NAHCO Posts 22% Profit Growth to N14.4 Billion in H1 2026

Nigerian Aviation Handling Company (NAHCO) Plc sustained its growth trajectory in the first half of 2026, posting a 22% increase in profit to N14.4 billion. This performance reflects the impact of strategic investments and corporate management initiatives that have bolstered the group's overall outlook.

NAHCO's six-month report, ending June 30, 2026, revealed a rise in gross revenue to N35.36 billion from N32.33 billion in the same period of 2025. Operating profit saw a significant jump of 25.4%, climbing from N11.637 billion to N14.593 billion. Profit before tax also improved by 21.8%, reaching N14.37 billion, up from N11.79 billion in the prior year. After taxes, net profit grew by 22.2% to N10.85 billion.

The company's financial health allowed for a substantial dividend payout to shareholders. Following shareholder approval in May, NAHCO increased its cash dividend for the 2025 business year to N12.18 billion, compared to N11.58 billion for 2024. Shareholders received N6.25 per share, an increase from N5.94 the previous year. Additionally, bonus shares were distributed, increasing the number of outstanding shares by 14.3%.

Dr. Seinde Fadeni, Chairman of NAHCO Plc, attributed the strong first-half performance to the resilience of the group's operating structure and the ongoing benefits from investments in critical assets. He emphasized NAHCO's proactive approach in maintaining its leadership in aviation handling and logistics. Investments in world-class warehouses, ground handling equipment, and human capital have enhanced the group's adaptability to macroeconomic changes and its ability to capitalize on growth opportunities. Fadeni affirmed that the results confirm the sustainability of their growth model, demonstrating steady, period-on-period expansion.

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Our first half 2026 results further confirm our assurance on sustainability of our growth model. We have not seen growth on growth every year but also period on period, showing that we are not growing in bits but steadily thro