NAHCO Reports 22% Profit Growth to N10.85bn in H1 2026
The Nigerian Aviation Handling Company Plc (NAHCO) achieved a 22% increase in net profit, reaching N10.85 billion for the first half of 2026, compared to N8.88 billion in H1 2025. The financial report, released on the Nigerian Exchange Limited, indicated that gross revenue rose to N35.36 billion from N32.33 billion year-on-year.
Operating profit grew by 25.4% to N14.59 billion, and profit before tax improved by 21.8% to N14.37 billion. The adjusted basic earnings per share increased from N4.55 to N4.87.
Shareholders approved a cash dividend of N12.18 billion for the 2025 business year, up from N11.58 billion in 2024, with a dividend per share of N6.25. NAHCO's Chairman, Seinde Fadeni, emphasized the resilience of the company's operations and the benefits of investments in critical assets.
Group Managing Director, Olumuyiwa Olumekun, noted the company's efficient operations and strategic focus on growth and sustainability as key to its performance.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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