The Nigerian Aviation Handling Company Plc (NAHCO) has recorded a NAHCO Posts N8.88bn Profit in H1 2025 landmark performance in the first half of 2025, reporting a profit after tax of ₦8.88 billion, marking a remarkable 166.7% year-on-year growth. This stellar achievement reflects the company’s aggressive growth strategy, technological integration, and diversification drive.
According to the company’s unaudited financial results released to the Nigerian Exchange (NGX), group revenue surged by 102.06%, climbing from ₦16 billion in H1 2024 to ₦32.33 billion in the same period this year. This revenue leap was matched by a 117.7% rise in gross profit, reaching ₦19.16 billion, compared to ₦8.80 billion in the first half of the previous year.
Operating profit rose to ₦11.64 billion, a 126.9% increase from ₦5.13 billion in H1 2024. Profit before tax also rose significantly by 148.2% from ₦4.75 billion to ₦11.79 billion. Shareholders enjoyed improved returns, as earnings per share climbed to ₦4.55 from ₦1.71 in the same period last year.
NAHCO’s profitability margins improved across all key indicators:
Gross Profit Margin: 59.26% (up from 55%)
Operating Profit Margin: 36% (up from 32.06%)
Pre-Tax Profit Margin: 36.5% (up from 29.7%)
Return on Total Assets: 20.14% (up from 7.09%)
Return on Equity: 51.09% (up from 16.59%)
This performance sets NAHCO firmly on track to surpass its ₦18.70 billion full-year profit before tax in 2024, a record that more than doubled its ₦8.68 billion PBT in 2023.
Chairman of NAHCO, Mr. Seinde Fadeni, revealed that the company is executing a five-year strategic blueprint aimed at exceeding ₦300 billion in annual revenue.
“We are expanding our core business while venturing into new growth sectors. We believe this strategy will secure NAHCO’s leadership position in Nigeria’s logistics and aviation handling space,” he said.
Fadeni also disclosed that the company has increased staff salaries by 50%, and is currently implementing Oracle ERP and HCM systems to digitize operations and improve workforce management.
NAHCO is also deepening its investment in digital transformation, ESG compliance, and sector diversification. The company plans to enter hospitality and commodities export businesses while also replacing all ageing equipment by December 2025.
Group Managing Director, Mr. Olumuyiwa Olumekun, noted key strategic developments:
Launch of NAHCO Export Packaging and Processing Centre in Lagos — the first of its kind in Nigeria.
Recertification of operational stations in Lagos, Abuja, and Kano.
Ongoing re-fleeting of handling equipment to enhance service reliability.
“This export centre positions Nigerian goods for global competitiveness, especially in agro-commodities. It also opens new revenue streams for the group,” Olumekun added.
- He emphasized the company’s four core strategic pillars going forward:
Equipment Upgrade
Full Digitisation
Environmental, Social, and Governance (ESG) compliance
Business Diversification
With robust financials, an expanding market footprint, and a clear strategic direction, NAHCO is emerging as a model of operational excellence in Nigeria’s non-oil economy.
Olumekun thanked stakeholders for their unwavering support and assured investors of stronger returns, reiterating the company’s commitment to transparency, innovation, and global competitiveness.
The company’s 2024 dividend of ₦5.94 per share, up 134% from the previous year, reflects its commitment to shareholder value — a trend likely to continue if current growth rates persist.