The Nigerian Aviation Handling Company (NAHCO) Plc delivered a robust financial performance in 2025, recording a 40 per cent increase in net profit to N18 billion, driven by strong revenue growth, disciplined cost management and sustained investment in operations.
The company’s full-year results for the period ended December 31, 2025, released at the Nigerian Exchange (NGX), showed that total revenue rose by 21.8 per cent to N65.21 billion from N53.54 billion in 2024. Gross profit also improved, increasing to N38.61 billion from N33.08 billion in the previous year.
Despite operating in an inflationary environment, NAHCO kept administrative expenses largely flat at N13.89 billion, compared with N13.82 billion in 2024, reflecting the impact of digitisation and operational efficiencies. As a result, operating profit rose by 25 per cent to N24.84 billion from N19.84 billion.
Profit before tax climbed by 30 per cent to N24.26 billion from N18.70 billion, while earnings per share increased by 40 per cent to N9.24 from N6.60. The company’s dividend cover improved to 1.56 times in 2025, up from 1.11 times in 2024, despite a 134 per cent increase in dividend per share for the 2024 financial year.
NAHCO’s balance sheet strengthened further during the year, with total assets rising to N53.88 billion from N46.95 billion, while shareholders’ funds grew by 32 per cent to N26.50 billion, supported by strong retained earnings.
Key performance ratios also improved, with operating profit margin rising to 38.08 per cent from 37.05 per cent, pre-tax profit margin increasing to 37.2 per cent from 34.9 per cent, return on assets climbing to 45.02 per cent and return on equity improving to 67.93 per cent.
Commenting on the results, Group Managing Director of NAHCO Plc, Mr Olumuyiwa Olumekun, said the 2025 performance underscores the resilience of the company’s strategic growth plan.
According to him, sustained investments in technology, equipment renewal and human capital have helped NAHCO maintain a strong competitive position in the regional aviation services and logistics sector. He added that the company’s expanding export processing facilities and warehouses across the country place it in a strong position to support Nigeria’s aspiration of building a $1 trillion economy, while delivering long-term value to shareholders.
Olumekun reaffirmed that NAHCO remains focused on equipment re-fleeting, digitisation, sustained growth initiatives and environmental, social and governance (ESG) priorities to drive improved performance in the years ahead.
