Skyway Aviation Handling Company Plc (SAHCO) has reported a remarkable 131 per cent rise in its profit after tax for the second quarter ending June 30, 2025. According to its unaudited financial statement, profit after tax climbed to N3.63bn, up from N1.57bn recorded in the same period in 2024.
The aviation handling company also saw a strong increase in revenue, which jumped by 69 per cent to N10.68bn, compared to N6.31bn during the first half of 2024. This performance was largely attributed to a boost in operational activity across its service lines.
SAHCO’s gross profit more than doubled, reaching N7.14bn from N3.75bn in the previous year, while operating profit surged to N4.65bn, up from N1.87bn. Administrative expenses grew to N2.6bn, reflecting increased business operations, up from N1.94bn in the same period last year.
Finance costs remained largely unchanged at N73.17m compared to N74.53m in 2024. However, the company experienced a sharp drop in finance income, which fell to N7.5m from N82.5m. Despite a foreign exchange loss of N33.6m during the half-year, SAHCO’s total comprehensive income still rose significantly to N3.59bn from N1.5bn.
The company also announced a dividend payout of ₦812m for the reporting period, double the ₦406m declared in the corresponding period last year.
As of June 2025, SAHCO’s total assets stood at N52.97bn, a notable increase from N37.96bn in 2024. The growth was supported by investments in property, plant, and equipment, as well as an increase in trade receivables. Shareholders’ equity also rose to N36.36bn, up from N26.63bn in the prior year.