Caverton Completes Debt Restructuring After N8.7bn H1 Loss

Caverton Offshore Support Group Plc has reported a net loss of N8.7 billion for the half year ended June 30, 2026, even as it completed a debt restructuring aimed at reducing foreign exchange exposure and improving long-term sustainability.
The Lagos-listed aviation and marine logistics group released half-year results showing early signs of a turnaround, with revenue accelerating and losses narrowing quarter on quarter.
For the six months to June 30, 2026, Caverton posted revenue of N14.7 billion. Second-quarter revenue of N8.6 billion was 41 per cent higher than the N6.1 billion recorded in Q1.
The quarterly loss also narrowed to N3.7 billion from N5.0 billion in Q1, an improvemen...