Kayode Tokede

Nigerian Aviation Handling Company (NAHCO) Plc sustained impressive growth trajectory in first half 2026 with 22 per cent growth in profit as recent strategic investments and corporate management initiatives continued to strengthen overall performance outlook.

NAHCO’s six-month report for the period ended June 30, 2026 released at the Nigerian Exchange (NGX) showed that the West Africa’s leading aviation handling and logistics group continued to benefit from increasingly efficient operations and diversified income sources, thus moderating the negative effects of adverse operating conditions on the group’s overall performance.

The report showed that gross revenue rose to N35.36 billion in first half 2026 compared with N32.33 billion in first half 2025. Operating profit grew by 25.4 per cent from N11.637 billion in first half 2025 to N14.593 billion in first half 2026.

Profit before tax improved by 21.8 per cent to N14.37 billion in first half 2026 as against N11.79 billion in comparable period of 2025. After taxes, net profit rose by 22.2 per cent from N8.88 billion to N10.85 billion. With this, adjusted basic earnings per share improved from N4.55 in first half 2025 to N4.87 in first half 2026, providing enough headroom for cash dividend despite increase in outstanding shares due to bonus shares distributed for the 2025 business year.

Shareholders of NAHCO had at their annual general meeting in May, approved combined dividend of cash and bonus shares. The company increased cash dividend to N12.18 billion for the 2025 business year as against N11.58 billion paid for the 2024 business year. Shareholders received a dividend per share of N6.25 for the 2025 business year compared with N5.94 paid for the previous year.

Shareholders also received one ordinary share of…