Skyway Aviation Handling Company Plc reported a profit before tax of N14.28 billion for the 2025 financial year, more than double the N6.48 billion recorded in 2024, supported by strong revenue growth across its core aviation services.
The Lagos-based aviation ground handling firm said the performance reflects higher activity levels, particularly in passenger handling, as air travel volumes improved across Nigeria.
Revenue for the full year rose to N44.45 billion from N28.94 billion in the prior year, while gross profit increased to N25.47 billion, up from N16.37 billion, driven by scale benefits despite rising operating costs.
Passenger handling services remained the company’s largest revenue source, generating N31.8 billion in 2025, followed by cargo import handling at N10.4 billion and cargo export operations at N2.1 billion.
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Cost of sales increased to N18.9 billion, reflecting business expansion, with equipment repairs and direct labour accounting for a significant share, but the company maintained a gross margin expansion of over 55 percent year-on-year.
Operating profit climbed to N14.61 billion from N6.52 billion, although administrative expenses rose to N11.2 billion due to higher staff costs, rent, and electricity expenses.
Other operating income of N381 million, alongside finance income of N97.2 million, further supported earnings, lifting profit after tax to N11.73 billion from N4.83 billion in 2024, while earnings per share increased to N8.67.
On the balance sheet, total assets expanded by 35.4 percent to N56.58 billion, supported by higher property, plant and equipment, trade receivables, and cash balances, which rose to N5.70 billion.
Borrowings increased during the year to fund capital expenditure, while retained earnings strengthened to N21.7 billion, reflecting improved profitability and internal capital generation.
On the Nigerian Exchange (NGX), the country’s main stock market, Skyway Aviation Handling Company Plc shares closed at N152.70 on 6 February 2026, posting a month-to-date gain of 18.74 percent and a year-to-date return of 72.64 percent, as investors responded positively to the company’s earnings growth.
