SATS Ltd has announced a record net profit of S$285.2m for the financial year ending 31 March 2026, marking a 17% increase from the previous year. The company reported a 9% rise in revenue to S$6.35b, driven by growth across all business segments, despite challenges posed by the Middle East conflict.
The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 10.6% to S$1.15b, with the EBITDA margin expanding from 17.8% to 18.1%. SATS also reported a free cash flow of S$215.8m, although this was slightly down from the previous year due to increased capital expenditure on facility expansions.
Kerry Mok, President and CEO of SATS, highlighted the company’s resilience amidst a challenging year. “We delivered record full-year revenue, underpinned by the strength of our platform and consistent execution across our network,” Mok stated. He acknowledged the impact of the Middle East conflict on industry performance but emphasised the company’s efforts to maintain cargo flows by leveraging its extensive network.
In response to the strong financial performance, SATS has proposed a final dividend of 5.0 cents per share, a 43% increase from the previous year, bringing the total full-year dividend to 7.0 cents per share. This proposal will be presented for approval at the Annual General Meeting on 17 July 2026.
Looking ahead, SATS plans to continue expanding its network and investing in infrastructure and technology to sustain long-term growth. Mok expressed confidence in the company’s ability to deliver value for shareholders, citing a strong pipeline of opportunities and a broader network as key factors for future success.
