The Nigerian Aviation Handling Company (NAHCO) Plc has sustained its strong growth momentum, reporting a 46% rise in profit to N18 billion for the third quarter ended September 30, 2025, as the group continues to consolidate its leadership in aviation handling and logistics services.
The company’s unaudited nine-month results released at the Nigerian Exchange (NGX) showed double-digit growth across all major financial indicators, highlighting the impact of renewed business contracts, expanded operations, and cost efficiency.
Total revenue rose by 40.7%, from N33.95 billion in Q3 2024 to N47.76 billion in Q3 2025, while gross profit increased by 37.1% to N28.43 billion, reflecting the company’s ability to maintain operational efficiency despite domestic and global inflationary pressures.
Operating profit jumped by 40.8%, rising from N12.88 billion to N18.14 billion, underscoring that the company’s performance was driven primarily by robust operational output. Profit before tax also surged by 46%, from N12.29 billion to N17.94 billion, while net profit after tax grew by 46.6% to N13.46 billion, compared to N9.18 billion in the same period of 2024.
Earnings per share climbed from N4.71 to N6.91, signaling significant room for higher dividend payouts. This performance follows NAHCO’s 134% increase in dividend payout for the 2024 financial year, when it distributed N11.58 billion to shareholders.
The group’s total assets rose from N46.95 billion in December 2024 to N48.64 billion by September 2025, while shareholders’ funds strengthened from N20.04 billion to N21.92 billion within the same period, reflecting a solid balance sheet and sustained investor confidence.
Chairman, Dr Seinde Fadeni, described the results as evidence of NAHCO’s continuing industry leadership and strategic diversification. He reaffirmed the board’s commitment to a sustainable business model that deepens profitability and delivers consistent value to all stakeholders.
He said the group remains focused on executing its five-year strategic blueprint, designed to drive its next phase of expansion and market dominance.
Group Managing Director, Mr Olumuyiwa Olumekun, noted that NAHCO’s strategic investments in export processing and warehousing facilities across Nigeria, including the newly established NAHCO Export Packaging and Processing Centre in Lagos, have positioned the company for long-term growth and competitiveness.
According to him, the group’s priorities remain anchored on sustained growth, fleet modernization, digital transformation, and environmental, social, and governance (ESG) initiatives—ensuring continued value creation for shareholders and all stakeholders.
