Kayode Tokede
Nigerian Aviation Handling Company (NAHCO) Plc sustained its progress trajectory, with double-digit growths throughout key efficiency indices in the third quarter highlighting the persevering with model desire and operation effectivity of West Africa’s main aviation dealing with and logistics group.Interim report and accounts of NAHCO for the nine-month interval ended September 30, 2026 launched on the Nigerian Exchange (NGX) confirmed that complete income rose by 16.51 per cent, combining with increased 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 increased by 18.39 per cent. After taxes, web revenue rose by 19.2 per cent. Earnings per share consequently elevated by 19.2 per cent.The report confirmed that complete income rose to N55.64 billion in third quarter 2026 as towards N47.76 billion recorded in comparable interval of 2025.
Chairman, NAHCO, Dr Seinde Fadeni, mentioned the third quarter 2026 efficiency demonstrated the group’s management in the aviation providers trade and the resilience of its enterprise technique.According to him, NAHCO has continued to make investments 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 certain that company progress interprets into larger returns to shareholders, who’ve continued to exhibit confidence in the board and administration of the group.
“We are confident about the outlook for the aviation industry and our business. We remain focused on our strategic plan on sustainability and diversification. We will continue to explore opportunities to grow the business and deliver competitive returns to our stakeholders,” Fadeni mentioned.
Group Managing Director, NAHCO, Mr Olumuyiwa Olumekun mentioned 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 income to enhancements throughout the companies, from plane dealing with, to cargo operations and associated companies, supported by decrease administrative bills and finance prices. A breakdown of the income confirmed that whereas plane dealing with stays the core, cargo dealing with grew by about 31 per cent, reflecting elevated commerce and e-commerce volumes.
“Revenue from free zone, transhipment, logistics, ticketing and lounge services jumped 47.17 per cent to N2.91 billion while equipment rental and maintenance generated N4.45 billion. “Our performance highlights the quality of service and facilities that NAHCO has come to be known for. We remain committed to sustaining this growth trajectory and in ensuring that our shareholders continue to enjoy the benefit of their investments,” Olumekun mentioned.
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. With more and more environment friendly price administration, revenue earlier than tax rose to N21.24 billion in third quarter 2026 as towards N17.94 billion in comparable interval of 2025. After taxes, web 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.The robust third quarter efficiency locations NAHCO 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 due to bonus subject for the 2025 enterprise yr, third quarter 2026 dividend cowl stands at 1.15 instances as towards 0.97 instances for similar interval in 2025, offering sufficient headroom for the corporate to think about increased dividend payouts.Shareholders of NAHCO had at their annual common assembly in May 2026, authorized mixed dividend of money and bonus shares. The firm elevated money dividend to N12.18 billion for the 2025 enterprise yr as towards N11.58 billion paid for the 2024 enterprise yr. Shareholders acquired a dividend per share of N6.25 for the 2025 enterprise yr in contrast with N5.94 paid for the earlier yr.
