Afcom Holdings Achieves Record Transshipment Volume at Velana International Airport
Afcom Holdings Limited set a new record for transshipment cargo volume at Velana International Airport (MLE) in the Maldives in July 2025. The company has become the top contributor to MLE's monthly transshipment volumes, aligning with the airport's goal to become a key air transshipment hub in the Indian Ocean aviation corridor. Afcom operates two Boeing 737-800 BCF aircraft and is expanding its regional network. The company's financial performance reflects this success, with significant year-over-year growth in Q1 FY26, including a 198.10% increase in total income and a 4,255.50% increase in net profit.
11Aug 25
AFCOM Holdings Soars with 198% Revenue Growth in Q1, Joins IATA Clearing House
Afcom Holdings, a leading air cargo solutions company, reported outstanding Q1 FY26 results. Total income increased by 198.10% to ₹11,889.00 lakhs, EBITDA grew by 2,401.80% to ₹3,664.70 lakhs, and net profit surged by 4,255.50% to ₹2,707.00 lakhs. The company gained IATA Clearing House membership, launched a new route to Hanoi, and maintained 84% network utilization. Afcom Holdings operates two Boeing 737-800 BCF aircraft and plans further expansion in fleet, international coverage, and technology enhancements.
06Aug 25
AFCOM Holdings Reports Stellar Q1 Results with 43-Fold Surge in Net Profit
Afcom Holdings has reported outstanding Q1 financial results. Revenue soared 198% to ₹11,888.90 crore, while net profit surged 4,255% to ₹2,706.96 crore compared to the same quarter last year. EPS increased to ₹10.89 from ₹0.34. The company's dry lease operations, started in December 2024, significantly contributed to this performance. Total assets grew to ₹31,393.38 crore, and cash position improved to ₹561.13 crore. The board approved these unaudited results on August 6, demonstrating the company's commitment to transparency despite being listed on the SME Platform.
18Jul 25
AFCOM Holdings Expands Asian Footprint with Vietnam Operations and Viet Jet Partnership
AFCOM Holdings Limited is expanding its air cargo operations in Asia. The company has launched a new international cargo route to Hanoi, Vietnam, effective July 2, 2025. AFCOM has also signed an interline agreement with Viet Jet, aiming to provide seamless cargo connectivity between India, South Korea, Taiwan, and Hong Kong via Vietnam. This strategic move is expected to enhance regional connectivity and strengthen AFCOM's presence in key Asian markets. The company reported strong financial results for fiscal year 2025, with a total income of ₹24,254.16 lakhs.
13Mar 25
AFCOM Holdings Bolsters Board with Industry Veterans for Global Expansion
AFCOM Holdings Limited (BSE: 544224) has appointed two industry veterans as Independent Directors. Mr. Sudhir Laxmikant Deoras, with over 40 years of leadership experience in the Tata Group, and Ms. Arundhati Mech, a banking regulation expert with 35 years at the Reserve Bank of India, join the board. Both are appointed for a two-year term starting March 13, 2025. This strategic move aims to enhance corporate governance and support the company's global expansion efforts.