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NAHCO income hits N55.64bn in 9 months, revenue up 18%

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Nigerian Aviation Handling Company (NAHCO) Plc grew income by 16.51 per cent to N55.64 billion within the 9 months ended September 30, 2026, from N47.76 billion a yr earlier.

Interim outcomes filed on the Nigerian Exchange confirmed working revenue rose 19.5 per cent to N21.66 billion, whereas pre-tax revenue climbed 18.39 per cent to N21.24 billion. Net revenue elevated to N16.04 billion from N13.46 billion, lifting earnings per share to N7.20 from N6.04.

Gross revenue rose 8.5 per cent to N28.17 billion, although gross margin slipped to 50.63 per cent from 54.38 per cent amid inflation.

Finance prices fell to N1.26 billion from N1.57 billion, however finance revenue dropped to N834 million from N1.37 billion.

Cargo dealing with grew about 31 per cent, reflecting increased commerce and e-commerce volumes. Revenue from free zone, transhipment, logistics, ticketing and lounge companies rose 47.17 per cent to N2.91 billion.

Total belongings rose to N58.85 billion from N55.12 billion in December 2025, whereas shareholders’ funds elevated to N29.86 billion from N26 billion. Dividend cowl improved to 1.15 occasions from 0.97 occasions.

Chairman Dr Seinde Fadeni mentioned: “We are confident about the outlook for the aviation industry and our business. We remain focused on our strategic plan on sustainability and diversification.”

Group Managing Director Olumuyiwa Olumekun mentioned: “Our performance highlights the quality of service and facilities that NAHCO has come to be known for.”

He attributed the expansion to enhancements throughout plane dealing with and cargo operations, supported by decrease administrative bills and finance prices.

is an emerging journalism talent at NOP News Nigeria, bringing fresh energy and dedication to the media landscape. Inspired by global icons Christiane Amanpour and Richard Quest, she combines rigorous reporting with a commitment to journalistic excellence.

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