NAHCO’s shareholders get N12.2bn dividend, 278.44m bonus shares

Shareholders of Nigerian Aviation Handling Company Plc (NAHCO) are set for significant returns as the company announced a combined payout of N12.2 billion in cash dividends alongside 278.44 million bonus shares, following a strong financial performance in the 2025 business year. The board of directors recommended a cash dividend of N12.18 billion, higher than the […]

Shareholders of Nigerian Aviation Handling Company Plc (NAHCO) are set for significant returns as the company announced a combined payout of N12.2 billion in cash dividends alongside 278.44 million bonus shares, following a strong financial performance in the 2025 business year.
The board of directors recommended a cash dividend of N12.18 billion, higher than the N11.58 billion paid in 2024. This translates to a dividend per share of N6.25 for 2025, compared with N5.94 recorded in the previous year, reflecting the company’s commitment to rewarding investors amid sustained earnings growth.
In addition to the cash payout, NAHCO also proposed a bonus issue of one ordinary share of 50 kobo for every seven shares held. The bonus distribution, which amounts to 278.44 million new shares, will increase shareholders’ holdings by approximately 14.3 per cent.
The qualification date for both the dividend and bonus shares is May 1, 2026, while payment of the cash dividend is scheduled for May 15, 2026, subject to shareholders’ approval at the Annual General Meeting.
The announcement follows a robust financial year, with the company posting double-digit growth across key performance metrics. Revenue rose by 21.8 per cent from N53.54 billion in 2024 to N65.21 billion in 2025, driven by increased operational activity and improved service offerings.
Gross profit also grew from N33.08 billion to N38.61 billion, while operating profit climbed by 25 per cent to N24.84 billion, compared with N19.84 billion recorded in the prior year.
Profit before tax increased by 30 per cent to N24.26 billion, up from N18.70 billion in 2024. Profit after tax recorded a stronger growth of 39.91 per cent, rising from N12.87 billion to N18.0 billion in 2025.
Earnings per share equally improved by 40 per cent to N9.24, compared with N6.60 in the preceding year.

The company’s balance sheet also strengthened, with total assets expanding from N46.95 billion in 2024 to N53.88 billion in 2025. Shareholders’ funds rose by 32 per cent to N26.50 billion, up from N20.08 billion.

Chairman of NAHCO, Seinde Fadeni, said the company’s performance reflects its commitment to delivering value to shareholders through consistent growth and disciplined management.

“Our operational excellence continues to show in every financial result. In 2025, NAHCO recorded impressive growth across key performance indicators, combining a strong push for market share with disciplined cost management,” he said.

He noted that despite the significant increase in dividend payout, the company’s dividend cover improved to 1.56 times in 2025 from 1.11 times in 2024, indicating strong capacity to sustain future payouts.

Group Managing Director, Olumuyiwa Olumekun, attributed the performance to operational efficiency and ongoing strategic investments.

According to him, initiatives such as retooling of equipment, investment in human capital, and expansion of warehousing and storage facilities are expected to drive future growth.

“We are not only driving sales and expanding market share, we are doing so with impressive efficiency. Despite inflationary pressures and economic challenges, our operating profit margin improved from 37.05 per cent in 2024 to 38.08 per cent in 2025,” Olumekun said.

He added that the company remains focused on sustaining efficiency gains while exploring emerging opportunities within the aviation handling and logistics sector.