NAHCO revenue soars to N65bn in 2025

The Nigerian Aviation Handling Company (NAHCO) Plc audited report and accounts for the year ended December 31, 2025 showed that total revenue rose by 21.8 per cent from N53.54 billion in 2024 to N65.21 billion in 2025.  Gross profit increased from N33.08 billion to N38.61 billion. Operating profit rose by 25 per cent from N19.84 […]

The Nigerian Aviation Handling Company (NAHCO) Plc audited report and accounts for the year ended December 31, 2025 showed that total revenue rose by 21.8 per cent from N53.54 billion in 2024 to N65.21 billion in 2025. 

Gross profit increased from N33.08 billion to N38.61 billion. Operating profit rose by 25 per cent from N19.84 billion in 2024 to N24.84 billion in 2025.

The report also showed that profit before tax jumped by 30 per cent to N24.256 billion in 2025 as against N18.702 billion in 2024.

Profit after tax grew by 39.91 per cent from N12.865 billion in 2024 to N17.999 billion in 2025. Earnings per share rose by 40 per cent from N6.60 in 2024 to N9.24 in 2025.

Besides, the group’s balance sheet also emerged stronger with total assets increasing from N46.95 billion in 2024 to N53.88 billion in 2025. Shareholders’ funds rose by 32 per cent from N20.075 billion to N26.497 billion.

Financial ratios generally indicated that the company’s performance was driven by steady market growth and disciplined cost management, despite the inflationary operating environment.

Operating profit margin improved from 37.06 per cent in 2024 to 38.09 per cent in 2025. Pre-tax profit margin increased from 34.93 per cent to 37.2 per cent. Return on total assets improved by more than five percentage points from 39.83 per cent to 45.02 per cent.

With its strong fundamentals, the Dr Seinde Fadeni-led board of NAHCO has recommended distribution of combined dividend of cash and bonus shares to shareholders of the company, sustaining a tradition that has seen the leading aviation handling and logistics group as one of the highest and most consistent dividend-paying companies in Nigeria.

The board of directors of NAHCO has recommended payment of increased cash dividend of N12.18 billion for the 2025 business year as against N11.58 billion paid for the 2024 business year.

 Shareholders will receive a dividend per share of N6.25 for the 2025 business year compared with N5.94 paid for the previous year.

The board has also recommended a bonus issue of one ordinary share of 50 kobo each for every seven ordinary shares held, automatically increasing the number of shares held by each shareholder by 14.3 per cent. This means that a shareholder currently with 1,000 shares will receive additional bonus shares of about 143 shares, increasing total shareholding to 1,143 shares.

 

 

 

The qualification date for the cash and scrip dividends is Friday, May 1, 2026 while the cash dividends will be directly credited to shareholders’ bank accounts on Friday, May 15, 2026, after approval at the company’s annual general meeting.

 

 

 

Chairman, Nigerian Aviation Handling Company (NAHCO) Plc, Dr Seinde Fadeni, said the company has consistently demonstrated its commitment to value creation for shareholders and all its stakeholders as shown in its growth trend.

 

 

 

He said: “Our operational excellence continues to show in every financial results. In 2025, NAHCO recorded impressive growths across key performance indicators, combining a strong push for market share with disciplined cost management. The resultant effect is double-digit growths in revenues and profitability”.

 

 

 

He pointed out that the continuing impressive performance means that the company can sustain its track record of remarkable dividend payment every year, noting that despite 134 per cent increase in dividend per share for the 2024 business year, the group’s dividend cover improved to 1.56 times in 2025 as against 1.11 times in 2024, underlining the significant headroom for the group to continue its impressive dividend payment record.

 

 

 

Group Managing Director, Nigerian Aviation Handling Company (NAHCO) Plc, Mr Olumuyiwa Olumekun said the group’s impressive performance was driven by operational growth and business efficiency.

 

 

 

He outlined that the ongoing strategic initiatives, including extensive retooling of equipment and human capacity, as well as investments in expansive warehouses and storage processing would continue to support future growth.

 

 

 

“We are not only driving sales and expanding market share, we are doing that with extremely impressive efficiency. Despite the inflationary environment and challenges in the operating economy, our operating profit margin improved from 37.05 per cent in 2024 to 38.08 per cent in 2025. We remain focused in sustaining this, while exploring emerging opportunities,” Olumekun said.