NAHCO Revenue Rises by 23% as Profit Hits N17.5bn
By Admin, Lagos Nigeria
Nigeria’s leading aviation ground handling company, Nigerian Aviation Handling Company NAHCO has announced a strong financial performance for the 2025 financial year, recording significant increases in revenue, profit and earnings per share.
Speaking at the company’s 45th Annual General Meeting held in Lagos, Chairman of NAHCO, Seinde Oladapo Fadeni disclosed that the company’s total revenue rose from N53.54 billion in 2024 to N65.82 billion in 2025, representing a growth of 22.93 per cent.
According to him, Profit Before Tax also climbed by 29.83 per cent to N24.28 billion, while Profit After Tax increased from N12.87 billion in 2024 to N17.5 billion in 2025, reflecting a 36.02 per cent rise.
He further revealed that earnings per share improved by 36.14 per cent, rising from N6.60 in 2024 to N8.99 in 2025.
Fadeni attributed the company’s performance to improved operational efficiency, market expansion and prudent cost management.
“Our operational excellence continues to reflect in our financial results. In 2025, NAHCO recorded strong growth across major performance indicators while maintaining disciplined cost management,” he said.
The chairman noted that the company’s financial strength had enabled the board to recommend a dividend payout of N6.25 alongside a bonus issue of one share for every seven shares held for the 2025 financial year.
He assured shareholders that the board remained focused on sustaining growth by strengthening its dominance in existing markets while exploring new business opportunities across the aviation and logistics sector.
Fadeni, however, acknowledged the challenges posed by inflation and rising fuel costs, describing fuel prices as a major pressure on operational expenses.
Also speaking at the AGM, Group Managing Director and Chief Executive Officer of NAHCO, Olumuyiwa Olumekun said the company had continued to expand despite economic challenges, maintaining its position as one of West Africa’s leading aviation services and logistics groups.
“Our stock performance remained outstanding with a 188 per cent year-on-year gain and a market capitalisation exceeding N200 billion,” Olumekun stated.
He added that the company had unveiled a five-year strategic diversification plan aimed at pushing revenue above N300 billion through new partnerships and business ventures.
According to him, NAHCO also strengthened its operations by acquiring over 271 modern ground support equipment units within the last three years to replace ageing equipment with fuel-efficient and environmentally friendly alternatives.
Shareholders at the meeting commended the company’s performance and expressed optimism about future returns.
President of the Association for the Advancement of the Rights of Nigerian Shareholders, Farouk Umar praised the company’s management for delivering improved shareholder value.
“They have performed exceptionally well. The company’s share price has risen significantly and the bonus issue is commendable. Their expansion into new airline businesses will further boost revenue and profitability,” he said.
Another shareholder, Patrick Ajudua described the dividend and bonus package as a strong reward for investors, adding that the company’s future outlook remained promising.
During the meeting, shareholders also approved the re-election of Abdulhamid Aliyu, Reverend Victor Abimbola Olaiya and Adebisi Oluwayemisi Bakare as Non-Executive Directors of the company.
The meeting further approved the appointment of PricewaterhouseCoopers as the company’s new external auditor, replacing Ernst & Young.