NAHCO Approves N12.18B Dividend and Bonus Shares

During the annual general meeting held in Lagos, shareholders of the Nigerian Aviation Handling Company (NAHCO) approved a N12.18 billion cash dividend and the issuance of 278.44 million bonus shares. The N12.18 billion gross cash dividend for the 2025 business year represents an increase from the N11.58 billion paid in the 2024 business year, marking the fifth consecutive year of increased payouts.

Shareholders will receive a dividend of N6.25 per share, compared to N5.94 in the previous year, with a bonus of 50 kobo for every seven ordinary shares held. This results in a 14.3% increase in total shares for shareholders, who will now hold 1,143 shares for every 1,000 shares previously held.

NAHCO's strong financial performance is reflected in its revenue growth, with total revenue rising by 21.8% to N65.21 billion in 2025. The company’s operational profit increased by 25% to N24.84 billion, and profit after tax jumped 30% to N24.256 billion.