Shareholders of Nigerian Aviation Handling Company, NAHCO Plc, have approved the issuance of 278.44 million bonus shares as the company moves to strengthen shareholder value and expand its operations through increased investment in digitisation and cargo infrastructure.
The approval was granted during the company’s 45th Annual General Meeting held in Lagos, where shareholders commended the board and management for sustaining strong financial performance despite prevailing economic challenges.
Under the approved arrangement, shareholders will receive one additional ordinary share for every seven shares held, increasing their holdings by about 14.3 per cent. In addition, the company declared a cash dividend of N6.25 per share for the 2025 financial year, representing a total payout of N12.18 billion and marking the fifth consecutive year of dividend growth.
Shareholder groups described the company as one of the strongest performers in the aviation and capital market sectors, citing consistent profitability, improved investor confidence, and strong market returns.
Chairman of NAHCO Plc, Dr. Seinde Fadeni, said the company remains strategically positioned to benefit from growing opportunities within the aviation industry. He disclosed that NAHCO has expanded its operational fleet with over 300 new ground support equipment to improve service delivery and maintain leadership in West Africa’s aviation handling sector.
Fadeni added that the company is also investing heavily in technology, sustainability, and staff welfare to strengthen long-term competitiveness and operational efficiency.
Group Managing Director of NAHCO, Mr. Olumuyiwa Olumekun, said the company would accelerate digitisation projects and expand cargo handling facilities in 2026 to capture emerging opportunities in aviation logistics and supply chain services.
The company’s audited financial results for 2025 showed strong growth across major indicators. Revenue rose by 21.8 per cent to N65.21 billion, while profit after tax increased by nearly 40 per cent to N18 billion. Earnings per share also grew significantly from N6.60 to N9.24.
NAHCO says it remains committed to sustaining double-digit growth, improving shareholder returns, and maintaining leadership in sustainable aviation operations across the region.
