Skyway Aviation Handling Company (SAHCO) Plc has earned N44.46 billion in revenue in the 2025 financial year period, indicating a 54 per cent increase when compared to the same period in 2024.

The company’s investors also approved N1.20k per share to shareholders, totalling a total payout of N1.62 billion.

The company disclosed this over the weekend, during its 16th yearly general meeting (AGM), held in Lagos.

According to the audited financial results presented at the meeting, SAHCO’s revenue grew from N28.94 billion in 2024 to N44.46 billion in 2025, primarily driven by increased passenger and cargo handling activities, improved operational efficiency and continued investments in modern ground support equipment.

The company also recorded a major rise in profitability, with profit before tax (PBT) increasing from N6.49 billion in 2024 to over N12 billion in 2025.

Its profit after tax (PAT) stood at N9.74 billion, while earnings per share rose to N7.2 from N3.57 recorded in the previous year.

The Chairman of SAHCO, Dr Taiwo Afolabi, attributed the company’s performance to the resilience of its business model, the commitment of its workforce and sustained focus on operational excellence and customer satisfaction.

He assured that the company would surpass its current performance in the coming financial year, despite the tough operating challenges and global disruptions.

Afolabi also emphasised that SAHCO was intensifying efforts to deploy technology across its operations, saying the company had gone beyond conventional digitalisation and was increasingly virtualising some of its processes.

He said: “We are not surprised, actually. We feel great and we know that next year we will surpass what we have this year. On technology, we’ve even gone beyond that. We have virtualised this and we are working towards improving what we have at the moment.

Afolabi disclosed that issues relating to debts owed to ground handling companies had been successfully resolved, while plans were underway to establish a training institution that would meet international standards for aviation ground handling and manpower development.

Also, the Managing Director, SAHCO, Adenike Aboderin, said the company’s growth was supported by strong partnerships with customers, operational efficiency and prudent risk management.

She said SAHCO continued to focus on strengthening customer relationships, improving turnaround time, enhancing procurement processes and deploying technology to reduce costs and boost efficiency.