Caverton Offshore Reduces Q3 Loss to N4.6bn in Oil and Gas Sector

Caverton Offshore Support Group PLC has significantly reduced its Q3 pre-tax loss to N4.6 billion, compared to N41.6 billion in Q3 2024. The company, a leading provider of marine aviation logistics services to local and international oil and gas companies, reported a decrease in revenue to N20.5 billion.

Despite the decrease, Caverton recorded a gross profit of N10.9 billion in Q3 2025, showcasing a positive turnaround strategy. CEO Olabode Makanjuola expressed confidence in the company's long-term prospects and highlighted proactive management strategies for sustained growth.

Creative content writer Iheanyi Nwachukwu provided insights into the financial performance.