Chamwe Kaira
The Namibia Airports Company (NAC) recorded a profit after tax of N$9.4 million, driven by its route development strategy that attracted new services from South African Airways, Air Angola, FlySafair, and Discover Airlines.
Increased flight frequencies to Hosea Kutako and Walvis Bay International Airports lifted total passenger numbers to 1.1 million in the 2024/2025 financial year.
NAC also reported a 6% rise in revenue to N$540 million and received an unqualified audit opinion for the fourth consecutive year.
The results were presented during NAC’s annual general meeting (AGM), chaired by the Minister of Works and Transport, Veikko Nekundi.
The AGM was attended by the NAC board, chief executive officer Bisey /Uirab, senior management and officials from the ministry.
NAC said several infrastructure upgrades were completed to improve operational efficiency and sustainability.
These included solar panel parking facilities that supply renewable energy to airports, reducing costs and emissions. Despite investing in upgrades, NAC maintained its fee structure for the third consecutive year.
Hosea Kutako and Walvis Bay International Airports received long-term certification for international operations, while Andimba Toivo Ya Toivo and Eros Airports obtained domestic licenses.
NAC is working with the Namibia Civil Aviation Authority to complete recertification for all airports under its management.
The company expects further growth next year, with Edelweiss and Proflight set to launch new services to Zurich and Lusaka.
Over the next five years, NAC aims to expand sustainable infrastructure and integrate green energy.
Plans include building Terminal 3 at Hosea Kutako International Airport and finalising land transfers for new terminals at Katima Mulilo, Rundu, and Lüderitz airports.
NAC also plans to accelerate digitalisation to improve efficiency, passenger experience and security.
Nekundi reaffirmed government’s support for NAC’s mission to provide world-class airport infrastructure.
“The government remains committed to supporting NAC in providing 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 Namibian nation,” he said.
Board chairperson Leake Hangala thanked shareholders for their continued confidence in the company, describing the AGM as a reflection of “ethical leadership, sound governance, transparency, accountability, and progress.”
Caption
The Namibia Airports Company hosted its AGM chaired by Minister of Works and Transport Veikko Nekundi.
- Photo: NAC
