Chamwe Kaira
The Namibia Airports Company Limited (NAC) recorded revenue growth of 6% in the 2024/25 financial year as passenger volumes continued to recover.
For the year ended 31 March 2025, NAC’s revenue increased by 6% to N$540 million. The company said the growth was driven by improved passenger numbers and a return to normal operations after the Covid-19 pandemic. Aeronautical revenue also increased by 6%, supported by route development initiatives and stronger relationships with strategic partners.
NAC chief executive officer Bisey /Uirab said the results show the company’s ability to respond to market needs while preparing for future growth.
He said NAC’s go-to-market strategy and focus on innovation helped the company stand out in the region by adding new destinations.
Operational performance remained stable during the year. NAC said it managed costs while improving capacity across its airports. People-related costs remained the largest expense category and grew above inflation due to investment in skills development.
Other operational costs were kept within control limits, despite the depreciation of the Namibian dollar and exposure to US dollar expenses.
Electricity costs declined during the year as solar power generation increased. NAC said this forms part of efforts to manage costs while maintaining operations and staff morale.
Board chairperson Dr Leake Hangala said the financial year was marked by high inflation, currency changes and political uncertainty, which affected domestic investment.
Despite this, he said business activity increased as airlines reviewed their routes to Namibia and positioned the country as a destination for leisure and business travel.
Hangala said demand from oil companies and exploration firms also increased, leading to higher traffic volumes. NAC hosted AviaDev 2024 during the year, which supported its role in route development in Africa.
Over the past four years, NAC has recorded growth following the impact of the Covid-19 pandemic. The board first focused on stabilising operations before moving to improve performance, which led to a recovery in passenger numbers and financial results.
The board said governance and strategic oversight remain focused on sustaining growth through consistent execution and long-term value creation.
