Skyway Aviation Handling Company Plc has delivered a robust financial performance for the year ended December 31, 2025, with profit after tax rising to N11.73 billion, underscoring strong operational momentum and improved efficiency across its business lines.
The company’s audited results released yesterday showed that the revenue rose significantly by 54 per cent to N44.46 billion in 2025, up from N28.94 billion recorded in 2024. The growth was driven largely by increased demand for passenger and cargo handling services, alongside improved contributions from ancillary and Value Chain operations.
Costs of sales also climbed during the period, rising to N18.98 billion from N12.56 billion in the prior year.
However, the increase was outpaced by revenue growth, resulting in gross profit expanding to N25.48 billion from N16.38 billion in 2024.
Operating performance remained strong, with profit from Operations nearly doubling to N14.62 billion compared with N6.53 billion recorded a year earlier. This was achieved despite higher administrative expenses, which rose to N11.24 billion from N10.05 billion, reflecting inflationary pressures, increase in utility and increased personnel costs.
After accounting for a tax expense of N2.55 billion, profit after tax stood at N11.73 billion, representing a 142 per cent increase from N4.83 billion in the previous year.
The Chairman of Skyway Aviation Handling Company PLC, Dr. Barr Taiwo Afolabi, while commenting on the financial report, emphasized that sustained investments in modern equipment and infrastructure have been instrumental in driving operational efficiency, enhancing service delivery, and positioning SAHCO for long-term growth.
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