Shareholders of Nigerian Aviation Handling Company have urged the company’s management to take advantage of emerging opportunities in the aviation sector by bidding for the ownership and management of airport terminals slated for privatisation by the Federal Government.
The government plans to concession five major international airport terminals under a Public-Private Partnership arrangement aimed at improving infrastructure, operational efficiency, and service delivery. The process will be supervised by the Bureau of Public Enterprises in collaboration with the Ministry of Aviation and Aerospace Development.
The appeal was made during NAHCO’s 45th Annual General Meeting held in Lagos, where the President of the Association for the Advancement of Rights of Nigerian Shareholders, Dr. Farouk Umar, commended the company’s strong 2025 financial performance and encouraged it to expand its footprint across Africa.
According to Umar, NAHCO has grown into a company capable of competing beyond Nigeria due to its financial strength and technical capacity.
He also praised the company’s market performance, noting that its share price rose from about N80 to over N200 within a year, alongside a bonus issue of one share for every seven held. He added that recent deals with international airlines would further boost revenue and shareholder returns.
NAHCO Group Chairman, Dr. Seinde Fadeni, said the company’s strong 2025 results reflected a balance between market expansion and disciplined cost management.
“Our performance in 2025 demonstrates our commitment to delivering value to shareholders while maintaining operational efficiency,” he said.
Fadeni disclosed that the board recommended a dividend payout of N6.25 and a bonus issue of one for seven shares following the company’s impressive financial performance.
He assured shareholders that the company remains focused on strengthening its leadership position in existing markets while exploring new growth opportunities despite challenges such as rising fuel costs and inflation.
Group Managing Director and Chief Executive Officer, Mr. Olumuyiwa Olumekun, described NAHCO as West Africa’s largest aviation services and logistics group, highlighting its resilience and growth trajectory.
He revealed that the company’s stock recorded a 188 per cent year-on-year gain, pushing its market capitalisation above N200 billion.
Olumekun also disclosed that NAHCO has launched a five-year strategic plan aimed at growing revenue to over N300 billion through diversification and strategic partnerships.
According to him, the company has upgraded its operations by acquiring more than 271 modern ground support equipment units within the last three years to replace ageing assets with more fuel-efficient and environmentally friendly alternatives.
Another shareholder, Mr. Patrick Ajudua, praised the company’s dividend payout and growth outlook, describing them as rewarding for investors.
NAHCO’s 2025 financial performance remained a major highlight of the meeting, with revenue rising to N65.82 billion from N53.54 billion in 2024. Profit Before Tax increased to N24.28 billion, while Profit After Tax grew to N17.5 billion. Earnings per share also rose to N8.99.
During the meeting, shareholders approved the re-election of Mr. Abdulhamid Aliyu, Reverend Victor Olaiya, and Mrs. Adebisi Bakare as Non-Executive Directors.
They also approved the appointment of PricewaterhouseCoopers as the company’s external auditor, replacing Ernst & Young.
