The Nigerian Aviation Handling Company Plc recorded a profit before tax of N24.28bn for the 2025 financial year as the company signalled interest in the Federal Government’s planned concession of major airport terminals.
The disclosure was made during NAHCO’s 45th Annual General Meeting held in Lagos, where shareholders encouraged the company to leverage its growing financial strength and operational capacity to compete for airport management concessions.
The Federal Government is currently moving ahead with plans to concession five major international airport terminals through a Public-Private Partnership arrangement coordinated by the Ministry of Aviation and the Bureau of Public Enterprises.
Shareholders said the programme is expected to improve airport infrastructure, efficiency and service delivery across Nigeria’s aviation sector.
Speaking at the AGM, President of the Association for the Advancement of Rights of Nigerian Shareholders, Farouk Umar, said NAHCO now possesses the financial capability and industry experience required to successfully bid for airport concessions both within and outside Nigeria.
He praised the company’s strong market performance and rising shareholder value, noting that investors have continued to enjoy impressive returns.
According to Umar, NAHCO’s share price climbed from about N80 last year to over N200, while the company also secured new business partnerships with airlines including Fly Gabon, Saudi Arabia and Qatar Airways.
He added that the company’s expansion and growing market presence would further boost revenue and profitability.
Financial statements presented at the meeting showed that NAHCO’s total revenue increased by 22.93 per cent, rising from N53.54bn in 2024 to N65.82bn in 2025.
Profit before tax grew by 29.83 per cent from N18.70bn to N24.28bn, while profit after tax rose by 36.02 per cent to N17.5bn.
Earnings per share also improved significantly from N6.60 in 2024 to N8.99 in 2025.
Chairman of NAHCO Group, Seinde Fadeni, attributed the company’s performance to operational efficiency, market expansion and disciplined cost management despite prevailing economic challenges.
He said the board recommended a dividend payout of N6.25 per share alongside a bonus issue of one new share for every seven shares held by investors.
Fadeni added that the company remains focused on sustaining growth, strengthening leadership within existing markets and exploring new business opportunities.
He, however, acknowledged that inflation and rising fuel prices continue to pose operational challenges for the company.
Group Managing Director and Chief Executive Officer of NAHCO, Olumuyiwa Olumekun, said the company maintained strong growth momentum despite economic pressures.
According to him, NAHCO recorded a 188 per cent year-on-year gain in stock performance, with its market capitalisation surpassing N200bn.
Olumekun also disclosed that the company had launched a five-year strategic diversification plan aimed at increasing revenue beyond N300bn through new partnerships and business ventures.
He further revealed that NAHCO acquired over 271 new ground support equipment units within the last three years as part of efforts to modernise operations and improve service delivery across the aviation sector.
