Nigerian Aviation Handling Company has proposed a total dividend payout of N12.18 billion to shareholders for the 2025 financial year, alongside a bonus share issue, following a year of strong financial performance and sustained growth across its operations.
The recommendation, disclosed in a regulatory filing on the Nigerian Exchange, represents an increase from the N11.58 billion paid in 2024, with shareholders set to receive N6.25 per share, up from N5.94 in the previous year. In addition to the cash payout, the company’s board has proposed a bonus issue of one ordinary share for every seven shares held, effectively increasing shareholders’ holdings by 14.3 per cent.
The improved returns come on the back of robust earnings growth, with profit before tax rising by 30 per cent to N24.26 billion, while profit after tax climbed nearly 40 per cent to N17.99 billion. Earnings per share also increased significantly from N6.60 to N9.24, reflecting stronger profitability and operational efficiency.
The company’s balance sheet showed further resilience, with total assets growing to N53.88 billion and shareholders’ funds rising by 32 per cent to N26.5 billion, underscoring its strengthened financial position despite a challenging operating environment.
Chairman of NAHCO, Seinde Fadeni, attributed the performance to disciplined cost management and sustained operational excellence, noting that the company has maintained a consistent track record of delivering value to shareholders. He added that the improved dividend payout and stronger dividend cover highlight the group’s capacity to sustain returns while supporting future growth.
Group Managing Director, Olumuyiwa Olumekun, said the results were driven by a combination of revenue expansion and efficiency gains, even amid inflationary pressures and economic headwinds. He noted that the company continues to invest in equipment upgrades, human capital development, and expanded warehousing and logistics infrastructure to support long-term growth.
The qualification date for both the dividend and bonus shares is set for May 1, 2026, while payment is expected to follow on May 15, subject to shareholder approval at the company’s annual general meeting.
