SAHCO Eyes UAE, African Markets to Grow International Presence

Skyway Aviation Handling Company (SAHCO) Plc said it is pursuing expansion into the United Arab Emirates and other African markets as part of its long-term growth strategy.

The chairman of SAHCO, Dr Taiwo Afolabi, stated this at the Company’s 16th Annual General Meeting (AGM).

Afolabi stated that the move is aimed at strengthening the company’s regional and international footprint while diversifying revenue streams, saying that the expansion comes as SAHCO looks to leverage opportunities in the growing global aviation industry and replicate its ground handling success beyond Nigeria.

The Company in its financial reports for the year ended December 31, 2025 showed a profit before tax of N12.01 billion, compared with N6.49 billion in 2024, reflecting strong year-on-year growth. Profit after tax stood at N9.74 billion for the 2025 financial year.

Revenue rose to N44.46 billion from N28.94 billion in 2024, underscoring robust growth across its core operations. Earnings per share increased to N7.20, up from N3.57 in the previous year, indicating improved shareholder value.

Afolabi, attributed the performance to the resilience of SAHCO’s business model, the dedication of its workforce, and its sustained focus on operational excellence, customer satisfaction, and strategic expansion.

“The 2025 financial performance reflects the resilience of our business model, the commitment of our workforce, and our unwavering focus on operational excellence, customer satisfaction, and strategic expansion,” he said.

He added that the results demonstrate the company’s ability to navigate a challenging operating environment while sustaining growth and delivering value to shareholders.

Shareholders’ equity rose to N62.21 billion, reflecting strong financial positioning and long-term value creation, while total assets increased to N82.69 billion, supported by investments in property, plant, and equipment as well as improved liquidity.

Looking ahead, Afolabi disclosed that SAHCO is pursuing expansion into the United Arab Emirates (UAE) and other African markets as part of its long-term growth strategy.

According to him, the move is aimed at strengthening the company’s regional and international footprint, diversifying revenue streams, and leveraging opportunities in the growing aviation industry.

He noted that the strategy will position SAHCO as a leading aviation ground handling and logistics service provider across Africa and beyond.

SAHCO, an aviation ground handling company with operational presence across all commercial airports in Nigeria, underscoring its nationwide footprint. The company provides a range of services, including passenger handling, baggage and ramp handling, cargo handling, aviation security, Skyway Premium Lounge services, and crew administration.