Copyright tribuneonlineng
Nigerian Aviation Handling Company (NAHCO) Plc has maintained its impressive growth trajectory with a strong third-quarter performance, underscoring its leadership in the aviation logistics and ground handling sector. According to the unaudited nine-month financial results for the period ended September 30, 2025, released on the Nigerian Exchange (NGX), the group recorded significant increases across key performance indicators, with profit before tax rising by 46 percent to N17.94 billion, up from N12.29 billion in the corresponding period of 2024. Total revenue grew by 40.7 percent to N47.76 billion in Q3 2025, compared to N33.95 billion in the same period last year. The performance was driven by new and renewed business contracts, as well as expanded operations across subsidiaries. Gross profit rose by 37.1 percent to N28.43 billion, while operating profit climbed 40.8 percent to N18.14 billion, reflecting strong operational efficiency despite persistent inflationary pressures. NAHCO’s net profit stood at M13.46 billion, representing a 46.6 percent increase from N9.18 billion in Q3 2024. Consequently, earnings per share rose from N4.71 to N6.91, strengthening the company’s potential to sustain robust dividend payouts. The company’s balance sheet also showed steady growth, with total assets increasing to N48.64 billion in September 2025 from N46.95 billion at the end of 2024. Shareholders’ funds rose to N21.92 billion from N20.04 billion over the same period. The strong performance positions NAHCO to continue its investor-friendly dividend policy, following a 134 percent increase in dividend payout for the 2024 financial year, when it distributed N11.58 billion to shareholders, translating to N5.94 per share. Commenting on the results, NAHCO Chairman, Dr. Seinde Fadeni, said the company’s consistent growth reflects its leadership in aviation logistics and commitment to a sustainable business model. “Our strategy focuses on expanding operations and deepening profitability to deliver long-term value to all stakeholders. We remain committed to our five-year strategic blueprint, which will drive the next phase of phenomenal growth,” he said. Group Managing Director, Mr. Olumuyiwa Olumekun, attributed the strong showing to NAHCO’s diversification and strategic investments in export processing and warehousing infrastructure. “Our Export Packaging and Processing Centre in Lagos is the first of its kind in Nigeria and a deliberate step toward creating sustainable value for stakeholders,” Olumekun said.He noted that the company’s growth strategy is anchored on four pillars to ensure long-term resilience and competitiveness. These pillars include sustained growth, equipment re-fleeting, digitisation, and environmental, social, and governance (ESG) principles. “We are expanding across multiple fronts while maintaining operational excellence and improving shareholder returns, “Our focus remains on innovation, customer satisfaction, and strong financial discipline. Olumekun commended NAHCO’s shareholders, customers, and employees for their continued support, assuring that the group would sustain its growth momentum and deliver even stronger performance in subsequent quarters.
