The Namibia Airports Company Limited (NAC) recently held its Annual General Meeting (AGM) for the financial year ended 31 March 2026. During the meeting, the organisation reaffirmed its commitment to strengthening financial resilience, advancing infrastructure development, and positioning Namibia as a leading aviation and logistics hub in the region. The company's financial performance for the year showed significant improvements.
NAC reported a 5.5% growth in revenue to N$570 million for the financial year. The company's profit after tax also rose to N$23.4 million, up from N$9.5 million in the previous year. Passenger traffic reached 1.13 million, indicating a strong recovery in air travel. These financial results demonstrate the organisation's ability to manage its resources effectively.
The company's cash reserves strengthened to N$353.2 million, supported by stronger operating cash flows of N$136.9 million. This improved financial position enabled NAC to declare a dividend of N$7.8 million to its sole shareholder, the government of the republic of Namibia. This marks the organisation's first dividend in 20 years, highlighting its commitment to creating value for the country.
Board chairperson, Rosalinde Nakale, attributed the dividend to the success of NAC's transformation efforts, prudent financial management, and its commitment to responsible stewardship of national assets. The organisation's leadership is focused on balancing profitability, investment, and service delivery while continuing to invest in infrastructure, customer experience, and sustainability.
Chief executive officer, Bisey /Uirab, noted that the dividend demonstrates NAC's ability to achieve its strategic objectives. The organisation remains confident that the foundations established during the financial year position it for sustainable growth. NAC maintains sufficient cash buffers to continue as a going concern, ensuring its long-term viability.
Minister of works and transport, Veikko Nekundi, commended NAC's board, leadership, and employees for their dedication. He noted that the dividend and improved performance reflect sound governance and responsible management of a strategic national asset. The government remains committed to supporting NAC in its mission to provide sustainable and world-class airport infrastructure and services.
Looking ahead, NAC will implement its Integrated Strategic Business Plan (ISBP) 2026–2031. The plan targets revenue growth to N$1 billion, passenger volumes of 2.5 million, and sustained profitability by 2031. Strategic priorities include accelerating infrastructure development, expanding commercial and cargo opportunities, and enhancing customer experience across all airports.
Key points
- NAC reports 5.5% revenue growth to N$570 million.
- The company declares a dividend of N$7.8 million to its sole shareholder.
- NAC targets revenue growth to N$1 billion by 2031.
