SIA Engineering Group has announced a significant 44% increase in its net profit for the financial year ending 31 March 2025, reaching $139.6m. This growth was primarily supported by a 13.8% rise in revenue to $1,245.1m, attributed to stable demand for aircraft maintenance, repair, and overhaul (MRO) services. The group’s operating profit also saw a substantial improvement, climbing from $2.3m in the previous year to $14.6m.
The company’s associated and joint venture entities contributed to this positive performance, with a 17.4% increase in share of profits, totalling $118.6m. Notably, profits from the engine and component segment rose by 15.8% to $113.1m, whilst the airframe and line maintenance segment experienced a 66.7% increase to $5.5m.
SIA Engineering’s financial position remains robust, with total assets standing at $2,141.4m as of 31 March 2025. The company has proposed a final dividend of 7 pence per share, subject to shareholder approval at the upcoming Annual General Meeting on 22 July 2025. This brings the total dividend payout for the year to 9 pence per share, up from 8 pence in the previous year.
Looking ahead, SIA Engineering is focused on expanding its geographical presence, particularly in the Asia-Pacific region, and enhancing its MRO capabilities for new-generation aircraft. The company is also investing in digital solutions to improve operational efficiency and maintain its competitive edge in the industry.
“`
