Skyway Aviation Handling Company Reports N11.73bn Profit

Skyway Aviation Handling Company PLC announced a robust financial performance for the year ending December 31, 2025, with a profit after tax of N11.73 billion, representing a 142% increase from N4.83 billion in the previous year. The company's revenue surged by 54% to N44.46 billion, up from N28.94 billion in 2024.

This growth was attributed to a significant rise in demand for passenger and cargo handling services, alongside improvements in ancillary value chain contributions. Operating costs also increased, climbing to N18.98 billion from N12.56 billion the prior year.

Despite these rising costs, the company's gross profit expanded to N25.48 billion, compared to N16.38 billion in 2024. Operating profit nearly doubled to N14.62 billion from N6.53 billion year-on-year.

Administrative expenses rose to N11.24 billion from N10.05 billion, reflecting inflationary pressures and increased personnel costs. Dr.

Barr Taiwo Afolabi, Chairman of Skyway Aviation Handling Company PLC, emphasized the company's commitment to sustained investment in modern equipment and infrastructure to enhance operational efficiency and service delivery for long-term growth.