NAHCO Aviance Reports Stellar 2025 Results, PAT Soars to N17.5 Billion

Leading ground handling company in Nigeria, Nigerian Aviation Handling Company (NAHCO Aviance) has increased its total revenue by 22.93 per cent from N53. 54 billion in 2024 to N65. 82 billion in 2025.

In the same year, Profit Before Tax jumped by 29.83 per cent to N24.28 billion in 2025, as against N18. 702 billion in 2024. Profit After Tax grew by 36.02 per cent from N12. 87 billion in 2024 to N17.5 billion in 2025.

In the same vein, earnings per share rose by 36.14 per cent from N6. 60 in 2024 to N8. 99 in 2025.

The figures were provided by the Group’s Chairman, Dr Seinde Oladapo Fadeni, in his statement at the 45th Annual General Meeting (AGM) of NAHCO PLC, held recently in Lagos.

According to the Group Chairman, NAHCO’s operational excellence continues to show in their results, which “we know should delight you as owners of the company. In 2025, NAHCO recorded impressive growth across key performance indicators, combining a strong push for market share with disciplined cost management.

On dividends, Fadeni stated that the impressive performance in 2025 means that NAHCO can sustain its track record of remarkable dividend payments.

“In the light of this, your board is recommending dividend payment of N6. 25 plus a bonus of 1 for seven for the 2025 financial year”.

Looking ahead, Fadeni revealed that in a few years, the current board will have overseen the company’s affairs, and the business will have experienced significant growth.

“We are committed to accelerating this growth by sustaining leadership in existing markets and exploring new opportunities”, he assured. The Chairman also examined the impact of inflation on the company’s operations. For instance, he stated that the increase in fuel prices remains a major bottleneck, saying, “Fuel price is affecting our books. The commodity market is not smiling at us at all, but we are managing the situation.”

In his statement, Group Managing Director/CEO of NAHCO, Mr Olumuyiwa Olumekun, emphasised that NAHCO has not only navigated economic headwinds but has soared to new heights, reinforcing its position as West Africa’s largest aviation services and logistics group.

He said, “Our stock performance was stellar, with a 188% year-to-year gain and a market cap exceeding N200 billion. We unveiled a five-year strategic diversification plan to push revenue beyond N300 billion, focusing on new ventures and collaborations”.

 The GMD added that over the last three years, including 2025, NAHCO improved its fleet by acquiring more than 271 new ground support equipment units and phasing out ageing assets in favour of modern, fuel-efficient and eco-friendly alternatives.

Shareholders at the AGM commended NAHCO for its excellent performance in 2025.

Applauding the company, President of the Association for the Advancement of the Rights of Nigerian Shareholders (AARNS), Dr Farouk Umar, said, “They have done very well. Last year, the share price was N80; today, it is over N200, an increase of more than 250 per cent. They are giving a bonus of 1-7, which is very commendable. And they have now won the business of Fly Gabon, Saudi Arabia, and Qatar. This will increase revenue and boost profits for shareholders. We believe the dividend next year will be much higher”.

“NAHCO has now reached a level that they can even provide the same services in other African countries. When I was on the board, I tried to take the business to the Morocco Airport, but we did not get that. Secondly, the government is trying to privatise the airport. I call on NAHCO to bid because they have the capability and financial position to win the bid”, Dr Umar advised.

Also speaking at the meeting, another shareholder, Mr Patrick Ajudua, commended NAHCO for the company’s impressive outing.

“There is no better joy for shareholders this year than what NAHCO is giving to their shareholders; an improved dividend of N6.25 plus a bonus of 1 for seven for the 2025 financial year. And of course, good future prospects to reward shareholders for their investments. I think NAHCO is a place to be for shareholders”, Ajudua stated.

During the ordinary business session, three directors: Mr Abdulhamid Aliyu, Reverend Victor Abimbola Olaiya and Mrs Adebisi Oluwayemisi Bakare were re-elected as Non-Executive Directors of the company.

Also, PwC (PricewaterhouseCoopers) was approved as the company’s external auditor, replacing the retiring auditor EY (Ernst & Young).

Wole Shadare