NAHCO posts N16bn nine-month profit on revenue growth

Nigerian Aviation Handling Company Plc, also known as NAHCO, reported a substantial financial performance for the nine months leading up to September 30, 2026. The company's revenue surged by 16.51 percent, reaching N55.64 billion, up from N47.76 billion in the comparable period of 2025. Operating margins expanded, resulting in a 19.5 percent increase in operating profit, which rose from N18.14 billion to N21.66 billion.

Gross profit also climbed by 8.5 percent, from N25.97 billion to N28.17 billion. Despite a 39.1 percent decline in finance income to N834 million, profit before tax climbed by 18.39 percent, from N17.94 billion to N21.24 billion, leading to a 19.2 percent increase in net profit, which reached N16.04 billion. This impressive financial performance highlights NAHCO's continuous brand preference and operational efficiency, positioning the company for sustained growth and consecutive dividend increases over the past five years.

Despite the expansion of outstanding shares due to a bonus issue in the 2025 financial year, the company maintained a robust dividend cover of 1.15 times. NAHCO's Chairman, Dr Seinde Fadeni, praised the company's leadership in the sector and its resilience amidst challenges, emphasizing the importance of continued investment in human, technical, and infrastructural capabilities.