STAFF WRITER
Namibia Airports Company (NAC) has reported a profit after tax of N$9.4 million, alongside a 6% revenue increase to N$540 million.
In a statement released yesterday, the company attributed growth to its development strategy, which secured additional services from South African Airways, Air Angola, FlySafair, and Discover Airlines during the period under review.
NAC said higher flight frequencies to Hosea Kutako and Walvis Bay International Airports, as well as passenger volumes reaching 1.1 million, also contributed to the growth.
NAC Chief Executive Bisey Uirab said key infrastructure upgrades were implemented “to increase operational efficiencies, drive down operating costs and future-proof airport infrastructure.” He added that the rollout of solar panel parking facilities, which supply renewable energy at lower cost and with a smaller carbon footprint, also helped reduce costs.
“Despite these significant investments, the NAC did not increase its fee structure for a third consecutive year. Hosea Kutako International Airport (HKIA) and Walvis Bay International Airport secured their long-term certification for international airport operations while Andimba Toivo Ya Toivo and Eros Airports secured their long-term licenses for domestic airport operations. The re-certification processes are underway, and engagements have commenced with the Namibia Civil Aviation Authority (NCAA) to ensure NAC airports secure the appropriate certificates and licenses to operate,” the company said.
Looking ahead, NAC is preparing for new services by Edelweiss and Proflight to increase connectivity to Zurich and Lusaka. “Carrier engagements with major carriers will continue to unlock new routes for both passenger and cargo. Higher passenger volumes and diversification into cargo will require increased investments, and over the next five years, NAC will focus on sustainable infrastructure development and green energy integration across its airport portfolio, which include, amongst others, the construction of Terminal 3 at HKIA and various commercial property developments to diversify its revenue base,” the company said.
NAC also aims to finalise land transfers for new terminal buildings at Katima Mulilo, Rundu, and Lüderitz airports, digitalise operations to enhance efficiency, improve passenger flow, and strengthen airport security.
Minister of Works and Transport Veikko Nekundi praised NAC’s leadership and staff for their “exemplary dedication and performance.” He said, “The government remains committed to supporting NAC at all material times in its mission to provide sustainable and world-class airport infrastructure and services. We will continue to offer guidance, oversight, and strategic alignment to ensure the aviation sector contributes meaningfully to the interests of the Namibian Nation.”
NAC Board Chairperson Leake Hangala said the government will continue backing the company’s growth targets. “This Annual General Meeting reflects our collective commitment to ethical leadership, sound governance, transparency, accountability, and progress. We are proud of our achievements and remain focused on delivering continued value to Namibia’s people and economy,” he said.
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