NAHCO posts N16bn nine-month profit on revenue growth

The Nigerian Aviation Handling Company Plc (NAHCO) reported a substantial N16 billion profit for the nine months ended September 30, 2026, reflecting a 19.2 per cent increase compared to the same period in 2025. Total revenue grew by 16.51 per cent, reaching N55.64 billion, while operating profit expanded by 19.5 per cent to N21.66 billion.

Gross profit also rose by 8.5 per cent to N28.17 billion. The company's financial performance was bolstered by a 19.7 per cent reduction in finance costs and a 39.1 per cent drop in finance income, which helped improve profit before tax by 18.39 per cent to N21.24 billion. After tax, net profit increased by 19.2 per cent to N16.04 billion.

NAHCO's dividend per share rose by 19.2 per cent to N7.20, supported by a strong dividend cover of 1.15 times. The company's balance sheet strengthened with total assets growing to N58.85 billion, and shareholders' funds reaching N29.86 billion. Despite a 54.38 per cent decline in gross margin, operating profit margin improved to 38.9 per cent.

NAHCO's Chairman, Dr Seinde Fadeni, expressed confidence in the aviation industry outlook and highlighted the company's leadership and strategic investments in human, technical, and infrastructural capabilities.