The board and management of the top ground handling group, Nigerian Aviation Handling Company (NAHCO) Plc, have received praise from shareholders for their outstanding performance and consistent increases in shareholder returns.
During the weekend’s annual general meeting in Lagos, shareholders approved the distribution of 278.44 million ordinary shares worth 50 kobo each as bonus shares for the 2025 fiscal year, as well as the payment of N12.18 billion in cash dividends.
In the company’s lengthy history of continuous dividend payments, the gross cash dividend for the 2025 business year was N12.18 billion, up from N11.58 billion paid for the 2024 business year. This represents five years in a row that payouts have increased.
In contrast to N5.94 paid for the prior year, shareholders received a dividend per share of N6.25 for the 2025 business year.
Additionally, shareholders saw an automatic 14.3% increase in their shareholdings due to the bonus issue of one ordinary share worth 50 kobo for every seven ordinary shares held.
The total shareholding increased to 1,143 shares when a shareholder with 1,000 shares received bonus shares totalling roughly 143 shares.
Shareholders expressed their admiration for NAHCO’s consistent performance and the company’s board’s investor-friendly attitude during the meeting.
They pointed out that NAHCO has consistently improved its dividends to shareholders while maintaining a solid fundamental performance.
Dr. Faruk Umar, President of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), stated that the company’s basic performance has given shareholders hope for ongoing dividend growth.
According to him, investors’ faith in NAHCO is a reflection of the business’s consistently improving operational outcomes.
“They have done very well,” he declared. As shareholders, we are delighted with NAHCO. Examine the outcomes, the share price, and our dividends; all of these things are truly amazing. The price per share increased by more than 150% from N80 last year to over N200 today. They continue to expand the company, which gives us hope for increased dividend payments. We anticipate a significantly higher dividend the following year.
According to Sir Sunny Nwosu, the founding national coordinator of the Independent Shareholders Association of Nigeria (ISAN), NAHCO has won over investors with its dividends and performance.
He claimed that while current shareholders hardly want to sell such a lucrative investment, new shareholders want more NAHCO shares, which is why the company’s share price has been steadily rising.
“We are pleased that NAHCO is expanding. Being a member of this family excites us. Nwosu stated that while the board and management are deserving of praise, they must continue to work hard.
Dr. Seinde Fadeni, chairman of Nigerian Aviation Handling Company (NAHCO) Plc, stated that NAHCO is well-positioned to capitalise on new opportunities in the aviation industry.
He said that there are good chances for the aviation industry to grow as a result of the reforms in the aviation sector and the economy as a whole, and NAHCO would keep looking for ways to stay the top aviation handling group.
According to Mr. Olumuyiwa Olumekun, Group Managing Director of Nigerian Aviation Handling Company (NAHCO) Plc, NAHCO has not only overcome economic challenges but also reached new heights, solidifying its standing as the biggest aviation services and logistics company in West Africa.
He noted that even though there are still many domestic issues and the US-Israel-Iran conflict poses a significant disruption and global risk, NAHCO will continue to use its effective operating model, first-rate services, and inherent resilience to reduce risks and maintain growth.
In order to capitalise on the growth in aviation logistics, NAHCO will expand its cargo facilities, expedite diversification, finish its digitisation projects, and consistently pursue the board’s commitment to purchasing new equipment in 2026.
Olumekun stated, “We want to lead in sustainable aviation practices, maintain double-digit growth, and increase shareholders’ return.”
Total revenue increased by 21.8% from N53.54 billion in 2024 to N65.21 billion in 2025, according to NAHCO’s audited reports and accounts for the year that concluded on December 31, 2025. The gross profit climbed to N38.61 billion from N33.08 billion. From N19.84 billion in 2024 to N24.84 billion in 2025, operating profit increased by 25%.
According to the report, profit before tax increased by 30% from N18.702 billion in 2024 to N24.256 billion in 2025.
From N12.865 billion in 2024 to N17.999 billion in 2025, profit after tax increased by 39.91%. From N6.60 in 2024 to N9.24 in 2025, earnings per share increased by 40%.
Additionally, the group’s balance sheet showed improvement, with total assets rising from N46.95 billion in 2024 to N53.88 billion in 2025. From N20.075 billion to N26.497 billion, shareholders’ funds increased by 32%.
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