Capital Hotel Plc, owners of the Abuja Continental Hotel, closed the 2025 financial year with a 59 per cent year-on-year increase in revenue and a 32 per cent rise in profit after tax.
The company, in a statement, attributed the performance to steady demand at its flagship property, the Abuja Continental Hotel, despite prevailing economic headwinds in the broader operating environment.
The Director and Acting Chairman, Alhaji Abdulkadir Aminu, disclosed this at the company’s 45th Annual General Meeting, stating that the results reflect the resilience of premium hospitality demand in Nigeria’s capital.
Shareholders at the AGM commended the board and management for the performance and for ongoing refurbishment and modernisation works at key hotel facilities aimed at improving guest experience and aligning with international hospitality standards.
Aminu acknowledged shareholders’ support for the company’s ongoing rebuilding efforts targeted at enhancing the value of its prime asset, the Abuja Continental Hotel.
He noted that 2025 was marked by significant economic adjustments, including inflation, currency volatility, and rising energy and operating costs.
“Changing travel patterns and increased competition in the high-end segment added further pressure. However, sustained demand for quality accommodation, conferencing, and events in Abuja provided a solid foundation for the company’s growth,” he said.
According to him, the strong performance coincided with the rollout of a board-approved capital investment programme aimed at modernising the Abuja Continental Hotel.
Aminu noted that the ongoing refurbishments and infrastructure upgrades are focused on maintaining international standards, improving guest experience, and safeguarding the hotel’s position in the premium market.
“These investments are part of a long-term strategy to protect and grow the value of our flagship asset, not short-term fixes,” he stated.
He added that strict cost management, combined with targeted capital deployment, helped the company improve profitability without compromising service quality.
Looking ahead, he expressed confidence in the company’s outlook, citing Abuja’s continued role as Nigeria’s administrative and diplomatic hub.
Capital Hotel Plc said it will prioritise completing key phases of its refurbishment programme, improving operational efficiency, and strengthening service delivery across its business lines to deliver sustainable value to shareholders.
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