SATS Ltd. has announced a net profit of S$243.8m for the financial year ending 31 March 2025, marking a significant increase from the previous year. The company reported a 13% rise in revenue to S$5.82b, attributed to volume growth across its core business segments and increased market share in air-cargo.
The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 32.7% to S$1.04b, with margins expanding from 15.2% to 17.8%. Free cash flow also saw a turnaround, moving from a negative S$48.2m to a positive S$228.3m. SATS achieved S$103m in EBITDA integration synergies within two years, surpassing expectations.
Kerry Mok, President and CEO of SATS, highlighted the company’s robust performance amidst uncertainty, stating, “We achieved profitable growth across our business segments in FY25, consistently surpassing industry growth rates.” He attributed this success to SATS’s resilient business model and strong client relationships.
The company also announced a proposed final dividend of 3.5 pence per share, reflecting its commitment to returning value to shareholders. SATS’s strategic investments include a phased investment of over S$250m to upgrade its Singapore Hub’s ground operations and cargo handling infrastructure.
Looking ahead, SATS remains confident in navigating a dynamic landscape, with plans to capture new opportunities and sustain growth through its global network and service offerings. The proposed dividend will be subject to shareholder approval at the Annual General Meeting on 25 July 2025.
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