NAHCO Shares Surge 46% in February 2026 Driven by Fundamentals

In February 2026, NAHCO (Nigerian Aviation Handling Company Plc) experienced a remarkable 46% increase in its share price, contributing to a year-to-date gain of 62% and a 135% return from the previous year. This surge is attributed to the company's strong fundamentals, including consistent earnings, a robust profit margin, and a healthy balance sheet.

NAHCO's net profit margin improved from 4% in 2020 to 28% in 2025, and its dividend payments have shown a compound annual growth rate of 163%. The company's total assets stand at N53.9 billion, with a solid equity base of N26.5 billion.

Additionally, NAHCO maintains a comfortable liquidity position, with current assets of N29.9 billion exceeding current liabilities of N22.7 billion. Despite the stock's rich valuation, the growth outlook remains positive, supported by a price-to-earnings growth ratio of 0.12.

The trading activity has been robust, with an average daily volume of 5 million shares over the past three months.