SAHCO Records N44.46bn Revenue As Passenger, Cargo Activities Drive Growth

Skyway Aviation Handling Company (SAHCO) Plc has recorded a revenue of N44.46 billion for the 2025 financial year, driven by increased passenger and cargo handling activities, improved operational efficiency and continued investments in aviation infrastructure.

The company disclosed the performance at its 16th Annual General Meeting, where it presented its financial results for the year ended December 31, 2025.

SAHCO reported a 54 per cent increase in revenue, rising from N28.94 billion recorded in 2024 to N44.46 billion in 2025.

The aviation ground handling company also recorded significant improvement in profitability, with Profit Before Tax (PBT) rising to about N12.01 billion, compared with N6.49 billion achieved in the previous year.

Profit After Tax (PAT) stood at approximately N9.74 billion, while earnings per share increased to N7.20 from N3.57 in 2024, reflecting improved returns for shareholders.

Speaking at the AGM, SAHCO Chairman, Dr Taiwo Afolabi, attributed the company’s performance to the strength of its business model, commitment of its workforce and focus on operational excellence, customer satisfaction and strategic expansion.

Afolabi said the results demonstrated SAHCO’s ability to withstand challenges in the operating environment while sustaining growth and creating value for shareholders.

He added that the company’s continued investments in modern Ground Support Equipment (GSE), workforce development and infrastructure expansion had contributed significantly to its improved performance.

The company’s shareholders’ equity grew to N62.21 billion, while total assets increased to N82.69 billion, supported by investments in property, plant and equipment, improved liquidity and a stronger balance sheet.

SAHCO said it would continue to strengthen its operations and pursue strategic initiatives aimed at enhancing service delivery and maintaining its position within Nigeria’s aviation ground handling sector.