Caverton Offshore Support Group, founded and controlled by the family of prominent Nigerian businessman Aderemi Makanjuola, has reported a significant decline in revenue for the fourth quarter of 2025.
The Lagos-based offshore logistics provider saw revenue drop to 3.74 billion naira, down from 13.11 billion naira in the same period of 2024.
The company’s net loss narrowed slightly to 7.31 billion naira, compared with a 7.78 billion naira loss a year earlier.
Basic loss per share from continuing operations improved to 2.18 naira from 2.32 naira.
Caverton Offshore Support Group operates an integrated service model, combining aviation and marine logistics to support energy producers and other clients in Nigeria and the wider region.
The company’s businesses include helicopter and fixed-wing charter, shuttle flights to offshore platforms, aircraft maintenance, marine transport, and related training services.
The revenue drop highlights the volatility facing service firms tied to offshore activity, where contract timing, fleet utilization, and foreign exchange costs can impact results. Caverton aims to raise service quality while expanding and modernizing its fleet of aircraft and vessels.
