SATS POSTS 1Q NET PROFIT OF S$70.9 MILLION
1Q FY26 Highlights (YoY):
• Revenue increased 9.9% to S$1.5B, driven by volume growth and market share gains
• EBITDA improved by 9.9% to S$273.8M with margins sustained at 18.2%
Singapore, 20 August 2025 – SATS Ltd (SATS or the Company and together with its
subsidiaries, the Group) today reports its financial performance for the three months ended
30 June 2025 (1Q FY26).
Amid market volatility and disruptions to global trade flows, SATS Group achieved 1Q FY26 revenue
of S$1.51 billion, an increase of 9.9% compared to the same period last year. The Group attributes
this performance to continued volume growth in its cargo and aviation food services, supported by
our global network.
Gateway Services revenue rose 11.2% year-on-year to S$1.18 billion, driven by a larger customer
portfolio and strong cargo volume growth that outperformed IATA’s global growth benchmarks.
Food Solutions revenue rose 5.6% year-on-year to S$328.3 million, driven by sustained growth in
air travel and inflight meal demand.
The Group's expenditure (excluding depreciation and amortisation) was up 9.9% year-on-year at
S$1.23 billion, in line with higher business volumes.
Operating profit for 1Q FY26 rose 10.9% year-on-year to S$125.2 million, with operating profit margin
at 8.3%.
The share of earnings from associates and joint ventures decreased 7.1% to S$33.0 million year-
on-year, mainly due to a one-off net gain recognised in the prior-year period. Underlying results
reflect increased business volumes.
The Group posted PATMI of S$70.9 million, up S$5.9 million over 1Q FY25.
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