NAHCO Declares N12.2bn Dividend and Bonus Shares

The Nigerian Aviation Handling Company Plc (NAHCO) has declared a significant combined payout of N12.2 billion in cash dividends and 278.44 million bonus shares, following a robust financial performance for the 2025 business year. The board of directors recommended a cash dividend of N12.18 billion, an increase from N11.58 billion paid in 2024, translating to a dividend per share of N6.25 for 2025 compared to N5.94 the previous year.

The bonus shares will be issued at 50 kobo for every seven shares held, increasing shareholders' holdings by approximately 14.3 percent. The qualification date for the dividend and bonus shares is May 1, 2026, with cash dividend payments scheduled for May 15, 2026, subject to shareholder approval at the annual general meeting.

NAHCO's revenue rose by 21.8 percent to N65.21 billion in 2025, with gross profit growing to N38.61 billion. The chairman, Seind Fadeni, and group managing director, Olumuyiwa Olumekun, attributed the performance to operational efficiency and strategic investments.