Skyway Aviation Handling Company (SAHCO) Plc has reported a strong financial performance for the 2025 financial year, posting a Profit Before Tax (PBT) of N12.007 billion and unveiling plans to expand its operations into the United Arab Emirates (UAE) and other African markets.
The company disclosed this at its 16th Annual General Meeting, where it announced a revenue of N44.459 billion for the year ended December 31, 2025, representing a 54 per cent increase from N28.941 billion recorded in 2024.
Profit After Tax (PAT) stood at approximately N9.742 billion, while Earnings Per Share rose significantly to N7.20 from N3.57 recorded in the previous year, reflecting improved shareholder value.
SAHCO attributed the impressive performance to increased passenger and cargo handling activities, improved operational efficiency, and sustained investments in modern Ground Support Equipment (GSE), workforce development and strategic infrastructure expansion.
The company noted that revenue growth was driven by strong performance across its core operations throughout its airport network nationwide, as well as rising demand for aviation ground handling services.
Speaking at the Annual General Meeting, Chairman of SAHCO, Dr Barr. Taiwo Afolabi, said the company’s performance reflected the strength of its business model and commitment to service delivery.
“The 2025 financial performance reflects the resilience of our business model, the commitment of our workforce, and our unwavering focus on operational excellence, customer satisfaction, and strategic expansion,” he said.
He added that the results demonstrated the company’s ability to navigate a challenging operating environment while sustaining growth and delivering value to shareholders.
The company’s balance sheet also showed significant improvement, with shareholders’ equity rising to N62.21 billion, reflecting a strong financial position and long-term value creation capacity.
Total assets increased to N82.69 billion, supported by investments in property, plant and equipment, improved liquidity and overall balance sheet strength.
As part of its long-term growth strategy, Afolabi disclosed that SAHCO had developed strategic plans to expand into the UAE and other African markets.
According to him, the initiative is aimed at strengthening the company’s regional and international presence, diversifying revenue streams, leveraging opportunities within the growing aviation industry and positioning SAHCO as a leading aviation ground handling and logistics service provider across Africa and beyond.
He said the expansion drive would also support the company’s commitment to delivering sustainable value to shareholders.
SAHCO remains the only aviation ground handling company with an operational presence across all commercial airports in Nigeria, underscoring its nationwide footprint and strategic importance to the aviation industry.
The company provides passenger handling, baggage and ramp handling, cargo handling, aviation security, Skyway Premium Lounge services, crew administration and other aviation-related services.
