Shareholders of Nigerian Aviation Handling Company Plc (NAHCO) have approved a total payout of about N21.18 billion, comprising cash dividends and bonus shares, following a strong 2025 financial performance that cemented the company’s position among the Nigerian Exchange’s top-performing stocks.
At its 45th Annual General Meeting, held electronically on May 15, shareholders approved a dividend of N6.25 per share, amounting to N12.18 billion for the 2025 financial year.
The company also approved the issuance of 278.4 million bonus shares to shareholders on the basis of one new share for every seven shares held, after increasing its share capital from N974.53 million to N1.11 billion.
Based on the company’s market valuation and the approved bonus structure, the combined shareholder reward package is estimated at N21.18 billion, underscoring NAHCO’s aggressive capital return strategy amid improving earnings and rising investor confidence.
The bullish sentiment around the aviation handling and logistics company has been largely driven by its strong operational performance. NAHCO’s audited results for the year ended December 31, 2025, showed that profit before tax rose by 30 percent to N24.26 billion from N18.70 billion recorded in 2024.
Net profit climbed by 39.9 percent to N17.99 billion in 2025 from N12.87 billion a year earlier, while earnings per share increased by 40 percent to N9.24 from N6.60.
The company’s revenue also expanded by 21.8 percent from N53.54 billion in 2024 to N65.21 billion in 2025, reflecting stronger demand across its aviation handling and cargo logistics operations.
Gross profit rose to N38.61 billion from N33.08 billion, while operating profit increased by 25 percent to N24.84 billion from N19.84 billion in the previous year.
A trading report on the Nigerian Exchange Limited showed that NAHCO’s shares have remained among the stock market’s best performers following the release of its latest audited accounts, as investors reacted positively to the company’s earnings growth and shareholder-friendly payout.
Industry analysts said the company’s sustained earnings growth, combined with its dividend and bonus share issuance, could further strengthen investor appetite for aviation and logistics stocks at a time when Nigeria’s capital market is witnessing renewed interest in fundamentally strong companies.
At the AGM, shareholders also approved the re-election of Abdulhamid Aliyu, Victor Abimbola Olaiya, and Adebisi Oluwayemisi Bakare as directors, while PricewaterhouseCoopers was appointed as external auditor for the 2026 financial year.