Handling Company’s Shareholders Approve N12.18bn Dividend, 278.44m Bonus Shares

Shareholders of Nigerian Aviation Handling Company (NAHCO) Plc have approved the payment of N12.18 billion in cash dividends and the distribution of 278.44 million ordinary shares of 50 kobo each as bonus shares for the 2025 business year.

They also commended the board and management of the ground handling group for impressive performance and sustained improvements in shareholders’ returns.

The shareholders stated this at the company’s annual general meeting held over the weekend in Lagos.

Shareholders received a dividend per share of N6.25 for the 2025 business year compared with N5.94 paid for the previous year. Also, with the bonus issue of one ordinary share of 50 kobo each for every seven ordinary shares held.

President, Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Dr Faruk Umar said the fundamental performance of the company has given shareholders hope for continuous improvement in dividends.

He said investors’ confidence in NAHCO is reflective of the operational results of the company, which have continued to improve every year.

Founding national coordinator, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu said NAHCO has endeared itself to shareholders with its performance and dividends to shareholders.

He said the steady rally of the company’s share price was because shareholders want more of the NAHCO’s shares while existing shareholders hardly want to sell such a highly rewarding investment.

Speaking to shareholders, the chairman of NAHCO, Dr Seinde Fadeni, said NAHCO has been positioned to take advantage of emerging opportunities in the aviation sector.

According to him, the reforms in the aviation sector and the overall economy hold positive prospects for aviation industry growth, and NAHCO would continue to explore ways to maintain its position as the leading aviation handling group.

He pointed out that NAHCO has remained strong, strategic and focused as it implemented initiatives that enabled it to remain on top of the industry.

He pointed out that in line with global best practice, NAHCO has adopted an operational framework that builds sustainability into its policies and operations.

Fadeni outlined that NAHCO would continue implementation of strategic initiatives aimed at driving sustained growth and returns to all stakeholders, including the equipment re-fleeting programme which had seen the addition of more than 300 ground support equipment to the company’s fleet.

He assured that the board remains committed to translating corporate growth into improved returns to the shareholders through increased payout and sustainable management of the group.

Group managing director, NAHCO, Mr Olumuyiwa Olumekun said that the Company has not only navigated economic headwinds but has soared to new heights, reinforcing its position as West Africa’s largest aviation services and logistics group.

He pointed out that while the United States-Israel-Iran conflict represents a major disruption and global risk, and many domestic challenges persist, NAHCO would continue to leverage its efficient operating model, excellent services and built-in resilience to mitigate risks and sustain growth.

“In 2026, NAHCO will accelerate diversification, complete its digitisation projects, expand cargo facilities to capture growth in aviation logistics and continuously pursue the board’s commitment to buying new equipment.

“We aim to sustain double-digit growth, enhance shareholders’ return and lead in sustainable aviation practices,” Olumekun7 said.