Shareholders of Skyway Aviation Handling Company (SAHCO) Plc have commended the company’s management and board following a remarkable financial performance in 2025 that saw the aviation ground handling giant record a Profit After Tax of N9.74 billion and a Profit Before Tax of more than N12 billion.
The strong results, unveiled at the company’s 16th Annual General Meeting (AGM), reflected one of the most impressive performances in SAHCO’s recent history, driven by increased passenger and cargo traffic, improved operational efficiency and sustained investments in equipment, infrastructure and workforce development.
Financial statements presented to shareholders showed that the company generated revenue of approximately N44.46 billion during the 2025 financial year, representing a 54 per cent increase over the N28.94 billion recorded in 2024.
The impressive revenue growth translated into stronger profitability, with Profit Before Tax rising from N6.49 billion in 2024 to approximately N12.01 billion in 2025. Profit After Tax also climbed to about N9.74 billion, underscoring the company’s ability to convert operational growth into stronger earnings.
The company further reported a substantial increase in Earnings Per Share, which rose to N7.20 from N3.57 recorded in the previous year, signalling improved returns to investors and strengthening confidence in the company’s future prospects.
Speaking at the AGM, Chairman of SAHCO, Dr Taiwo Afolabi, CON, attributed the performance to the company’s resilient business strategy, disciplined management approach and commitment to delivering high-quality services across the aviation value chain.
He said the company remained focused on operational excellence and customer satisfaction despite economic pressures affecting businesses across the country.
“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 told shareholders.
He noted that the achievements recorded during the year demonstrated SAHCO’s ability to remain competitive and profitable while operating in a challenging business environment characterised by inflationary pressures, exchange rate volatility and rising operating costs.
The chairman disclosed that shareholders’ equity increased to N62.21 billion, reflecting the company’s strengthened financial position and growing capacity to create long-term value.
Total assets also rose significantly to N82.69 billion, supported by investments in critical operational assets, enhanced liquidity and a stronger balance sheet.
Beyond the financial results, Afolabi unveiled ambitious plans aimed at transforming SAHCO into a regional aviation services powerhouse.
According to him, the company is developing strategic initiatives to expand its operations into the United Arab Emirates and selected African countries as part of efforts to diversify revenue sources and capture emerging opportunities in international aviation markets.
He explained that the proposed expansion would not only enhance SAHCO’s regional and global presence but also position the company to compete more effectively in the increasingly interconnected aviation services industry.
The move comes at a time when Africa’s aviation sector is witnessing renewed growth, fuelled by increasing air travel demand, airport modernisation projects and efforts by governments across the continent to improve connectivity and facilitate trade.
Industry experts believe that SAHCO’s extensive experience in airport operations and ground handling services places it in a strong position to leverage emerging opportunities beyond Nigeria’s borders.
As Nigeria’s only ground handling company with operations across all commercial airports in the country, SAHCO occupies a unique position within the aviation sector.
The company provides a comprehensive range of services, including passenger handling, baggage and ramp handling, cargo handling, aviation security services, crew administration and premium lounge operations.
The company’s nationwide presence has enabled it to serve both domestic and international airlines while supporting the smooth movement of passengers and cargo through Nigeria’s airports.
Over the years, SAHCO has continued to invest in modern Ground Support Equipment (GSE), technology and personnel training programmes designed to improve service delivery and meet international operational standards.
The strong 2025 performance is expected to further reinforce investor confidence in the company and strengthen its reputation as one of Nigeria’s leading aviation service providers.
With plans for international expansion now taking shape, stakeholders believe SAHCO is entering a new phase of growth that could see the company emerge as a major player in aviation ground handling and logistics services across Africa and the Middle East.
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