By Ada Samson, Abuja
Nigerian Aviation Handling Company (NAHCO) Plc has reported an impressive 166.7% surge in net profit to N8.88 billion for the first half of 2025 (H1’25), up from N3.33 billion recorded in the same period last year.
The stellar performance was driven by strong revenue growth across its operations.
According to the interim financial statements released at the Nigerian Exchange (NGX), the aviation handling giant more than doubled its group revenue by 102.06% to N32.33 billion in H1’25 compared to N16.0 billion in H1’24.
The company’s gross profit grew by 117.73% to N19.16 billion from N8.80 billion, while operating profit jumped 126.9% to N11.64 billion from N5.13 billion in the comparable period.
The company’s improved cost management contributed to a 148.21% leap in pre-tax profit, which rose to N11.79 billion from N4.75 billion in H1’24. Earnings per share (EPS) followed the upward trend, increasing from N1.71 to N4.55.
Key profitability ratios showed significant improvement, with gross profit margin rising from 55% to 59.26%, operating profit margin increasing from 32.06% to 36.0%, and pre-tax profit margin improving from 29.7% to 36.5%. Return on total assets tripled from 7.09% to 20.14%, while return on equity surged to 51.09% from 16.59%.
The strong H1’25 performance builds on NAHCO’s record 2024 results, which saw the company increase its dividend payout by 134%. For the 2024 business year, NAHCO distributed N11.58 billion as cash dividends, translating to N5.94 per share, compared to N4.95 billion paid for 2023.
Dr. Seinde Fadeni, Chairman of NAHCO Plc, reiterated the company’s commitment to business diversification as part of strategies to grow group revenue above N300 billion within the next five years.
The half-year 2025 results position NAHCO to potentially surpass its 2024 full-year performance, which included a 115.4% increase in profit before tax to N18.70 billion and an 88.5% revenue growth to N53.54 billion.
The company’s continued strong performance demonstrates its market leadership in Nigeria’s aviation handling sector and its ability to deliver consistent returns to shareholders.
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