SATS Ltd has announced a net profit of S$78.9m for the second quarter of the financial year 2026, marking a 13.3% increase from the previous year. The company’s revenue surged by 8.4% to S$1.57b, attributed to robust cargo volume growth and steady contributions from ground handling and food services.
The company’s Gateway Services revenue increased by 10.7% year-on-year to S$1.22b, outperforming the International Air Transport Association’s (IATA) global growth benchmarks. Meanwhile, Food Solutions revenue saw a modest rise of 1.0% to S$356.5m, reflecting stable inflight meal demand amid expanding air travel in the Asia-Pacific region.
Operating profit for the quarter rose by 23.7% to S$157.4m, with the operating profit margin expanding to 10.0% from 8.8% in the previous year. This improvement was driven by favourable operating leverage from volume growth and continued operational efficiency gains.
Despite these positive results, the share of earnings from associates and joint ventures decreased by 7.3% to S$60.6m y-o-y, primarily due to ramp-up costs associated with new customer onboarding in a joint venture.
SATS has declared an interim dividend of 2 Singapore cents per share, payable on 5 December 2025. Looking ahead, the company remains focused on adapting its operations to manage volume shifts whilst maintaining operational discipline.
