NAHCO reports strong H1 profit growth and higher dividends
NAHCO Plc has reported a significant rise in profit, continuing its upward trend in the aviation handling sector. The company’s six-month financial report highlighted improvements in revenue, operating profit, and net profit. Seinde Fadeni and Olumuyiwa Olumekun credited strategic investments and operational efficiency for the results. Shareholders also benefited from increased dividends and bonus shares.
TLDR
- NAHCO’s profit before tax rose by 21.8 per cent to N14.37bn in H1 2026, up from N11.79bn in H1 2025.
- Gross revenue increased to N35.36bn in H1 2026 compared to N32.33bn in H1 2025.
- Shareholders approved a combined dividend of cash and bonus shares at the Annual General Meeting in May.
- The company’s outstanding paid-up shares increased from 1.95 billion to 2.23 billion ordinary shares due to bonus shares for the 2025 business year.
- Seinde Fadeni and Olumuyiwa Olumekun emphasized ongoing investments in assets, automation, and human capital as key to NAHCO’s sustained growth.
