NAHCO Announces N12.2 Billion Dividend and 278.44 Million Bonus Shares for Shareholders
Shareholders of the Nigerian Aviation Handling Company (NAHCO) Plc are set to receive a substantial cash dividend of N12.18 billion for the 2025 financial year, marking an increase from the N11.58 billion distributed in 2024. This translates to a dividend per share of N6.25 for 2025, up from N5.94 in the previous year, reflecting the company's robust financial performance.
Bonus Issue and Shareholder Benefits
The board has recommended a bonus issue of one ordinary share of 50 kobo each for every seven ordinary shares held, which will automatically boost each shareholder's holdings by 14.3 per cent. For instance, a shareholder with 1,000 shares will receive approximately 143 bonus shares, raising their total to 1,143 shares. This move is part of NAHCO's strategy to enhance shareholder value and reward loyalty.
Key Dates and Financial Highlights
The qualification date for both the cash and scrip dividends is set for May 1, 2026, with cash dividends scheduled to be directly credited to shareholders' bank accounts on May 15, 2026, following approval at the annual general meeting. According to the audited report for the year ended December 31, 2025, NAHCO achieved a total revenue of N65.21 billion, a 21.8 per cent increase from N53.54 billion in 2024. Gross profit rose to N38.61 billion from N33.08 billion, while operating profit grew by 25 per cent to N24.84 billion from N19.84 billion.
Profit before tax surged by 30 per cent to N24.256 billion in 2025, compared to N18.702 billion in 2024, and profit after tax increased by 39.91 per cent to N17.999 billion from N12.865 billion. Earnings per share also saw a significant rise of 40 per cent, reaching N9.24 from N6.60. The company's balance sheet strengthened, with total assets climbing to N53.88 billion from N46.95 billion, and shareholders' funds growing by 32 per cent to N26.497 billion from N20.075 billion.
Leadership Insights and Future Outlook
Dr Seinde Fadeni, Chairman of NAHCO, emphasized the company's consistent commitment to value creation, stating, "Our operational excellence continues to show in every financial result. In 2025, NAHCO recorded impressive growth across key performance indicators, combining a strong push for market share with disciplined cost management. The resultant effect is double-digit growth in revenues and profitability." He noted that despite a 134 per cent increase in dividend per share for 2024, the dividend cover improved to 1.56 times in 2025 from 1.11 times, indicating ample room for sustained dividend payments.
Group Managing Director Olumuyiwa Olumekun attributed the impressive performance to operational growth and business efficiency. He highlighted ongoing strategic initiatives, including equipment retooling, human capacity development, and investments in warehouses and storage processing, which are expected to support future growth and maintain NAHCO's competitive edge in the aviation sector.
