NAHCO revenue hits N55.64bn in nine months, profit up 18%

Spread the word Nigerian Aviation Handling Company (NAHCO) Plc grew revenue by 16.51 per cent to N55.64 billion in the nine months ended September 30, 2026, from N47.76 billion a year earlier. Interim results filed at the Nigerian Exchange showed operating profit rose 19.5 per cent to N21.66 billion, while pre-tax profit climbed 18.39 per cent to N21.24 billion. Net profit increased to N16.04 billion from N13.46 billion, lifting earnings per share to N7.20 from N6.04.

Gross profit rose 8.5 per cent to N28.17 billion, though gross margin slipped to 50.63 per cent from 54.38 per cent amid inflation. 

Finance costs fell to N1.26 billion from N1.57 billion, but finance income dropped to N834 million from N1.37 billion.

Cargo handling grew about 31 per cent, reflecting higher trade and e-commerce volumes. Revenue from free zone, transhipment, logistics, ticketing and lounge services rose 47.17 per cent to N2.91 billion.

Total assets rose to N58.85 billion from N55.12 billion in December 2025, while shareholders’ funds increased to N29.86 billion from N26 billion. Dividend cover improved to 1.15 times from 0.97 times.

Chairman Dr Seinde Fadeni said: “We are confident about the outlook for the aviation industry and our business. We remain focused on our strategic plan on sustainability and diversification.”

Group Managing Director Olumuyiwa Olumekun said: “Our performance highlights the quality of service and facilities that NAHCO has come to be known for.”

He attributed the growth to improvements across aircraft handling and cargo operations, supported by lower administrative expenses and finance costs.