Nigerian Aviation Handling Company (NAHCO) Plc achieved a pre-tax profit of N11.8 billion in its half-year (H1) operations, a 148.2 per cent increase from N4.8 billion recorded in the corresponding period in 2024.

Its profit after tax (PAT) rose by 166.7 per cent, from N3.33 billion to N8.88 billion.

Group revenue also rose by 102.06 per cent to N32.33 billion from N16 billion recorded in the comparable period of 2024. The company’s gross profit grew by 117.73 per cent from N8.8 billion to N19.16 billion.
Operating profit jumped by 126.9 per cent to N11.64 billion in the first half of 2025, as against N5.13 billion in the first half of 2024.

Its earnings per share (EPS) increased from N1.71 in the first half of 2024 to N4.55 in the first half of 2025, providing significant headroom for a possible increase in dividend payouts.

In addition, the company’s gross profit margin improved from 55 per cent in the first half of 2024 to 59.26 per cent in the first half of 2025.
The company had distributed N11.58 billion as cash dividends for the 2024 business year, representing a dividend per share of N5.94, compared with N4.95 billion paid for the 2023 business year.

According to the company, the half-year 2025 results placed it on a stronger footing to surpass its 2024 full-year performance, which had been hailed as a record performance.

Chairman, Nigerian Aviation Handling Company (NAHCO) Plc, Dr Seinde Fadeni, reiterated the commitment of the board and management of the company to further diversify its businesses as part of strategies to drive the group’s revenue above N300 billion within the next five years.

He said a five-year growth strategy being implemented by the company would enhance existing businesses and diversify into other emerging opportunities.

He said the board and management are completely focused on implementing the company’s five-year strategic blueprint, which would drive the next phase of the company’s growth.