SATS Ltd has announced a net profit of S$70.9m for the first quarter of FY26, ending 30 June 2025. The company reported a 9.9% increase in revenue, reaching S$1.5b, attributed to volume growth and market share gains in its cargo and aviation food services. The EBITDA also improved by 9.9% to S$273.8m, maintaining a margin of 18.2%.
The company’s Gateway Services saw an 11.2% rise in revenue to S$1.18b, outperforming global growth benchmarks set by the International Air Transport Association (IATA). Meanwhile, Food Solutions revenue increased by 5.6% to S$328.3m, supported by a rise in air travel and inflight meal demand. Operating profit for the quarter rose by 10.9% to S$125.2m, with an operating profit margin of 8.3%.
Kerry Mok, President and CEO of SATS, highlighted the company’s resilience and adaptability, stating, “Our financial performance and market share growth in the first quarter of FY26 reflects continued demand for our services and the effectiveness of our integrated global platform.” He also noted the significance of a recent hub management agreement with Riyadh Air, which underscores SATS’ ability to grow despite a volatile environment.
Looking forward, SATS aims to enhance profitability and strengthen cash flows, focusing on strategic partnerships and infrastructure developments to maintain its leadership in the aviation industry. The company remains optimistic about its ability to outperform global benchmarks in cargo and passenger markets, despite economic uncertainties.
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