The Namibia Airports Company (NAC) has reported an improved financial performance for the 2025/2026 financial year, with revenue increasing and profits more than doubling.
The company announced the results at its Annual General Meeting (AGM), covering the financial year that ended on 31 March 2026. Revenue increased by 5.5% to N$570 million, while profit after tax rose to N$23.4 million, compared to N$9.5 million in the previous financial year. Passenger numbers across its airports reached 1.13 million, while the company’s cash reserves increased to N$353.2 million.
Following the improved performance, NAC declared a dividend of N$7.8 million to its sole shareholder, the Government of Namibia. This is the first dividend the company has declared in 20 years. NAC Board Chairperson Rosalinde Nakale said the dividend reflects the progress made through the company’s transformation efforts and responsible financial management.
Chief Executive Officer Bisey /Uirab said the results show that NAC can remain profitable while continuing to invest in airport infrastructure, customer service and sustainability. Minister of Works and Transport Veikko Nekundi congratulated the board, management and employees on the company’s performance. He said the dividend would contribute towards funding public services such as hospitals, clinics, schools and roads. The minister also reaffirmed government’s commitment to supporting NAC in providing sustainable airport infrastructure and services.
Looking ahead, NAC plans to grow its revenue to N$1 billion and increase passenger numbers to 2.5 million by 2031. These targets form part of the company’s Integrated Strategic Business Plan for 2026 to 2031. The plan includes further airport infrastructure development, expanding cargo and commercial activities, introducing more digital services and improving the experience of passengers using Namibia’s airports.
NAC also plans to place greater focus on environmental and social responsibility as it works towards strengthening Namibia’s position as a regional aviation and logistics hub.
By Eileen van der Schyff
