Skyway Aviation Handling Company Records 142% Profit Growth, Revenue Surges by 54% in 2025

Skyway Aviation Handling Company (SACHO) Plc has reported a strong financial performance for the year ended December 31, 2025, with profit after tax rising by 142 per cent to N11.73 billion, driven by robust revenue growth and improved operational efficiency.

According to the company’s audited financial results, revenue surged by 54 per cent to N44.46 billion in 2025, compared to N28.94 billion recorded in 2024.

The growth was attributed to increased demand for passenger and cargo handling services, as well as stronger contributions from ancillary and value chain operations.

Cost of sales rose to N18.98 billion from N12.56 billion in the previous year, but remained below the pace of revenue growth. This supported a significant increase in gross profit to N25.48 billion, up from N16.38 billion in 2024.

Operating profit also showed strong expansion, nearly doubling to N14.62 billion from N6.53 billion recorded a year earlier. The performance came despite a rise in administrative expenses to N11.24 billion from N10.05 billion, reflecting inflationary pressures, higher utility costs, and increased personnel expenses.

After accounting for a tax expense of N2.55 billion, the company’s profit after tax stood at N11.73 billion, compared to N4.83 billion in 2024.

Total comprehensive income for the year was N11.42 billion, slightly impacted by a foreign exchange loss of N314.5 million, in contrast to a gain recorded in the prior year.

The company’s balance sheet remained resilient, with total assets increasing to N56.58 billion from N41.78 billion in 2024. This growth was largely driven by investment in property, plant, and equipment, which rose to N24.61 billion from N16.03 billion.

Shareholders’ equity strengthened to N39.87 billion from N29.27 billion, supported by growth in retained earnings, which climbed to N21.74 billion.

Cash flow from operating activities improved significantly, rising to N13.47 billion from N5.01 billion in the previous year. Cash and cash equivalents also increased to N5.70 billion, up from N3.03 billion in 2024.

Despite capital expenditure exceeding N11 billion on fixed assets, the company maintained positive financing cash flow, supported by additional borrowings.

Earnings per share rose to 867 kobo from 357 kobo in 2024, reflecting enhanced profitability and shareholder value. The company also declared a final dividend of N1.6 billion for the year under review.

Commenting on the results, the Managing Director and Chief Executive Officer, Adenike Aboderin, said the performance reflects the strength of the company’s strategy, resilience of its business model, and commitment of its workforce, noting that strong margins were maintained despite a challenging operating environment.

Chairman of SACHO, Dr. Barr Taiwo Afolabi, highlighted that sustained investments in modern equipment and infrastructure have improved operational efficiency and service delivery, positioning the company for long-term growth.

Overall, the 2025 results underscore Skyway Aviation Handling Company’s continued expansion and solid positioning within Nigeria’s aviation services sector.