Skyway Aviation Handling Company (SAHCO) Plc announced a pre-tax profit of N14.28 billion for the 2025 financial year, up 120.2% from N6.49 billion in 2024. The company also declared a dividend of N812 million for shareholders. Managing Director Olusegun Olugbemi attributed the growth to improved operational efficiency and expanded service offerings. SAHCO's performance reflects broader trends in Nigeria's aviation sector, where post-pandemic recovery has driven demand for ground handling services. The dividend payout signals confidence in sustained profitability, though analysts note volatility in global oil prices could impact future earnings.
Olugbemi's claim that efficiency and service expansion drove the profit surge demands scrutiny. With oil price swings already rattling airlines, SAHCO's reliance on a single sector exposes shareholders to avoidable risk. Unless diversified, this dividend bonanza could evaporate as quickly as it arrived.
