L-R: Executive Director, Finance, Admin Services & Projects, Skyway Aviation Handling Company (SAHCO) PLC, Mr Abiodun Adegbesan ; Managing Director/ CEO, SAHCO, Mrs Adenike Aboderin; Chairman, SAHCO, Dr. Barr. Taiwo Afolabi CON; Company Secretary, SAHCO, Ms Jesuyemisi Odeyemi; Executive Director, Business Development and IT, SAHCO, Mr Babatunde Afolabi at the AGM
Skyway Aviation Handling Company (SAHCO) Plc has recorded an outstanding financial performance for the 2025 financial year, posting a Profit Before Tax (PBT) of over ₦12 billion and unveiling plans to expand its operations into the United Arab Emirates (UAE) and key African markets as part of its long-term growth strategy.
The impressive performance was announced during the company’s 16th Annual General Meeting (AGM), where shareholders received details of a remarkable year marked by revenue growth, improved profitability, stronger asset base, and enhanced shareholder value.
According to the company’s financial statements, SAHCO generated revenue of approximately ₦44.46 billion in 2025, representing a 54 percent increase from the ₦28.94 billion recorded in 2024. The strong revenue growth was driven by increased passenger and cargo handling activities across its nationwide airport network, rising demand for aviation ground handling services, operational efficiency improvements, and strategic investments in modern Ground Support Equipment (GSE), infrastructure development, and workforce capacity building.
The company also reported a Profit Before Tax of approximately ₦12.26 billion, nearly doubling the ₦6.49 billion achieved in the previous year. Profit After Tax (PAT) stood at approximately ₦9.74 billion, reflecting the company’s ability to convert operational growth into sustainable earnings despite prevailing economic and industry challenges.
Further underscoring the company’s strong financial performance, Earnings Per Share (EPS) rose significantly to ₦7.20 from ₦3.57 recorded in 2024, highlighting SAHCO’s commitment to enhancing shareholder returns and creating long-term value.
Speaking at the AGM, Chairman of SAHCO, Dr. Barr. Taiwo Afolabi, CON, attributed the company’s exceptional performance to the resilience of its business model, the dedication of its workforce, and its unwavering focus on operational excellence.
“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 stated.
He noted that the results demonstrate SAHCO’s ability to successfully navigate a challenging business environment while maintaining profitability and delivering superior value to shareholders.
The company’s balance sheet also reflected significant strengthening during the year under review. Shareholders’ equity increased to ₦62.21 billion, demonstrating robust financial stability and enhanced capacity for long-term value creation.
Similarly, total assets grew substantially to ₦82.69 billion, supported by strategic investments in property, plant and equipment, improved liquidity position, and stronger overall balance sheet fundamentals.
In a major strategic announcement, Afolabi disclosed that SAHCO has developed plans to extend its operations beyond Nigeria by establishing a presence in the United Arab Emirates and selected African countries.
According to him, the expansion initiative is designed to diversify revenue streams, leverage emerging opportunities within the global aviation ecosystem, strengthen the company’s international competitiveness, and position SAHCO as a leading aviation ground handling and logistics service provider across Africa and beyond.
Industry analysts view the planned expansion as a significant milestone that could elevate SAHCO from a dominant domestic aviation services provider into a regional aviation logistics powerhouse.
SAHCO currently enjoys a unique position within Nigeria’s aviation sector as the only aviation ground handling company with operational presence across all commercial airports in the country. This extensive footprint has enabled the company to maintain a leadership role in the industry while supporting the growth of Nigeria’s aviation sector.
The company provides a wide range of aviation support services including passenger handling, baggage and ramp handling, cargo handling, aviation security services, crew administration, premium lounge operations, and other specialized aviation-related services.
Speaking on behalf of management, Mrs. Adetola Vanessa Uansohia, Head of Corporate Communications, said the 2025 performance underscores SAHCO’s resilience, prudent financial management, and commitment to sustainable growth.
She emphasized that the company remains focused on operational excellence, innovation, customer satisfaction, and strategic investments that will continue to strengthen its competitive position both within Nigeria and in emerging international markets.
With record earnings, a stronger balance sheet, expanding operational capabilities, and bold international ambitions, SAHCO appears poised to consolidate its leadership in Nigeria while pursuing its vision of becoming a major aviation handling and logistics player across Africa and the Middle East.
Skyway Aviation Handling Company (SAHCO) Plc reported a record ₦12.26 billion pre-tax profit in 2025, with revenue surging 54% to ₦44.46 billion as the aviation services giant targets expansion into the UAE and African markets.
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