SAHCO Announces 57% Revenue Growth in 9 Months

Chinedu Eze

Skyway Aviation Handling Company Plc (SAHCO) has announced strong financial performance for the nine months ended September 30, (Q3) 2025, with revenue soaring to N31.68 billion in 2025, up N11.56 billion. (57 %) from N20.12 billion same period in 2024.

The company said this was achieved on the back of strong Cargo handling volumes, capacity and Ground Support Equipment (GSE) expansion and renewal among others.

According to the company, revenue surged 57% to N31.68 billion as a result of higher cargo processing volumes while Profit Before Tax jumped 86% to N10.38 billion, reflecting strong operational performance.

Profit After Tax rose 82% to N8.42 billion, Earnings Per Share improved to N6.22 (622 kobo), demonstrating enhanced shareholder value creation.

Balance sheet strength improved meaningfully, with total assets expanding 27% to N53.0 billion, supported by strategic investment in ground support equipment and infrastructure to support higher service throughput.

Chief Executive Officer of the company, Mrs. Adenike Aboderin, in a presentation at a Gateway program organised by the Aviation Correspondents at the weekend, said SAHCO is enhancing financial resilience by improving efficiency, investing in technology, and fostering partnerships, leading to a 27% year-on-year cost reduction through new digital tools and streamlined processes.

“For future growth, SAHCO is expanding into new markets, adopting eco-friendly equipment, and investing in workforce training and service quality. These efforts deliver strong financial results, including 82% profit growth, 57% revenue growth, and an N13 billion rise in assets,” she said.

Aboderin remarked that despite the fact that the aviation industry continues to face many turbulent and unpredictable outcomes, SAHCO continues to deliver value to its stakeholders, clients and airlines across its 22 network locations.

She added that SAHCO has the vision to become the leading provider of Passenger, Ramp, and Cargo Handling Services in the West African Sub Region as it currently operates at 21 airports across Nigeria, including a new airport, Gateway International Airport in Ogun state.

SAHCO serves over 25 domestic and international airlines, including new airlines likeAir Tanzania; Value Jet; Air Algeria and Ethiopian Airlines Lagos and Abuja operations.

SAHCO also disclosed it achieved a 27 percent reduction in operational costs over the past year, as a result of strategic deployment of cutting-edge technologies and the implementation of standardized processes.

This milestone, the company said, underscores its commitment to leveraging innovation to drive efficiency and financial sustainability in a challenging operational environment.

It attributed this cost-saving achievement to the integration of advanced technological tools, including e-billing systems, resource allocators, enhanced IT infrastructure, flight and budget applications, document enhancement software, and robust cybersecurity measures.

These innovations have collectively optimized operations, minimized overheads, and streamlined processes, allowing SAHCO to navigate the complexities of rising costs in the aviation sector.

On Eco-Friendly Sustainability plan, the SAHCO boss disclosed the company is gradually replacing diesel GSE with electric alternatives with plans to install smart/solar-powered charging stations across ramp areas.

She said that to support Environmental Management System, SAHCO would implement an ISO 14001-based system for environmental compliance as it applies the ISO 9001 principles to ensure consistent, high-quality operations.

On operational expansion and service enhancement plans, the company plans the expansion and upgrade of the cargo warehouse to increase processing speed, reduce congestion, and improve handling capacity.

It also plans the upgrade of Explosive Trace Detector (ETD) machines in compliance with TSA standards, for faster, safer, and more accurate cargo screening.

“We plan to optimize allocation of personnel, equipment, and materials to improve efficiency, reduce downtime, and ensure tasks are completed on schedule.”, Sha added.

Aboderin also disclosed SAHCO’s plans to diversify operations into the cold chain infrastructure and systems with temperature-controlled facilities and real-time monitoring for complete integrity.

Apart from diversification into e-Commerce where it hopes to build a fast-online logistics system with tracking and reliable delivery, SAHCO will operate in other African countries with plan to expand into key African markets through local partnerships and new stations.

Amid growing market, the company also said plans are underway to unveil its helicopter services soon.