Aviation Handling Company Grows Profit To N18bn In Q3

Nigerian Aviation Handling Company (NAHCO) Plc has reported a growth of 46 per cent in its profit before tax for the third quarter (Q3) ended September 30, 2025.

The nine-month results of NAHCO released at the Nigerian Exchange (NGX) at the weekend showed strong growths across sales and profitability, with a 47 per cent increase in net earnings underlining the increased capacity of the leading aviation handling and logistics group to sustain improved returns to shareholders.

The report showed that total revenue rose by 40.7 per cent from N33.95 billion in third quarter 2024 to N47.76 billion in third quarter 2025, driven by renewed and new business contracts and expanding business activities across the subsidiaries. Gross profit rose by 37.1 per cent to N28.43 billion in third quarter 2025 as against N20.74 billion in third quarter 2024.

Operating profit jumped by 40.8 per cent from N12.88 billion to N18.14 billion. Profit before tax leapt by 46 per cent to N17.94 billion in the third quarter 2025 compared with N12.29 billion in third quarter 2024.

After taxes, net profit stood at N13.46 billion, representing a remarkable increase of 46.6 per cent on N9.18 billion recorded in the comparable period of 2024. Earnings per share increased simultaneously from N4.71 to N6.91, providing significant headroom for the group to sustain higher dividend payouts, even by the third quarter.

The group’s balance sheet also remained strong, with total assets rising from N46.95 billion in December 2024 to N48.64 billion by September 2025. Shareholders’ funds also increased from N20.04 billion in December 2024 to N21.92 billion in September 2025.

Chairman of NAHCO, Dr Seinde Fadeni, said the group’s third-quarter 2025 performance reflected its continuing industry leadership as the most preferred aviation logistics group and its ongoing diversification.

He said the board and management remain committed to a sustainable business model that widens activities and deepens profitability, positioning the group for better returns to all stakeholders.

According to him, the group is entirely focused on implementing its five-year strategic blueprint to drive the next phenomenal growth phase.

He assured all stakeholders that NAHCO would continue to prioritise investments in equipment, technologies and know-how to retain its leadership position in Nigeria and the entire West African region.

Group managing director, NAHCO, Mr Olumuyiwa Olumekun, said the Company has positioned itself at the growth end of the Nigerian economy with its expansive investments in export processing and warehouses across the country.

He noted that, the massive NAHCO Export Packaging and Processing Centre in Lagos was a first of its kind in Nigeria and a deliberate strategy for sustainable benefits to all stakeholders.

According to him, across its operations, NAHCO is adding value to the Nigerian economy and all stakeholders, while ensuring competitive returns to shareholders.