Introduction
Shareholders of the Nigerian Aviation Handling Company (NAHCO) Plc have approved a total cash dividend of N12.18 billion and the distribution of 278.44 million bonus shares for the 2025 financial year.
The approval was given at the company’s Annual General Meeting (AGM), following strong financial performance and sustained growth across key indicators.
Dividend and Bonus Share Breakdown
Under the approved resolution:
- Total cash dividend: N12.18 billion
- Dividend per share: N6.25 (up from N5.94 in the previous year)
- Bonus shares: 278.44 million ordinary shares
- Ratio: One bonus share for every seven shares held
The bonus issue will increase shareholders’ holdings by approximately 14.3%, strengthening investor value.
Strong Financial Performance
NAHCO recorded significant growth in its 2025 financial year, driven by operational efficiency and increased business activity.
Key highlights include:
- Revenue rose by over 20% to N65.21 billion
- Profit before tax increased by about 30% to N24.26 billion
- Profit after tax grew by nearly 40% to N18.0 billion
- Earnings per share improved by 40% to N9.24
The company also reported stronger balance sheet performance, with total assets and shareholders’ funds recording notable growth.
Management and Shareholders’ Confidence
Chairman of NAHCO, Dr. Seinde Fadeni, stated that the company’s performance reflects its commitment to delivering consistent value to shareholders through disciplined management and operational excellence.
He noted that despite economic challenges, NAHCO has continued to achieve double-digit growth and sustain strong dividend payouts.
Group Managing Director, Mr. Olumuyiwa Olumekun, attributed the results to operational efficiency, equipment upgrades, and ongoing investments in infrastructure and logistics capacity.
Future Outlook
NAHCO said it will continue investing in expansion projects, equipment modernization, and digital transformation to maintain its leadership position in aviation handling and logistics across West Africa.
The company reaffirmed its commitment to sustaining growth and improving returns for shareholders in the coming years.
Conclusion
The approval of a N12.18 billion dividend and 278.44 million bonus shares reflects NAHCO’s strong financial position and continued focus on rewarding shareholders while expanding its operational capacity.
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