Skyway Aviation Handling Company Plc (SAHCO) has reported a profit after tax of N8.14bn for the half year ended June 30, 2025, marking a 155.4 per cent jump from N3.19bn recorded in the same period of 2024. This was revealed in the company’s unaudited financial statements filed with the Nigerian Exchange Limited. The results show a strong performance driven by rising revenues and improved operational efficiency.
For the period under review, revenue grew by 73.9 per cent to N21.06bn from N12.11bn in the corresponding period of last year. Direct costs rose by 29.3 per cent to N6.59bn from N5.10bn, leading to a gross profit of N14.47bn compared to N7.01bn in the same period of 2024.
Other operating income stood at N217.32m, up from N129.56m a year earlier. Administrative expenses increased to N4.66bn from N3.37bn in the first half of 2024, reflecting higher operating costs in the growing aviation ground handling sector.
Profit from operations reached N10.03bn, compared to N3.77bn in the same period last year. Finance income declined to N65.94m from N217.26m, while finance expenses reduced to N132.88m from N154.13m. Profit before tax stood at N9.96bn, up from N3.83bn in H1 2024, representing a 160 per cent increase. The company paid N1.82bn in taxes during the review period, compared to N647.02m a year earlier.
Total comprehensive income for the half year was N7.90bn, up from N4.26bn recorded last year. Basic and diluted earnings per share increased to 601 kobo, from 235 kobo in the corresponding period of 2024. As of June 30, 2025, SAHCO’s total assets rose to N52.97bn, compared to N37.96bn in June 2024 and N41.78bn as at December 31, 2024.
Commenting on the results, the Chairman of SAHCO Plc, Dr. Taiwo Afolabi (CON), said the impressive performance reflected the dedication of the company’s workforce, the loyalty of its clients, and its strategic focus on sustainable growth. He noted that as the aviation industry continues to recover, SAHCO is well-positioned to build on this momentum and deliver greater value to shareholders and stakeholders.
The company also reaffirmed its commitment to maintaining service excellence, investing in technological innovation, and expanding its footprint across Nigeria to strengthen its leadership in the aviation ground handling and logistics sector. SAHCO operates in all commercially run airports in Nigeria, offering services that include passenger handling, ramp handling, cargo services, and aircraft cleaning.
Industry observers believe the company’s strong half-year performance underscores the resilience of Nigeria’s aviation support services market, which has been benefiting from increased passenger traffic and cargo movement as the economy stabilises. SAHCO’s investments in modern equipment, staff training, and customer service improvements are also contributing to its competitive edge
