Nigerian Aviation Handling Company (NAHCO) Plc sustained its progress trajectory as contained in the interim report and accounts for the nine-month interval ended September 30, 2026 launched on the Nigerian Exchange (NGX).
The report confirmed that complete revenue rose by 16.51 per cent, combining with greater working margin to broaden working revenue by 19.5 per cent.
A 19.7 per cent decline in finance prices moderated 39.1 per cent drop in finance earnings, leaving pre-tax revenue greater by 18.39 per cent. After taxes, internet revenue rose by 19.2 per cent. Earnings per share consequently elevated by 19.2 per cent.
The report confirmed that complete revenue rose to N55.64 billion in third quarter 2026 as towards N47.76 billion recorded in the comparable interval of 2025. Gross revenue elevated by 8.5 per cent from N25.97 billion to N28.17 billion.
Operating revenue improved from N18.14 billion to N21.66 billion. Finance prices declined from N1.57 billion to N1.26 billion. However, finance earnings additionally dropped considerably from N1.37 billion to N834 million.
Profit earlier than tax rose to N21.24 billion in third quarter 2026 as towards N17.94 billion in the comparable interval of 2025.
After taxes, internet revenue elevated from N13.46 billion to N16.04 billion. With these, earnings per share stood at N7.20 in third quarter 2026 in contrast with N6.04 in third quarter 2025.
In an announcement, NAHCO stated the robust third quarter efficiency locations it on agency trajectory to maintain its much-applauded consecutive enhancements in dividend to shareholders over the previous 5 years.
Despite the rise in excellent shares attributable to bonus challenge for the 2025 enterprise 12 months, third quarter 2026 dividend cowl stands at 1.15 occasions as towards 0.97 occasions for a similar interval in 2025, offering sufficient headroom for the corporate to think about greater dividend payouts.
Shareholders of NAHCO had at their annual basic assembly in May 2026, accredited a mixed dividend of money and bonus shares.
The firm elevated money dividend to N12.18 billion for the 2025 enterprise 12 months as towards N11.58 billion paid for the 2024 enterprise 12 months. Shareholders acquired a dividend per share of N6.25 for the 2025 enterprise 12 months in contrast with N5.94 paid for the earlier 12 months.
Shareholders additionally acquired one peculiar share of fifty kobo every as bonus share for each seven peculiar shares held, robotically rising the variety of shares held by every shareholder by 14.3 per cent. The firm’s excellent paid up shares thus elevated from 1.949 billion peculiar shares of fifty kobo every to 2.228 billion peculiar shares of fifty kobo every.
Chairman, Nigerian Aviation Handling Company (NAHCO) Plc, Dr Seinde Fadeni, stated the third quarter 2026 efficiency demonstrated the teams management in the aviation companies business and the resilience of its enterprise technique.According to him, NAHCO has continued to take a position in human, technical and infrastructural capabilities which have sustained its management because the most-preferred and largest aviation dealing with and logistics group in West Africa.
He assured that the board stays dedicated to making sure that company progress interprets into greater returns to shareholders, who’ve continued to exhibit confidence in the board and administration of the group.
“We are assured in regards to the outlook for the aviation business and our enterprise. We stay targeted on our strategic plan on sustainability and diversification. We will proceed to discover alternatives to develop the enterprise and ship aggressive returns to our stakeholders, Fadeni stated.
Group Managing Director, Nigerian Aviation Handling Company (NAHCO) Plc, Mr Olumuyiwa Olumekun stated the third quarter 2026 efficiency confirmed the outcomes of administration’s emphasis on high quality progress, increasing the enterprise with a deal with prices and returns.
He attributed the expansion in revenue to enhancements throughout the companies, from plane dealing with, to cargo operations and associated companies, supported by decrease administrative bills and finance prices.
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