Caverton Offshore Support Group has returned to positive cash generation, a sign that its core operations are stabilising after a period of financial strain.
The offshore logistics provider, however, remains trapped in losses as heavy finance costs continue to outweigh operational improvements.
87 billion for the fiscal year 2025, driven by a decline in revenue.
The development marks a shift in the company’s cash flow dynamics, even as profitability remains elusive.
According to Businessday NG, the return to positive cash generation signals that management’s efforts to stabilise the business are taking hold, though the debt burden continues to suppress net income.
This follows Caverton Holdings’ disclosure of a pre-tax loss of N13.87 billion for the fiscal year 2025, driven by a decline in revenue.
The Nigerian aviation and logistics group reported those results as part of the ongoing NGX earnings season, highlighting the challenges of operating in a high-interest-rate environment.