Copyright web
Staff Reporter THE Namibia Airports Company (NAC) has reported steady financial and operational progress for the 2024/2025 financial year, posting a profit after tax of N$9.4 million and revenue growth of 6% to N$540 million. These results were presented at NAC’s Annual General Meeting (AGM), held under the chairmanship of Dr. Leake Hangala and attended by Minister of Works and Transport Veikko Nekundi, the NAC Board of Directors, and senior management, including Chief Executive Officer Bisey /Uirab. According to NAC, the company received an unqualified audit opinion for the fourth consecutive year, reflecting sound financial management and governance. The growth was largely attributed to NAC’s route development strategy, which secured additional services from South African Airways, Air Angola, FlySafair, and Discover Airlines, alongside increased flight frequencies at Hosea Kutako and Walvis Bay International Airports. Passenger numbers rose to 1.1 million during the period under review. Significant infrastructure upgrades were also completed to enhance efficiency and sustainability. Among these, NAC highlighted the rollout of solar panel parking facilities that reduce energy costs and the company’s carbon footprint. Despite major investments, NAC has maintained its fee structure for a third consecutive year. During the year, Hosea Kutako and Walvis Bay International Airports retained their long-term certification for international operations, while Eros and Andimba Toivo ya Toivo Airports secured long-term domestic licenses. NAC confirmed ongoing engagements with the Namibia Civil Aviation Authority (NCAA) to complete re-certification across its airports. Looking ahead, new flight services operated by Edelweiss and Proflight are expected to enhance connectivity to Zurich and Lusaka respectively in the coming year. NAC also plans to continue engaging major carriers to unlock new routes for both passenger and cargo operations. Over the next five years, NAC will focus on: Sustainable infrastructure development, including the construction of Terminal 3 at Hosea Kutako International Airport and other commercial property projects to diversify revenue. Finalising land transfers for new terminal developments at Katima Mulilo, Rundu, and Lüderitz airports. Digitalising operations to improve efficiency, passenger experience, and security. Minister Nekundi commended NAC for its progress and leadership, reaffirming government’s commitment to supporting the company in its mission to deliver world-class airport infrastructure and services. “The government remains committed to supporting NAC in providing sustainable and world-class airport infrastructure. We will continue to offer guidance, oversight, and strategic alignment to ensure the aviation sector contributes meaningfully to national development,” Nekundi said. Dr. Hangala expressed appreciation to the shareholder for its continued support, adding that NAC remains committed to ethical leadership, transparency, and value creation. “This AGM reflects our collective commitment to sound governance and progress. We are proud of our achievements and remain focused on delivering continued value to Namibia’s people and economy,” he said.
