Shareholders of Nigerian Aviation Handling Company Plc will receive a total dividend payout of N12.18 billion for the 2025 financial year, alongside a bonus issue of shares, following improved earnings performance.
The company’s board proposed a dividend of N6.25 per share, up from N5.94 paid in the previous year, and a bonus of one new ordinary share for every seven shares held. The qualification date for both the cash and scrip dividends is May 1, 2026, while payment is scheduled for May 15, 2026, subject to approval at the annual general meeting.
The proposed payout comes as the aviation handling firm recorded double-digit growth across key financial indicators. Profit after tax rose by 39.91 per cent to N17.999 billion in 2025 from N12.865 billion in 2024, while profit before tax increased by 30 per cent to N24.256 billion.
Revenue grew by 21.8 per cent to N65.21 billion from N53.54 billion, with operating profit rising by 25 per cent to N24.84 billion. Gross profit also increased to N38.61 billion from N33.08 billion in the previous year.
Earnings per share climbed to N9.24 from N6.60, reflecting improved profitability, while total assets expanded to N53.88 billion from N46.95 billion. Shareholders’ funds rose by 32 per cent to N26.497 billion.
Chairman of the company, Dr Seinde Fadeni, said the performance supported the higher payout to shareholders.
“Our operational excellence continues to show in every financial results. In 2025, NAHCO recorded impressive growths across key performance indicators, combining a strong push for market share with disciplined cost management. The resultant effect is double-digit growths in revenues and profitability,” he said.
He added that the company’s dividend cover improved to 1.56 times in 2025 from 1.11 times in 2024.
“We are committed to translating corporate growth to improved returns to our shareholders, through increased payout and sustainable management of the group. It’s important to note that beyond dividend payout, the value the company has built for its shareholders is seen in investors’ perception and valuation of its shares, which has remained one of the all-time best performers at the Nigerian stock market,” Fadeni said.
Group Managing Director, Olumuyiwa Olumekun, attributed the performance to operational efficiency and expansion efforts.
“We are not only driving sales and expanding market share, we are doing that with extremely impressive efficiency. Despite the inflationary environment and challenges in the operating economy, our operating profit margin improved from 37.05 per cent in 2024 to 38.08 per cent in 2025. We remain focused in sustaining this, while exploring emerging opportunities,” he said.
He added that ongoing investments in equipment, warehouses and processing capacity are expected to support future growth.
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