NAHCO grows profit by 22% to N14bn in H1

The Nigerian Aviation Handling Company Plc (NAHCO) has sustained its growth, announcing a 22% increase in profit for the first half of 2026. The company's financial report for the period ending June 30, 2026, revealed that strategic investments and corporate management initiatives have strengthened its performance outlook.

NAHCO's six-month financial results, released on the Nigerian Exchange Limited, show that the aviation handling and logistics group benefited from more efficient operations and varied income sources. These factors helped to moderate the impact of challenging operating conditions. Gross revenue rose to N35.36 billion in H1 2026 from N32.33 billion in H1 2025. Operating profit saw a 25.4% increase, climbing from N11.64 billion to N14.59 billion.

Profit before tax improved by 21.8% to N14.37 billion in H1 2026, compared to N11.79 billion in the same period of 2025. After taxes, net profit increased by 22.2%, from N8.88 billion to N10.85 billion. Consequently, adjusted basic earnings per share rose from N4.55 to N4.87, allowing for a cash dividend despite an increase in outstanding shares due to bonus shares issued for the 2025 business year.

NAHCO's Chairman, Seinde Fadeni, commented that the H1 2026 performance underscores the resilience of the group's operating structure and the ongoing benefits from investments in critical assets. He emphasized that NAHCO remains proactive in maintaining its status as a leading aviation handling group. Fadeni added that investments in world-class warehouses, ground handling equipment, and human capital have enhanced the group's capacity to adapt to macroeconomic shifts and capitalize on growth opportunities.

"Our H1 2026 results further confirm our assurance on the sustainability of our growth model. We have not only seen growth year-on-year, but also period-on-period, showing that we are growing steadily across operations," Fadeni stated. He also noted that as the Nigerian aviation industry expands into global markets, NAHCO's strategic focus on growth, diversification, and sustainability will ensure stronger performance and returns for shareholders.

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Our H1 2026 results further confirm our assurance on the sustainability of our growth model. We have not only seen growth year-on-year, but also period-on-period, showing that we are growing steadily across operations.