Nigerian Aviation Handling Company Plc (NGX:NAHCO)

NGX:NAHCO Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	69,872	53,543	28,400	16,708	10,233	7,126
Revenue Growth (YoY)	106.03%	88.53%	69.98%	63.28%	43.59%	-28.71%
Cost of Revenue	26,426	20,460	13,397	9,157	6,919	4,846
Gross Profit	43,446	33,083	15,003	7,551	3,314	2,280
Selling, General & Admin	14,943	11,798	6,099	3,440	2,348	2,216
Other Operating Expenses	-642.62	-746.14	-245.59	-313.9	-182.18	-346.96
Operating Expenses	15,077	11,657	6,642	3,551	2,324	2,043
Operating Income	28,369	21,426	8,360	4,000	989.4	236.69
Interest Expense	-1,966	-1,282	-202.04	-177.39	-187.1	-196.48
Interest & Investment Income	1,368	145.98	19.99	79.72	59.33	86.65
Currency Exchange Gain (Loss)	-1,817	-1,377	509.33	-112.76	22.57	156.18
Other Non Operating Income (Expenses)	3.42	-	-	-0.36	-6.99	-13.51
EBT Excluding Unusual Items	25,957	18,913	8,688	3,789	877.22	269.54
Gain (Loss) on Sale of Investments	9.09	9.09	-8.57	16.5	-15.69	13.61
Gain (Loss) on Sale of Assets	-215.72	-215.72	-	37.05	63.33	2.06
Asset Writedown	-4.02	-4.02	-	-	-	-
Other Unusual Items	-	-	-	-	-	76.07
Pretax Income	25,746	18,702	8,679	3,842	924.86	361.28
Income Tax Expense	7,337	5,837	3,139	1,169	153.24	59.15
Earnings From Continuing Operations	18,410	12,865	5,540	2,674	771.62	302.13
Minority Interest in Earnings	-12.85	-	-	-15.59	-28.43	-10.63
Net Income	18,397	12,865	5,540	2,658	743.19	291.5
Net Income to Common	18,397	12,865	5,540	2,658	743.19	291.5
Net Income Growth	180.90%	132.22%	108.41%	257.67%	154.95%	-58.96%
Shares Outstanding (Basic)	1,949	1,949	1,949	1,949	1,949	1,949
Shares Outstanding (Diluted)	1,949	1,949	1,949	1,949	1,949	1,949
EPS (Basic)	9.44	6.60	2.84	1.36	0.38	0.15
EPS (Diluted)	9.44	6.60	2.84	1.36	0.38	0.15
EPS Growth	180.90%	132.22%	108.41%	257.67%	154.95%	-58.96%
Free Cash Flow	-	5,156	3,438	373.77	1,272	432.25
Free Cash Flow Per Share	-	2.65	1.76	0.19	0.65	0.22
Dividend Per Share	5.940	5.940	2.540	1.200	0.342	0.104
Dividend Growth	133.86%	133.86%	111.67%	251.19%	227.93%	-58.32%
Gross Margin	62.18%	61.79%	52.83%	45.19%	32.38%	32.00%
Operating Margin	40.60%	40.02%	29.44%	23.94%	9.67%	3.32%
Profit Margin	26.33%	24.03%	19.51%	15.91%	7.26%	4.09%
Free Cash Flow Margin	-	9.63%	12.11%	2.24%	12.43%	6.07%
EBITDA	29,998	22,685	9,317	4,921	1,981	1,142
EBITDA Margin	42.93%	42.37%	32.81%	29.45%	19.36%	16.03%
D&A For EBITDA	1,629	1,259	956.97	920.96	991.94	905.39
EBIT	28,369	21,426	8,360	4,000	989.4	236.69
EBIT Margin	40.60%	40.02%	29.44%	23.94%	9.67%	3.32%
Effective Tax Rate	28.50%	31.21%	36.17%	30.41%	16.57%	16.37%
Advertising Expenses	-	7.32	-	9.95	6.61	13.04

Source: S&P Global Market Intelligence. Standard template. Financial Sources.