Skyway Aviation Handling Company Plc soared in 2025, more than doubling its pre-tax profit to ₦14.28 billion.
Skyway Aviation Strong Profit Growth
Notably, the fourth quarter alone contributed ₦3.9 billion, up from ₦1.8 billion in Q4 2024, reflecting stronger operations.
Revenue Drivers
Over the year, the company increased full-year revenue sharply to ₦44.45 billion, as both operating and finance income strengthened results.
Passenger handling services drove this growth, generating ₦31.8 billion and remaining the largest revenue contributor.
Meanwhile, cargo handling imports added ₦10.4 billion, and exports contributed ₦2.1 billion, supporting business diversification.
Although the cost of sales rose to ₦18.9 billion due to equipment repairs and higher direct labour costs, Skyway maintained strong efficiency.
As a result, gross profit climbed 55.6% to ₦25.47 billion.
However, administrative expenses increased to ₦11.2 billion, driven by higher employee benefits, rent, and electricity.
Additionally, the company generated ₦381 million from other operating income, including electricity recoveries, scrap, and rental income.
Finance income contributed ₦97.2 million, further boosting profit before tax to ₦14.28 billion.
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Consequently, profit after tax reached ₦11.73 billion, and earnings per share rose to ₦8.67, delivering strong returns to shareholders.
Strong Balance Sheet And Investor Confidence
On the balance sheet, total assets grew 35.4% to ₦56.58 billion, supported by property, plant, equipment, and higher trade receivables.
Cash balances strengthened to ₦5.70 billion, while retained earnings nearly doubled to ₦21.7 billion.
Meanwhile, the company increased borrowings to fund capital expenditure and expand operations.
Investor confidence surged as Skyway’s shares closed at ₦152.7 on February 6, 2026, up 72.64% year-to-date.
Overall, over 13 million shares exchanged hands, highlighting strong market recognition of the company’s growth and solid fundamentals.
