The Namibia Civil Aviation Authority (NCAA) has reported improved financial performance for the 2024/25 financial year.
The authority presented its 2024/25 integrated annual report to minister of works and transport Veikko Nekundi on Friday.
The chairperson of the NCAA board, Bethuel Mujetenga, said the authority received an unqualified audit opinion for the year.
“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 NCAA’s total assets increased by 66% to N$1 billion, driven by investments and asset transfers.
The performance, he noted, aligns with the NCAA’s five-year integrated strategic business plan, which focuses on financial stability, safety and security oversight, optimisation of air navigation services, customer engagement, and organisational transformation.
The NCAA is continuing major infrastructure and capital projects to modernise Namibia’s aviation systems.
These include the acquisition and installation of new radar, air traffic management, and wide-area multilateration/automatic dependent surveillance broadcast systems within the Windhoek flight information region. – Nampa
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