NAHCO Grows Pre-tax Profit 22% To N14.4bn In H1

Nigerian Aviation Handling Company (NAHCO) Plc has declared profit before tax growth of 22 per cent growth to N14.4 billion as strategic investments and corporate management initiatives continued to strengthen overall performance outlook.

NAHCO’s six-month report for the period ended June 30, 2026 released at the Nigerian Exchange (NGX) showed that the Group continued to benefit from increasingly efficient operations and diversified income sources, thus moderating the negative effects of adverse operating conditions on the group’s overall performance.

The report showed that gross revenue rose to N35.36 billion in first half 2026 compared with N32.33 billion in first half 2025. Operating profit grew by 25.4 per cent from N11.637 billion in first half 2025 to N14.593 billion in first half 2026.

Profit before tax improved by 21.8 per cent to N14.37 billion in first half 2026 as against N11.79 billion in comparable period of 2025. After taxes, net profit rose by 22.2 per cent from N8.88 billion to N10.85 billion. With this, adjusted basic earnings per share improved from N4.55 in first half 2025 to N4.87 in first half 2026.

Chairman, NAHCO, Dr Seinde Fadeni, said the first half 2026 performance shows the resilience of the group’s operating structure and continuing benefits from investments in critical assets.

He said NAHCO has remained proactive and continue to explore ways to maintain its position as the leading aviation handling group.

He said investments in world-class warehouses, ground handling equipment, human capital and other areas have strengthened the capability of the group to adapt to macroeconomic changes while simultaneously converting emerging growth opportunities.

“We remain confident that we are in stronger position to continue to maintain our leadership position through excellent services to our stakeholders.

“As Nigerian aviation industry opens up further to global opportunities, NAHCO’s strategic focus on growth, diversification and sustainability would ensure stronger performance and returns to our shareholders,” Fadeni said.

Group managing director, NAHCO, Mr Olumuyiwa Olumekun said that NAHCO has continued to leverage its efficient operating model, excellent services and built-in resilience to mitigate risks and sustain growth.

He said the first half 2026 performance underlines management’s focus on quality expansion, ensuring that growth is not only reflected in size of operations but the quality of returns to shareholders.

“We are focused on our strategy of diversification, operational excellence and quality growth. We continue to invest in automation and human technical capabilities while expanding our nationwide storage and warehousing facilities,” Olumekun said.

The first half 2026 performance showed that NAHCO could again surpass its 2025 results, which had earned it shareholders’ commendations and made it one of the most sought-after stocks at the stock market.