By ebosele@hotmail.com –
Skyway Aviation Handling Company (SAHCO) Plc has reported a Profit After Tax (PAT) of N9.742 billion for the financial year ended December 31, 2025, representing a significant improvement in profitability driven by strong growth in its core aviation ground handling operations.
City Business News reports that the performance was outlined at the company’s 16th Annual General Meeting (AGM), where shareholders were informed of sustained growth across key financial indicators despite operating in a challenging business environment.
According to a statement issued by the Head of Corporate Communications, SAHCO, Mrs. Adetola Vanessa Uansohia, the company’s PAT rose to approximately N9.742 billion in 2025, supported by increased passenger and cargo handling activities, improved operational efficiency, and continued investments in modern Ground Support Equipment (GSE), workforce development, and infrastructure expansion.
The company attained a Profit Before Tax (PBT) of about N12.007 billion, compared to N6.486 billion achieved in 2024, highlighting strong year-on-year growth.
Revenue for the period increased by 54 per cent to N44.459 billion from N28.941 billion recorded in 2024, reflecting robust performance across SAHCO’s nationwide airport network and rising demand for aviation ground handling services.
Further underscoring the company’s strong financial position, Earnings Per Share (EPS) rose to N7.20 from N3.57 in the previous year, delivering enhanced value to shareholders.
Speaking at the AGM, Chairman of SAHCO, Dr. Taiwo Afolabi, CON, attributed the strong financial results to the resilience of the company’s business model, the dedication of its workforce, and management’s commitment to operational excellence and strategic growth.
“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,” Afolabi said.
He noted that the results demonstrate the company’s ability to navigate economic and operational challenges while sustaining growth and creating value for shareholders.
SAHCO’s balance sheet also strengthened significantly during the year, with shareholders’ equity rising to N62.21 billion, reflecting solid financial stability and long-term value creation.
Total assets increased to N82.69 billion, supported by investments in property, plant and equipment, as well as improved liquidity and overall balance sheet strength.
Looking ahead, Afolabi revealed that SAHCO has developed plans to expand its operations into the United Arab Emirates (UAE) and other African markets as part of its long-term growth strategy.
According to him, the expansion initiative is aimed at strengthening the company’s regional and international footprint, diversifying revenue sources, and positioning SAHCO as a leading aviation ground handling and logistics services provider across Africa and beyond.
He added that the company remains committed to delivering sustainable returns to shareholders while leveraging opportunities within the rapidly evolving global aviation industry.
