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By Chukwuma Umeorah
The Nigerian Aviation Handling Company (NAHCO) Plc has reported a 46 per cent rise in profit before tax to N17.94 billion for the third quarter ended September 30, 2025, compared with N12.29 billion recorded in the corresponding period of 2024.
The company’s unaudited financial results released on the Nigerian Exchange (NGX) showed strong growth across major performance indicators, reflecting improved business operations within the nine-month period.
Revenue rose by 40.7 per cent to N47.76 billion in the third quarter of 2025, up from N33.95 billion in the same period of 2024. The increase was attributed to renewed and expanded business contracts across its subsidiaries. Gross profit stood at N28.43 billion, representing a 37.1 per cent growth from N20.74 billion in the prior year, indicating improved cost efficiency amid rising operating expenses.
Chairman of NAHCO Plc, Dr Seinde Fadeni, said the company’s third quarter results underscored its position as a leading player in aviation logistics. According to him, “The board and management remain committed to a sustainable business model that widens activities and deepens profitability, placing the group in position for better returns to all stakeholders.”
Operating profit grew by 40.8 per cent to N18.14 billion compared with N12.88 billion in 2024, while net profit after tax rose to N13.46 billion from N9.18 billion, marking a 46.6 per cent increase. Earnings per share also rose from N4.71 to N6.91, suggesting stronger prospects for dividend payouts.
The company’s balance sheet showed total assets of N48.64 billion as of September 2025, up from N46.95 billion in December 2024. Shareholders’ funds grew from N20.04 billion to N21.92 billion over the same period.
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For context, NAHCO had increased its cash dividend by 134 per cent to N11.58 billion for the 2024 financial year, representing N5.94 per share, compared with N4.95 billion paid for 2023.
Fadeni noted that the company is focused on implementing its five-year strategic blueprint aimed at driving its next phase of growth. He added that NAHCO would continue to invest in equipment, technologies and human capacity to maintain its competitive edge in Nigeria and the West African region.
Group Managing Director, Olumuyiwa Olumekun, said the company has been expanding investments in export processing and warehouses to support its diversification strategy.
He explained that “the massive NAHCO Export Packaging and Processing Centre in Lagos was a first of its kind in Nigeria and a deliberate strategy for sustainable benefits to all stakeholders.”
Olumekun added that the group remains focused on four core areas of sustained growth, equipment re-fleeting, digitization, diversification, and environmental, social and governance (ESG) initiatives to drive future performance. “Since transiting from being the foremost ground handling service provider in the entire sub-region to being a diversified, total logistics group, we have been driven by the earnest desire to provide unmatched level of excellent service delivery to our clients,” he said.
He commended shareholders, customers and staff for their continued support, adding, “we will continue to work together to ensure even better performance for the company.”
