Nigerian Aviation Handling Company Approves Significant Dividend Payout
Shareholders of Nigerian Aviation Handling Company Plc (NAHCO) have approved a substantial dividend totaling approximately N21.18 billion, which includes both cash dividends and bonus shares. This decision follows the company’s impressive financial performance in 2025, reinforcing its status as one of the top-performing stocks on the Nigerian Exchange.
Dividend Distribution and Bonus Shares Issuance Confirmed
During its 45th Annual General Meeting, held electronically on May 15, shareholders ratified a dividend of 6.25 Naira per share, which equates to 12.18 billion Naira for the financial year 2025. Additionally, the issuance of 278.4 million bonus shares was approved, allowing shareholders to receive one new share for every seven shares held. This move raised the company’s capital from N974.53 million to N1.11 billion.
Valuation and Shareholder Benefits Reflect Strong Performance
With the company’s market valuation and the approved bonus structure, the estimated total value of benefits to shareholders stands at N21.18 billion. This development supports NAHCO’s aggressive strategy for capital returns, amidst a backdrop of improving earnings and rising investor confidence.
Impressive Financial Growth Drives Positive Sentiment
The optimism surrounding NAHCO, a key player in aviation handling and logistics, is primarily fueled by its robust financial results. According to the company’s audited reports for the year ending December 31, 2025, profit before tax surged by 30%, reaching N24.26 billion compared to N18.7 billion in 2024.
Net Profit and Revenue Increases Reflect Market Demand
Net profit for 2025 climbed by 39.9% to N17.99 billion, up from N12.87 billion during the same period in the previous year. Correspondingly, earnings per share rose by 40%, from N6.60 to N9.24. The company also experienced a revenue increase of 21.8%, from N53.54 billion in 2024 to N65.21 billion in 2025, confirming heightened demand for air handling and cargo logistics services.
Strong Operational Results Bolster Market Performance
NAHCO’s gross profit rose from N33.08 billion to N38.61 billion, and operating profit increased by 25%, reaching N24.84 billion from N19.84 billion the previous year. Following the release of these audited financial results, NAHCO stock has maintained its position as one of the best-performing stocks on the market, with investors reacting favorably to the company’s revenue growth and shareholder-centric dividend policy.
Future Prospects and Governance Updates
Industry analysts suggest that NAHCO’s sustained earnings growth, coupled with its bonus shares and dividend offerings, may further stimulate investor interest in aviation and logistics stocks, especially amidst a resurgence in demand for fundamentally strong companies within the Nigerian capital market. During the general meeting, shareholders also re-elected Mr. Abdulhamid Aliyu, Mr. Victor Abimbola Olaiya, and Mr. Adebisi Oluwayemisi Bakare as directors, while appointing PricewaterhouseCoopers as the independent auditor for the 2026 financial year.
