SAHCO Records Strong 2025 Growth, Posts ₦12bn Pre-Tax Profit, Sets Sights on UAE, African Markets
Skyway Aviation Handling Company (SAHCO) Plc has reported a remarkable financial performance for the 2025 financial year, posting a profit before tax of over ₦12 billion and unveiling plans to expand its footprint into the United Arab Emirates (UAE) and selected African countries as part of a broader strategy to strengthen its position as a leading aviation ground handling and logistics services provider.
The company announced the impressive results during the 16th Annual General Meeting (AGM), where shareholders were presented with figures reflecting significant growth in revenue, profitability and asset base, underscoring the company’s resilience and sustained investments in infrastructure and operational capabilities.
According to the company, revenue rose sharply by 54 per cent to ₦44.46 billion in 2025, compared with ₦28.94 billion recorded in the preceding year.
The increase was attributed to heightened passenger and cargo handling activities across its network, improved operational efficiency and continued investments in modern Ground Support Equipment (GSE), strategic infrastructure and human capital development.
SAHCO reported a Profit Before Tax (PBT) of approximately ₦12.007 billion, representing a substantial increase from the ₦6.486 billion posted in 2024. Profit After Tax (PAT) stood at about ₦9.742 billion, highlighting the company’s strong earnings capacity and prudent financial management.
The company also recorded a significant improvement in shareholders’ returns, with Earnings Per Share (EPS) rising to ₦7.20 from ₦3.57 in the previous year, reflecting enhanced profitability and increasing value for investors.
Addressing shareholders at the AGM, Chairman of SAHCO, Dr Taiwo Afolabi, CON, described the performance as a testament to the resilience of the company’s business model and the dedication of its workforce.
He said the organisation’s unwavering commitment to operational excellence, customer satisfaction and strategic expansion had enabled it to achieve sustained growth despite prevailing economic challenges.
“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.
According to him, the results demonstrate SAHCO’s ability to navigate a demanding operating environment while consistently delivering sustainable value to shareholders.
The chairman disclosed that shareholders’ equity rose significantly to ₦62.21 billion, an indication of the company’s strong financial position and capacity for long-term value creation.
Total assets also increased to ₦82.69 billion, driven by investments in property, plant and equipment as well as improved liquidity and balance sheet strength.
Afolabi further announced that SAHCO had developed plans to extend its operations beyond Nigeria, with the United Arab Emirates and other African markets identified as strategic destinations for future growth.
He explained that the expansion initiative would enable the company to diversify its revenue streams, tap into opportunities offered by the rapidly evolving aviation industry and reinforce its regional and international presence.
The move, he noted, forms part of SAHCO’s long-term vision of becoming a dominant aviation ground handling and logistics services provider across Africa and beyond, while continuing to deliver sustainable returns to shareholders.
Industry analysts believe the expansion plans align with growing opportunities in Africa’s aviation sector. According to projections by the International Air Transport Association (IATA), Africa is expected to witness steady growth in air passenger traffic over the coming decades, creating increased demand for efficient airport and ground handling services.
Over the years, SAHCO has maintained a strong presence within Nigeria’s aviation ecosystem and currently remains the only aviation ground handling company with operations in all commercial airports across the country.
Its extensive network has made it a strategic player in supporting airline operations and facilitating passenger and cargo movement nationwide.
The company provides a broad spectrum of services, including passenger handling, baggage and ramp handling, cargo operations, aviation security services, crew administration and Skyway Premium Lounge services.
Established as one of Nigeria’s foremost aviation support service providers, SAHCO has continued to invest heavily in modern equipment and infrastructure aimed at improving service delivery and maintaining international standards.
With its strong financial performance and ambitious expansion agenda, industry stakeholders believe SAHCO is positioning itself to emerge as a major African player in aviation ground handling and logistics services, while reinforcing Nigeria’s growing relevance in the continent’s aviation landscape.
