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Skyway Aviation Handling Company Plc (SAHCO) has reported strong financial growth for the second quarter of 2025, with its profit after tax rising by 131 per cent. The company posted a profit of N3.63 billion for the quarter ended June 30, 2025, compared to N1.57 billion in the same period of 2024. The unaudited financial results were released by the firm, which provides aviation ground handling services across Nigerian airports.
According to the financial statement, the company’s revenue increased significantly to N10.68 billion in the first half of 2025, representing a 69 per cent jump from N6.31 billion recorded in the same period last year. SAHCO said the rise in revenue was driven by an increase in airline activities, higher demand for cargo and ramp handling services, and a stronger presence in Nigeria’s growing aviation industry.
Gross profit also more than doubled to N7.14 billion from N3.75 billion, while operating profit increased from N1.87 billion in 2024 to N4.65 billion in the current reporting period. This strong growth in profits indicates improved efficiency and better cost management in the company’s operations.
However, administrative expenses rose to N2.6 billion from N1.94 billion, reflecting an increase in the company’s operational activities, including the expansion of services and maintenance of its handling equipment. Despite the higher expenses, SAHCO was able to maintain its profitability due to the sharp growth in revenue and operational profit.
Finance costs remained stable at N73.17 million, slightly down from N74.53 million recorded last year. On the other hand, the company saw a decline in finance income, which dropped significantly from N82.5 million in 2024 to N7.5 million in 2025. This was partly due to lower interest income on cash balances and investments during the period.
The company also recorded a foreign exchange loss of N33.6 million. Despite this, its total comprehensive income for the half-year increased to N3.59 billion, up from N1.5 billion in the corresponding period of 2024. SAHCO’s ability to remain profitable in the face of forex challenges reflects its resilience in Nigeria’s aviation support sector.
In recognition of its performance, the board of directors declared an interim dividend of N812 million for shareholders, which is twice the N406 million dividend paid out in the same period last year. This development is expected to boost investor confidence in the company.
SAHCO’s total assets rose to N52.97 billion at the end of June 2025, up from N37.96 billion in June 2024. The growth in assets was supported by an increase in property, plant and equipment, as well as higher trade receivables. This indicates that the company is expanding its operations and making capital investments to support future growth.
The company’s shareholders’ equity also grew to N36.36 billion, up from N26.63 billion recorded in the same period last year. This improvement in equity signals stronger financial health and positions the company for better borrowing capacity and long-term growth in the aviation handling market.
Skyway Aviation Handling Company Plc is one of the major providers of aviation ground handling services in Nigeria. It offers services such as passenger handling, cargo handling, ramp services, and aviation security. The company operates at major airports across the country, including Lagos, Abuja, Port Harcourt, Kano, and Enugu.
The positive results reflect the overall rebound in Nigeria’s aviation industry, with increasing domestic and international flights contributing to growth in ancillary services. As the air transport sector continues to recover, companies like SAHCO are expected to benefit from rising demand for ground handling and logistics services.
