Shareholders of Nigerian Aviation Handling Company (NAHCO) Plc will receive a cash dividend of N12.18 billion for the 2025 financial year, as against N11.58 billion paid for the corresponding period in 2024.

This represents a dividend per share of N6.25 for 2025 compared to N5.94 paid in the previous year.

The board has also recommended a bonus issue of one ordinary share of 50 kobo each for every seven ordinary shares held, automatically increasing the number of shares held by each shareholder by 14.3 per cent.

This means that a shareholder currently with 1,000 shares will receive bonus shares of about 143 shares, increasing total shareholding to 1,143 shares.

The qualification date for the cash and scrip dividends is May 1, 2026, while the cash dividends will be directly credited to shareholders’ bank accounts on May 15, 2026, after approval at the company’s annual general meeting.

The company’s audited report and accounts for the year ended December 31, 2025, showed that total revenue rose by 21.8 per cent from N53.54 billion in 2024 to N65.21 billion in 2025. Gross profit increased from N33.08 billion to N38.61 billion.

The firm’s operating profit rose by 25 per cent from N19.84 billion in 2024 to N24.84 billion in 2025.

The report also showed that profit before tax rose by 30 per cent to N24.256 billion in 2025 as against N18.702 billion in 2024, while profit after tax grew by 39.91 per cent from N12.865 billion in 2024 to N17.999 billion in 2025.

Its earnings per share rose by 40 per cent from N6.60 in 2024 to N9.24 in 2025.

Besides, the group’s balance sheet also emerged stronger with total assets increasing from N46.95 billion in 2024 to N53.88 billion in 2025. Shareholders’ funds rose by 32 per cent from N20.075 billion to N26.497 billion.

Chairman of the company, Dr Seinde Fadeni, said the company has consistently demonstrated its commitment to value creation for shareholders and all its stakeholders, as shown in its growth trend.

He said, “Our operational excellence continues to show in every financial result. In 2025, NAHCO recorded impressive growth across key performance indicators, combining a strong push for market share with disciplined cost management. The resultant effect is double-digit growth in revenues and profitability.”

He pointed out that the continuing impressive performance means that the company can sustain its track record of remarkable dividend payment every year, noting that despite 134 per cent increase in dividend per share for the 2024 business year, the group’s dividend cover improved to 1.56 times in 2025 as against 1.11 times in 2024, underlining the significant headroom for the group to continue its impressive dividend payment record.

Group Managing Director, Olumuyiwa Olumekun, said the group’s impressive performance was driven by operational growth and business efficiency.

He outlined that the ongoing strategic initiatives, including extensive retooling of equipment and human capacity, as well as investments in expansive warehouses and storage processing, would continue to support future growth.