The Nigerian Aviation Handling Company (NAHCO) Plc says it is strengthening its diversification strategy with new investments in the hospitality sector and expanded operations in commodity logistics, building on its impressive N32.33 billion half-year 2025 revenue.
According to its unaudited financials for the period ended June 30, 2025, the company posted a 102% year-on-year revenue growth, up from N16 billion in H1 2024. Profit after tax rose by 167% to N8.88 billion, driven by improved cost efficiency and disciplined strategy execution.
Chairman Seinde Fadeni said the results reflect deliberate efforts to broaden NAHCO's income streams while reinforcing its core aviation services. "We are executing a structured growth strategy that consolidates our ground handling leadership while building new revenue lines," he said.
Part of that diversification includes the planned construction of a hotel and increased investment in commodity export logistics to support Nigeria's non-oil export drive.
Gross profit climbed by 118% to N19.16 billion, while operating profit surged 127% to N11.64 billion. Profit before tax stood at N11.79 billion, up 148% from the previous year. Earnings per share rose from N1.71 to N4.55.
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The company also reported improved margins across the board, with gross profit margin up to 59.26%, operating margin at 36%, and pre-tax margin rising to 36.5%. Return on assets and equity rose to 20.14% and 51.09%, respectively.
These results build on NAHCO's 2024 full-year performance, which saw a 115% rise in pre-tax profit and an 88.5% jump in total revenue.
Fadeni added that investments in digital infrastructure, including the rollout of Oracle ERP and Human Capital Management systems, are enhancing operational efficiency. The company has also implemented a 50% salary increase and other incentives to boost staff morale and cohesion.
Group Managing Director, Olumuyiwa Olumekun, noted that key milestones such as the recertification of Lagos, Abuja, and Kano stations, and the commissioning of Nigeria's first Export Packaging and Processing Centre in Lagos, are part of NAHCO's transformation.
He said the company's strategic pillars include revenue growth, re-fleeting of equipment, digital transformation, and ESG integration—aimed at delivering long-term value to shareholders and the Nigerian economy.
