NAHCO Reports 18.39% Profit Increase for 2026

Nigerian Aviation Handling Company Plc (NAHCO) announced its unaudited financial results for the nine months ending September 30, 2026, showing a pre-tax profit of N21.24 billion, an 18.39% rise from N17.94 billion in the same period of 2025. Revenue increased by 16.51% to N55.64 billion from N47.76 billion, resulting in a profit after tax of N16.04 billion, up 19.21% from N13.46 billion.

Earnings per share rose to 720 kobo from 604 kobo. In Q3 2026, pre-tax profit grew by 11.76% to N6.87 billion, supported by increased revenue from aviation handling and related services.

The growth was attributed to higher revenues from aircraft handling, cargo operations, agricultural produce, and logistics services, alongside reduced administrative expenses and finance costs. However, gross profit grew at a slower rate of 8.49% to N28.17 billion due to rising direct operating costs.

Total assets increased by 6.77% to N58.85 billion, while net cash from operating activities fell by 11.29% to N14.90 billion.