NAHCO Records Stellar Performance in Third Quarter 2025
The Nigerian Aviation Handling Company (NAHCO) Plc has demonstrated remarkable financial strength in its third-quarter results for 2025, showcasing substantial growth across all key performance indicators. The leading aviation handling and logistics group reported impressive double-digit growth, reinforcing its position as an industry leader in Nigeria's aviation sector.
Financial Highlights Show Robust Growth
According to the nine-month results released at the Nigerian Exchange (NGX), NAHCO achieved a 40.7% increase in total revenue, climbing from N33.95 billion in the third quarter of 2024 to N47.76 billion in the same period of 2025. This significant growth was primarily driven by renewed business contracts, new client acquisitions, and expanded activities across the company's subsidiaries.
The company's profitability metrics showed even more impressive gains. Gross profit rose by 37.1% to N28.43 billion in Q3 2025, compared to N20.74 billion in the corresponding period of 2024. This performance demonstrates NAHCO's effective cost management despite facing both domestic and global inflationary pressures.
Operating performance was equally strong, with operating profit jumping by 40.8% from N12.88 billion to N18.14 billion. This indicates that the company's growth was fundamentally driven by core business operations rather than financial engineering or structural adjustments.
The bottom line saw exceptional improvement as profit before tax increased by 46% to N17.94 billion, up from N12.29 billion in Q3 2024. After accounting for taxes, net profit reached N13.46 billion, representing a remarkable 46.6% increase from the N9.18 billion recorded in the same period last year.
Enhanced Shareholder Value and Future Prospects
The outstanding financial performance directly translated to improved shareholder returns. Earnings per share increased from N4.71 to N6.91, providing significant capacity for the group to maintain higher dividend distributions. This builds on NAHCO's previous track record of shareholder-friendly policies, having increased dividend payout by 134% for the 2024 business year.
The company's balance sheet remained robust, with total assets growing from N46.95 billion in December 2024 to N48.64 billion by September 2025. Shareholders' funds also saw healthy growth, increasing from N20.04 billion to N21.92 billion during the same period.
Dr. Seinde Fadeni, Chairman of NAHCO, attributed the strong performance to the company's industry leadership and ongoing diversification strategy. He emphasized the board and management's commitment to a sustainable business model that expands activities while deepening profitability, ultimately delivering better returns to all stakeholders.
Group Managing Director Olumuyiwa Olumekun highlighted NAHCO's strategic positioning within Nigeria's growing economy, particularly through investments in export processing and warehouses across the country. He noted that the massive NAHCO Export Packaging and Processing Centre in Lagos represents a pioneering initiative in Nigeria and forms part of the company's deliberate strategy for sustainable value creation.
Olumekun outlined the group's focus on four key growth areas: sustained operational expansion, equipment modernization, digitization, and environmental, social governance (ESG) compliance. He expressed confidence that the diversified nature of the group and the onboarding of new business ventures would ensure continued growth momentum in the coming periods.
The management reaffirmed its commitment to implementing the five-year strategic blueprint, which is expected to drive the next phase of phenomenal growth for the company while maintaining its leadership position not only in Nigeria but throughout the West African region.
