SIA Engineering Group has announced a net profit of $41.9m for the third quarter of FY2025-26, marking a $3.7m increase from the previous year. This growth is attributed to steady demand for Maintenance, Repair and Overhaul (MRO) services, with a 3% rise in flight handling volumes in Singapore. The company also expanded its line maintenance operations to Manila, now operating in 39 airports across nine countries.
The quarter saw Base Maintenance Malaysia (BMM) secure regulatory approval for its first hangar, conducting its inaugural A350 heavy check. A second hangar is anticipated to be operational in the latter half of FY2026-27. Additionally, SIA Engineering signed a Letter of Intent with Safran Aircraft Engines to explore a joint venture in CFM LEAP engine maintenance services in Singapore.
Financially, the group reported an 8.7% increase in revenue to $353.1m, whilst expenditure rose by 8.4% to $347.1m. The operating profit improved by $1.3m to $6m, despite initial losses from new subsidiaries. The share of profits from associated and joint ventures increased by $6.6m to $38.8m.
Looking ahead, SIA Engineering anticipates continued demand for MRO services, driven by global passenger traffic growth, especially in the Asia-Pacific region. The company remains focused on expanding its geographical presence and capabilities to support next-generation aircraft, aiming for long-term sustainable growth amidst supply chain challenges and geopolitical uncertainties.
