LAGOS, Nigeria — Shares of Nigerian Aviation Handling Company (NAHCO) Plc have risen 124.07% in the first four months of 2026, making it one of the top-performing stocks on the Nigerian Exchange (NGX) and more than doubling the value of investor holdings since the start of the year.
Okay News reports that the rally significantly outpaced the market’s average year-to-date return of 45.05%, with a N100,000 (approximately $65) portfolio at the start of the year now worth approximately N224,070 (approximately $146), and a N1 million (approximately $650) investment rising to approximately N2.24 million (approximately $1,456).
The price appreciation followed the release of NAHCO’s audited financial statements for the year ended December 31, 2025, which showed revenue rising 21.8% to N65.21 billion (approximately $42.4 million) from N53.54 billion (approximately $34.8 million) in 2024. Gross profit increased to N38.61 billion from N33.08 billion, and operating profit grew 25% to N24.84 billion.
Profit before tax rose 30% to N24.26 billion from N18.70 billion, while profit after tax increased 39.91% to N18.00 billion from N12.87 billion. Earnings per share climbed to N9.24 from N6.60.
Total assets grew to N53.88 billion from N46.95 billion, and shareholders’ funds rose 32% to N26.50 billion. Operating profit margin improved to 38.09% from 37.06%, while return on total assets stood at 45.02%.
Chairman Seinde Fadeni said the performance reflected revenue growth and cost control. “Our operational excellence continues to show in every financial result. In 2025, NAHCO recorded impressive growths across key performance indicators, combining a strong push for market share with disciplined cost management. The resultant effect is double-digit growths in revenues and profitability,” Fadeni said.
Group Managing Director Olumuyiwa Olumekun said the company expanded market share while improving efficiency. “Despite the inflationary environment and challenges in the operating economy, our operating profit margin improved from 37.05% in 2024 to 38.08% in 2025. We remain focused in sustaining this, while exploring emerging opportunities,” Olumekun said.
The board proposed a total dividend payout of N12.18 billion (approximately $7.9 million) for the 2025 financial year, up from N11.58 billion (approximately $7.5 million) in 2024, with shareholders to receive N6.25 per share compared with N5.94 in the prior year. The board also recommended a bonus issue of one ordinary share for every seven shares held, increasing shareholder holdings by approximately 14.3%.
NAHCO’s free float stands at an estimated 56.68%, with more than 1.1 billion shares held by individual investors. The company’s share price rose from N46.05 in 2024 to N108 in 2025 before the current year’s rally.
 Plc have risen 124.07% in the first four months of 2026, making it one of the top-performing stocks on the Nigerian Exchange (NGX) and more than doubling the value of investor holdings since the start of the year.){kind=link}