Caverton Holdings has reported 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 disclosed the results as part of the ongoing NGX earnings season, highlighting the continued financial strain on the sector.
The loss reflects the challenging operating environment for Nigerian businesses, where currency depreciation and elevated fuel costs have compressed margins.
Caverton's results serve as a bellwether for the broader aviation industry in West Africa, which has struggled to stabilize profitability despite efforts to optimize fleet utilization and manage debt.
Investors are closely monitoring the earnings season for signs of stabilization.
While major banks and telecom operators like Zenith Bank and MTN Nigeria have led the reporting cycle, the aviation sector remains a focal point for risk assessment.