The Namibia Airports Company (NAC) has increased its revenue by 6% to N$540 million and a profit after tax of N$9.4 million for the 2024/25 financial year. The improved financial performance has been attributed to NAC’s route development strategy, which landed additional services from South African Airways, Air Angola, FlySafair and Discover Airlines during the period under review. 

Coupled with additional flight frequencies to Hosea Kutako and Walvis Bay International airports, passenger volumes grew to 1.1 million during the reviewed year.

Moreover, under the chairmanship of Leake Hangala, the NAC once again received an unqualified audit opinion for the fourth consecutive year. Hangala expressed gratitude to government as the shareholder for their steadfast support, guidance and continued trust which was instrumental in advancing the governance and operational agenda. 

“This AGM 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.

Meanwhile, key infrastructure upgrades were implemented to increase operational efficiencies, drive down operating costs and future-proof airport infrastructure. Of particular interest is the rollout of solar panel parking facilities, which supply renewable energy to NAC airports at a lower cost and lower carbon footprint. Despite these significant investments, the NAC did not increase its fee structure for a third consecutive year.

Also, 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. 

According to a statement from NAC CEO, Bisey /Uirab, 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.

“Looking forward, new services operated by Edelweiss and Proflight will increase connectivity to Zurich and Lusaka, in the next calendar year, respectively, ultimately driving passenger volumes and revenue growth higher. Carrier engagements with major carriers will continue to unlock new routes for both passenger and cargo,” /Uirab stated. 

He added that higher passenger volumes and diversification into cargo will require increased investments. 

In addition, over the next five years, NAC plans to 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.

NAC will also focus on finalising land transfers for new terminal buildings at Katima Mulilo, Rundu and Lüderitz airports while digitalising operations to enhance operational efficiency, improve passenger flow and strengthen airport security.

Minister of Works and Transport, Veikko Nekundi has commended the leadership and staff of NAC for their exemplary dedication and performance, acknowledging effective stewardship of the organisation and expressed confidence in NAC’s ability to build on these achievements and deliver sustainable growth. 

“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, “ Nekundi stated.