Caverton Offshore Support Group, founded and controlled by the family of prominent Nigerian businessman Oluremi Makanjuola, says it closed the final quarter of 2025 with revenue falling sharply and losses still deep, even as the deficit narrowed slightly from a year earlier.
In a financial update published Jan. 30, the Lagos based offshore logistics provider reported fourth quarter revenue of 3.74 billion naira, down from 13.11 billion naira in the same period of 2024. Net loss was 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 supports energy producers and other clients with aviation and marine logistics tied largely to offshore oil and gas activity. Its businesses include helicopter and fixed wing charter, shuttle flights to offshore platforms, aircraft maintenance, marine transport, crew boats and related training services. The company says it operates as an integrated provider across Nigeria and the wider region, pairing vessels with aviation to move people and cargo efficiently.
