SIA Engineering Group has announced a significant financial achievement for the fiscal year ending 31 March 2026, with a 21% rise in net profit to $168.9m. This increase, the highest since the COVID-19 pandemic, is attributed to robust demand for maintenance, repair, and overhaul (MRO) services, which drove a 14.3% rise in revenue to $1,422.9m.
The Group’s operating profit saw a substantial improvement, increasing by 101.4% to $29.4m, despite a 13.2% rise in expenditure due to new subsidiary setup costs and increased manpower and material expenses. The associated and joint venture companies also contributed positively, with a 22.5% increase in profit share, reaching $145.3m.
The Group’s strategic focus on expanding its geographical presence and enhancing MRO capabilities has been pivotal. Notable developments include the commencement of operations at Techo International Airport in Cambodia and the expansion of services in Manila. Additionally, a joint venture in China aims to bolster the Group’s MRO services across several airports.
Looking ahead, SIA Engineering Group remains committed to its growth strategy, focusing on Asia-Pacific expansion, capacity scaling for next-generation aircraft, and core service strengthening. The Group is also set to pay a final dividend of 8.5 cents per share, pending shareholder approval, bringing the total dividend for the year to 11.0 cents per share.
