Skyway Aviation Handling Company (SAHCO) Plc has announced a significant financial performance for the 2025 financial year, with its profit before tax soaring to N14.28 billion. This represents a substantial 120.2% increase compared to the N6.49 billion recorded in the previous year.

The aviation ground handling firm also proposed a total dividend payout of N812.15 million for the year, a notable increase from the N406.07 million declared in 2024. These figures are based on the company’s audited financial statement for the period ended December 31, 2025, released on the Nigerian Exchange (NGX) on Wednesday, April 1, 2026.

SAHCO's impressive revenue growth of 53.7% to N44.46 billion was a primary driver of its strong performance. Passenger handling services were the leading contributor, with revenue rising sharply to N31.82 billion from N18.60 billion in the prior year. Cargo handling also contributed positively, generating N12.64 billion.

The company's gross profit rose by 55.6% to N25.48 billion, indicating improved margins. Operating profit more than doubled, increasing by 123.9% to N14.62 billion, attributed to heightened activity and operational efficiency. Profit after tax (PAT) surged by an impressive 142.5% to N11.73 billion.

Other income also saw a significant rise of 90.4% to N381 million, up from N200.22 million in 2024, fueled by ancillary services and rental income. However, administrative expenses increased by 11.9% to N11.24 billion, and finance costs rose to N429.54 million.

On the balance sheet, total assets grew by 35.4% to N56.58 billion, largely due to a 53.5% increase in property, plant, and equipment to N24.61 billion. Trade receivables stood at N18.34 billion, while cash and cash equivalents surged by 88.1% to N5.70 billion.

Total liabilities increased to N16.72 billion, with long-term borrowings edging up to N2.45 billion. Shareholders’ equity grew to N39.87 billion, supported by a 101% jump in retained earnings to N21.74 billion. Foreign exchange reserves stood at N2.88 billion.