The Nigerian Aviation Handling Company (NAHCO) Plc delivered a strong financial performance in the first half of 2026, with profit before tax rising to ₦14.37 billion as the aviation handling giant continued to benefit from improved operational efficiency, strategic investments and diversified revenue streams.
The company’s unaudited financial results for the six months ended June 30, 2026, released on the Nigerian Exchange (NGX), showed that gross revenue increased by 9.4 per cent to ₦35.36 billion from ₦32.33 billion recorded in the corresponding period of 2025.
Operating profit climbed 25.4 per cent to ₦14.59 billion from ₦11.64 billion, while profit before tax grew by 21.8 per cent from ₦11.79 billion to ₦14.37 billion. Profit after tax also increased by 22.2 per cent to ₦10.85 billion, compared with ₦8.88 billion in the first half of last year.
Despite an increase in the company’s outstanding shares following the bonus share issue approved for the 2025 financial year, adjusted basic earnings per share improved to ₦4.87 from ₦4.55 recorded a year earlier.
The robust half-year performance follows shareholder approval of an enhanced dividend package at the company’s Annual General Meeting in May. NAHCO increased its cash dividend for the 2025 financial year to ₦12.18 billion from ₦11.58 billion paid for 2024, with shareholders receiving ₦6.25 per share compared with ₦5.94 previously. Investors also received one bonus share for every seven ordinary shares held, increasing the company’s issued shares by about 14.3 per cent.
Chairman of NAHCO Plc, Dr. Seinde Fadeni, attributed the performance to the resilience of the company’s business model and sustained investments in critical infrastructure, including modern warehouses, ground handling equipment, technology and human capital.
According to him, the company’s strategy has strengthened its ability to adapt to changing macroeconomic conditions while positioning it to capture new growth opportunities within Nigeria’s expanding aviation sector.
“Our first half 2026 results confirm the sustainability of our growth model. We have continued to record steady growth across our operations, and we remain confident of maintaining our leadership position through excellent service delivery,” Fadeni said.
Group Managing Director, Mr. Olumuyiwa Olumekun, said the company remained focused on diversification, operational excellence and quality expansion through continued investments in automation, technical manpower and nationwide storage and warehousing facilities.
“Our preference by industry stakeholders is built on both availability and quality. We remain committed to our culture of service excellence while creating long-term value for shareholders,” he said.
The latest results have reinforced expectations that NAHCO could surpass its record 2025 financial performance. Last year, the company posted revenue of ₦65.21 billion, representing a 21.8 per cent increase over 2024, while profit before tax rose 30 per cent to ₦24.26 billion. Profit after tax climbed nearly 40 per cent to ₦18 billion, with earnings per share increasing to ₦9.24.
NAHCO also strengthened its balance sheet in 2025, with total assets rising to ₦53.88 billion from ₦46.95 billion, while shareholders’ funds grew by 32 per cent to ₦26.50 billion, underscoring the company’s strong financial position as it continues to expand its aviation handling and logistics business.
