The Nigerian Aviation Handling Company Plc recorded a 40 per cent increase in net profit to N18 billion in 2025.

This growth provides substantial headroom for the services and logistics group to maintain its dividend payout strategy.

The unaudited results for the year ended December 31, 2025, released on the Nigerian Exchange, revealed strong growth across major performance indicators.

Total revenue increased by 21.8 per cent from N53.54 billion in 2024 to N65.21 billion in 2025.

Gross profit rose from N33.08 billion to N38.61 billion.

Administrative expenses remained nearly flat at N13.89 billion in 2025 compared to N13.82 billion in 2024, thanks to enhanced digitization and operational expertise amid inflation.

Operating profit grew by 25 per cent from N19.84 billion in 2024 to N24.84 billion in 2025.

Profit before tax surged by 30 per cent to N24.256 billion in 2025 from N18.702 billion in 2024.

After taxes, net profit climbed by 39.91 per cent from N12.865 billion to N17.999 billion.

Earnings per share rose by 40 per cent from N6.60 in 2024 to N9.24 in 2025.

The 2025 interim report highlights the leading ground handling group’s ability to deliver sustained market-leading returns to shareholders.

Even after a 134 per cent rise in dividend per share for the 2024 business year, dividend cover improved to 1.56 times in 2025 from 1.11 times in 2024, indicating strong capacity for continued impressive dividend payments.

The group’s balance sheet strengthened through internal expansion in equipment and reserves.

Total assets grew from N46.95 billion to N53.88 billion.

Shareholders’ funds increased by 32 per cent from N20.075 billion to N26.497 billion, reflecting robust retained earnings.

Deeper analysis confirmed a positive outlook, with performance fueled by operational growth and efficiency.

Operating profit margin improved from 37.05 per cent in 2024 to 38.08 per cent in 2025.

Pre-tax profit margin rose from 34.9 per cent to 37.2 per cent.

Return on total assets reached 45.02 per cent in 2025 compared to 34.93 per cent in 2024.

Return on equity advanced from 64.08 per cent to 67.93 per cent.

For the 2024 business year, NAHCO distributed N11.58 billion in cash dividends, equating to N5.94 per share, up from N4.95 billion paid for 2023.

Group Managing Director of Nigerian Aviation Handling Company (NAHCO) Plc, Mr Olumuyiwa Olumekun, said the 2025 performance reflects continuing resilience of NAHCO’s strategic growth plan.

He said continuing investments in technology and human capital have ensured that NAHCO remains at the utmost competitive edge of the regional aviation services industry.

He pointed out that expansive investments in export processing and warehouses across the country place NAHCO at a vantage position to play major role in Nigeria’s quest for $1 trillion economy, while creating competitive value for its shareholders.

He reiterated that the group remains focused on four areas of sustained growth, equipment re-fleeting, digitization and environmental social governance (ESG) to ensure better performance in the period ahead.

“Our 2025 results show we remain firmly on track. We have invested so much in recent period in upscaling our equipment and human capacity, and this is evident in the services and results that we are getting. We remain committed to sustaining our leadership as the most preferred total logistics group, supporting the nation’s economic growth while ensuring improving returns to our shareholders,” Olumekun said.