Prime Business AfricaOut of the three aviation companies listed in the Nigerian stock market, Nigerian Aviation Handling Co (NAHCO) and Skyway Aviation Handling Co. Plc were the most profitable in the first quarter (Q1) of 2025.
The three companies, including Caverton Offshore Support Group, had a combined market valuation of N147.37 billion as of January 2, according to Prime Business Africa’s analysis.
Join our WhatsApp ChannelHowever, their combined market valuation increased by N54.16 billion or 36.75 per cent within three months to N201.54 billion on March 28.
The figure could have been higher, however, a decline in Caverton Offshore’s share value slowed the growth in the combined market valuation.
Prime Business Africa gathered that Caverton Offshore’s share price fell marginally from N2.55 kobo at the start of January to N2.45 kobo per share by the end of the quarter in review.
Findings showed that this led to the company’s shareholders losing 3.92 per cent of their investment, which represents a combined loss of N335.05 million within three months.
Consequently, Caverton Offshore’s market valuation dwindled from N8.54 billion to N8.20 billion during the period in review.
Caverton Offshore’s plunge in the first quarter was not market-wide, as shareholders of Nigerian Aviation Handling Co (NAHCO) recorded the highest increase in investment value compared to its peers in the bourse.
The publication’s analysis indicated that NAHCO’s shareholders’ investment grew by 39.37 per cent between January and March, resulting in a combined gain of N36.83 billion, after an increase in demand for the company’s shares drove the cost up by N18.9 kobo.
NAHCO’s share price was N66.90 as of March 28, above the N48 it was trading at as of January 2 – this pushed the company’s market valuation up to N130.39 billion from N93.55 billion.
Also, shareholders of Skyway Aviation Handling Co. recorded similar growth, as their investment appreciated by 39.01 percent, after the logistics company’s share value rose from N33.45 kobo to N46.50 kobo.
This handed Skyway Aviation’s shareholders a combined gain of N17.66 billion within three months and lifted the company’s market valuation from N45.27 billion to N62.94 billion.
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