Skyway Aviation Handling Company (SAHCO) Plc used its latest Annual General Meeting (AGM) to unveil one of the strongest financial performances in its history, posting significant growth in revenue, profitability and shareholder value. The company’s results for the year ended December 31, 2025, underscored its resilience and strategic focus despite operating in a challenging business environment.
At the 16th edition of its AGM, SAHCO reported revenue of ₦44.46 billion, representing a 54 per cent increase from the ₦28.94 billion recorded in 2024. The ground handling company attributed the growth to increased passenger and cargo handling activities, improved operational efficiency and continued investment in infrastructure and equipment.
The impressive performance also translated into stronger profitability. Profit Before Tax rose by 85 per cent to ₦12.01 billion from ₦6.49 billion recorded in the previous year. Meanwhile, Profit After Tax increased to ₦9.74 billion, reflecting the company’s ability to convert revenue growth into stronger earnings.
AGM Reveals Strong Financial Momentum
A major highlight of the AGM was the significant improvement in shareholder returns. Earnings Per Share more than doubled by 102 per cent to ₦7.20, compared with ₦3.57 in 2024. This performance reinforced investor confidence and demonstrated the effectiveness of SAHCO’s growth strategy.
According to the company, revenue growth was supported by increased demand for aviation ground handling services across its nationwide airport network. In addition, investments in modern Ground Support Equipment, workforce development and operational enhancements contributed to stronger service delivery and improved efficiency.
Speaking during the AGM, SAHCO Chairman, Dr. Taiwo Afolabi, CON, credited the results to the company’s disciplined approach to business and its commitment to long-term growth.
“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,” he said.
He further noted that the results demonstrate SAHCO’s ability to navigate economic and operational challenges while maintaining growth and creating sustainable value for shareholders. Therefore, the company remains well-positioned to pursue new opportunities within and outside Nigeria.
Beyond earnings growth, the AGM also highlighted improvements in the company’s financial position. Shareholders’ equity increased to ₦62.21 billion, reflecting stronger capital strength and enhanced long-term value creation. Total assets also climbed to ₦82.69 billion, supported by investments in property, plant and equipment as well as improved liquidity.
Meanwhile, SAHCO unveiled ambitious plans to expand beyond Nigeria. Dr. Afolabi disclosed during the AGM that the company has developed strategic initiatives to establish operations in the United Arab Emirates and selected African markets.
According to him, the expansion programme is designed to strengthen SAHCO’s regional and international presence while diversifying revenue streams. The move is also expected to position the company as a leading aviation ground handling and logistics provider across Africa and beyond.
The proposed expansion comes at a time when demand for aviation services continues to grow across emerging markets. In addition, greater regional connectivity presents new opportunities for aviation support companies seeking to expand their footprint and customer base.
Notably, SAHCO remains the only aviation ground handling company with operational presence across all commercial airports in Nigeria. This nationwide network gives the company a unique advantage within the country’s aviation sector and strengthens its competitive position.
Its services include passenger handling, baggage and ramp handling, cargo handling, aviation security, premium lounge services, crew administration and other aviation-related operations. These diverse service offerings have continued to support revenue growth and operational stability.
As discussions concluded at the AGM, shareholders received a clear message about the company’s future direction. Strong financial performance, strategic investments and international expansion plans have positioned SAHCO for another phase of growth. Therefore, the company enters 2026 with increased momentum and a stronger platform for delivering value to investors and stakeholders.
