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NAHCO Reports 40% Profit Growth, Eyes Higher Dividend Payouts in 2025
Nigerian Aviation Handling Company (NAHCO) Plc has announced strong financial results for 2025, reporting a 40% growth in net profit to ₦18 billion. The company’s full-year performance highlights continued business expansion and improved efficiency, creating more value for shareholders.
Revenue and Profit Growth
NAHCO’s unaudited 2025 results, released on the Nigerian Exchange (NGX), showed a 21.8% increase in total revenue, rising from ₦53.54 billion in 2024 to ₦65.21 billion. Gross profit grew from ₦33.08 billion to ₦38.61 billion, while operating profit increased by 25%, reaching ₦24.84 billion from ₦19.84 billion the previous year.
Profit before tax jumped 30% to ₦24.26 billion, up from ₦18.70 billion in 2024. After taxes, net profit rose 39.91% to ₦17.99 billion, with earnings per share (EPS) increasing 40% from ₦6.60 to ₦9.24.
Dividend Growth and Shareholder Returns
The report also highlights NAHCO’s strong dividend potential. Despite a 134% increase in dividend per share for 2024, the group maintained a dividend cover of 1.56 times in 2025, up from 1.11 times the previous year. This indicates ample room to continue consistent dividend payments to shareholders.
In 2024, NAHCO distributed ₦11.58 billion in cash dividends, translating to a dividend per share of ₦5.94, compared to ₦4.95 billion for 2023.
Strengthened Balance Sheet
NAHCO’s balance sheet strengthened significantly, reflecting growth driven by investments in equipment and reserves. Total assets rose from ₦46.95 billion to ₦53.88 billion, while shareholders’ funds increased by 32% to ₦26.50 billion, highlighting strong retained earnings and financial stability.
Strategic Investments and Future Growth
NAHCO’s leadership emphasized that the 2025 results demonstrate the effectiveness of its strategic growth plan. Investments in technology, human capital, export processing, and warehouse facilities have positioned the company as a key player in Nigeria’s aviation services sector and broader economic growth initiatives.
The company plans to continue focusing on four core areas of growth:
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Equipment re-fleeting
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Digitization
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Environmental, social, and governance (ESG) initiatives
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Operational efficiency
These strategies aim to maintain NAHCO’s leadership in regional aviation services while delivering improved returns for shareholders.
Outlook
NAHCO remains committed to sustaining its position as a preferred total logistics provider in Nigeria, supporting economic growth and ensuring shareholders benefit from robust dividend policies and financial performance.
