NAHCO grows profit to N16b in nine months
Nigerian Aviation Handling Company (NAHCO) Plc sustained its growth trajectory, with double-digit growths across key performance indices in the third quarter highlighting the continuing brand preference and operation efficiency of West Africa’s leading aviation handling and logistics group. Interim report and accounts of NAHCO for the nine-month period ended September 30, 2026 released at the […]…
Nigerian Aviation Handling Company (NAHCO) Plc reported a 19.2% increase in net profit, reaching N16.04 billion, in the third quarter of 2026. Total revenue climbed by 16.51% to N55.64 billion, driven by higher operating margin and a decline in finance costs. Gross profit rose by 8.5% to N28.17 billion, while operating profit increased by 8.97% to N21.66 billion.
Finance costs fell from N1.57 billion to N1.26 billion, but finance income dropped significantly from N1.37 billion to N834 million. The company's dividend payout to shareholders improved, with a 1.15 times dividend cover in the third quarter of 2026, up from 0.97 times in the same period last year.
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