & Touche

    Final status: Independent auditor's report (Deloitte & Touche) closes on a scanned page with a handwritten signature above 'Ngozika Emeka-Eze, FCA - FRC/2013/PRO/ICAN/004/00000001817, For: Deloitte & Touche (FRC/2022/Coy/091021), Chartered Accountants, Lagos, Nigeria, 26 February 2025' and the ICAN seal (PDF p27, page image). The statements were approved by the Board on 24 February 2025 and signed by the Chairman, the Chief Finance Officer and the Managing Director/CEO, signatures visible (PDF p31, page image).

    Document date
    26 Feb 2025
    Published
    26 Feb 2025
    Auditor's report
    26 Feb 2025
    Board approval
    24 Feb 2025
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024, FY2023
    Basis
    consolidated statements · NGN thousands (printed “N'000”)
    • Cash and cash equivalents in the cash-flow statement (7,015,168; 2023: 7,229,652) are net of bank overdrafts ((1,580,428); 2023: (1,748,926), note 27, p103) carried in current borrowings; the overdraft is transcribed as a native line and declared in cash_definition. Non-current assets, current assets, non-current and current liabilities totals are unlabelled, each current total printed before and after the held-for-sale line (p31).
    • The 2023 profit attributable to non-controlling interests is not transcribed: the text layer prints a stray backtick between the cells (p30).
    Technical details
    File
    126 pages, with a text layer
    SHA-256
    a7a005c4e6fe4465580cc1f5c28d4e7276419cc911a13679cb3ddf8dad9d6b83
    Entity as printed
    Transcorp Hotels Plc and its subsidiaries (the Group and Company)
    Exchange copy
    retrieved 2026-10-08T18:04:20Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (matched to the document's text) (16 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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