MARKETS / BALCAO / SKAS

BALCAO · AIRPORTS, FLYING FIELDS & AIRPORT TERMINAL SERVICES · SMALL CAP

Saker Aviation Services, Inc. SKAS

16 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.3M

▼ 86.2% YoY

Net income

$-1.1M

▼ 186.9% YoY

Free cash flow

$-610,292

In brief

What this company does

We previously served as the operator of a heliport and currently have limited operations. As discussed throughout this document, we previously were the operator of the Downtown Manhattan (New York) Heliport until March 29, 2025. Beginning in December 2025, we commenced providing strategic financial advisory services to clients. On March 4, 2025, the Company was notified by NYCEDC that NYCEDC was terminating the Concession Agreement effective March 29, 2025. At December 31, 2025, the Company provided financial advisory services to one customer. As of December 31, 2025, we employed two persons on a full-time basis.

Written from the business description in Saker Aviation Services, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 1.3M

Revenue, FY2025 · full 16-year series below

Revenue $M Net income $M

FY2025 · Revenue 1.3 · Net income -1.1

Compound annual growth

Revenue

−45.0%

−18.4%

−22.4%

−14.0%

Returned to shareholders

+31.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −18.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−86 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -108.4% · Net -86.1%

ROE

FY2025 · ROE -11.8%

Gross margin40.8%

Operating margin-108.4%

Net margin-86.1%

Return on assets-10.9%

EBITDAUSD -1.4M

Each USD of equity lost 12 cents this year.

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF -0.6

Net buybacks $ Dividends $

FY2020 · Dividends 383909.0 · Net buybacks —

Total assetsUSD 9.1M

EquityUSD 8.7M

CashUSD 4.6M

Current ratio27.58×

Equity funds 96% of total assets.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating income $B	−0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	−0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
Net income $B	−0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0
Free cash flow $B	−0.0	−0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0
EPS, diluted $	−1.09	1.24	2.47	1.26	0.71	−1.71	0.65	0.30	0.42	0.03	0.02	0.00	−0.06	0.02	0.01	0.04
Dividend / sh $	·	·	·	·	·	·	0.50	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	−22	19	·	·	·	·	·	·	·	·	·
ROE %	−11.8	13.9	34.7	24.3	17.3	−36.9	12.2	5.9	9.5	20.1	19.6	4.3	−46.6	12.2	10.3	40.7
Shares out B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.03	0.03	0.03	0.03	0.03	0.03

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 78 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityAirports, Flying Fields & Airport Terminal Services

Listed onOTC market

Incorporated inNevada

Fiscal year endsDecember 31

SEC categorysmaller reporting company

Data on record since2010