The Namibia Civil Aviation Authority (NCAA) has recorded a comprehensive profit of N$52 million for the financial year ending March 2025, reflecting a strong turnaround from the N$25 million reported in the previous year.
The announcement was made when the Authority officially presented its 2024/2025 Integrated Annual Report to the Minister of Works and Transport, Veikko Nekundi.
NCAA Board Chairperson, Bethuel T. Mujetenga, said the Authority also achieved an unqualified audit opinion, underscoring sound governance and financial discipline.
“For the financial year ending March 2025, the NCAA reduced its operational loss to just N$1 million, compared to N$8 million in the previous year, while achieving a comprehensive profit of N$52 million, up from the N$25 million recorded previously,” Mujetenga said.
He added that the Authority’s total assets increased by 66% to N$1 billion, driven by prudent investments and asset transfers.
“These achievements highlight the NCAA’s firm commitment to financial stability, one of the five pillars of its ongoing Five-Year Integrated Strategic Business Plan (2023/24–2027/28),” he said.
Mujetenga said the Authority continues to invest in infrastructure upgrades to modernise Namibia’s aviation systems.
“Key initiatives include the acquisition and installation of new radar, Air Traffic Management (ATM), and Wide Area Multilateration/Automatic Dependent Surveillance Broadcast (WAM/ADS-B) systems within the Windhoek Flight Information Region,” he stated.
He thanked the Ministry of Works and Transport for its continued support and praised the NCAA’s management and staff for their professionalism and dedication to maintaining world-class aviation safety standards.
“Through sound governance, financial prudence, and unwavering commitment to safety, the NCAA remains a trusted regulator, listening, connecting, and building trust across Namibia’s skies,” Mujetenga said.
