Skyway Aviation Handling Company Plc (SAHCO) has reported a profit after tax of ₦8.14bn for the half year ended June 30, 2025, representing a 155.4% increase from ₦3.19bn in the same period of 2024. The strong performance was driven by robust revenue growth, operational efficiency, and strategic expansion.
The company’s unaudited financial statements, filed with the Nigerian Exchange Limited, showed revenue rose by 73.9% to ₦21.06bn from ₦12.11bn in the prior year, supported by increased demand for aviation handling services, strategic partnerships, and local and regional operational growth.
Direct costs grew by 29.3% to ₦6.59bn from ₦5.10bn in H1 2024, resulting in a gross profit of ₦14.47bn, up from ₦7.01bn. Other operating income climbed to ₦217.32m from ₦129.56m, while administrative expenses rose to ₦4.66bn from ₦3.37bn. Profit from operations stood at ₦10.03bn, compared to ₦3.77bn last year.
Finance income dropped to ₦65.94m from ₦217.26m, while finance expenses fell to ₦132.88m from ₦154.13m. Profit before tax increased 160% to ₦9.96bn, with taxes rising to ₦1.82bn from ₦647.02m. Total comprehensive income reached ₦7.90bn versus ₦4.26bn a year earlier.
As at June 30, 2025, SAHCO’s total assets stood at ₦52.97bn, compared to ₦37.96bn in June 2024 and ₦41.78bn at year-end 2024.
Chairman Dr. Taiwo Afolabi (CON) attributed the results to the dedication of staff, client loyalty, and a strategic focus on sustainable growth. “As the aviation sector continues to rebound, SAHCO is well-positioned to build on this momentum and deliver even greater value to shareholders and stakeholders,” he said.
The company reaffirmed its commitment to service excellence, technological innovation, and expanding its footprint to strengthen its leadership in ground handling and logistics.
