• SATS Ltd. reported a 13.3 percent year-on-year increase in net profit for Q2 FY26, reaching S$78.9 million, supported by strong cargo growth and disciplined cost management. Revenue rose 8.4 percent to S$1.57 billion, driven by a 10.7 percent increase in Gateway Services. Operating profit climbed 23.7 percent to S$157.4 million, with EBITDA up 15.7 percent.
• For the half-year, net profit stood at S$149.8 million, while revenue reached S$3.08 billion. SATS’ CEO Kerry Mok highlighted ongoing investments in automation, digitalisation, and talent as the company builds a next-generation air hub in Singapore. An interim dividend of 2 cents per share was declared, payable on 5 December 2025.

SATS Ltd., Asia’s leading provider of food solutions and gateway services, has reported a robust financial performance for the second quarter of its fiscal year 2026, underpinned by strong cargo growth, operational discipline, and ongoing recovery in air travel and logistics markets.

For the quarter ended 30 September 2025, SATS posted a net profit (PATMI) of S$78.9 million, marking a 13.3 percent year-on-year increase. The result was driven by solid growth in gateway services and continued expansion across key global markets.

Revenue and Operating Profit on the Rise

Total revenue rose 8.4 percent year-on-year to S$1.57 billion, supported by higher cargo volumes across Asia, Europe, and the Middle East, as well as steady contributions from inflight catering and cruise services.

Gateway Services remained the group’s largest revenue contributor, increasing 10.7 percent to S$1.22 billion. The performance outpaced IATA cargo trends and reflected growing demand from key airline partners, including Emirates SkyCargo, Turkish Airlines, and China Southern Cargo.

Operating profit jumped 23.7 percent to S$157.4 million, while EBITDA rose 15.7 percent to S$307.4 million, improving the EBITDA margin from 18.3 percent to 19.6 percent.

The Food Solutions segment grew at a slower pace, up 1.0 percent to S$356.5 million, reflecting stable airline catering volumes and enhanced cruise passenger services at the Marina Bay Cruise Centre.

Half-Year Performance and Strategic Outlook

For the first half of FY26, SATS reported total revenue of S$3.08 billion, up 9.1 percent year-on-year. Net profit for the half stood at S$149.8 million, representing an 11.2 percent increase, while operating profit rose 17.7 percent to S$282.6 million.

SATS Group President and CEO Kerry Mok noted that the company’s ability to scale operations globally while maintaining cost discipline has been key to sustaining profitability. “We are building a stronger, more agile SATS – one that is positioned to capture long-term growth in both passenger and cargo markets,” he said.

He also highlighted SATS’ vision for the next-generation air hub in Singapore, with investments in automation, digitalisation, and talent development through the “Hub Handler of the Future” initiative. The company’s new SATS Cruise Centre has also helped support Singapore’s growing cruise tourism market.

Future Growth Anchored in Cargo and Digitalisation

As global trade routes evolve and e-commerce demand accelerates, SATS continues to invest in specialised cargo handling infrastructure and digital capabilities. It is strengthening its regional footprint to better serve freight forwarders, integrators, and airline clients with tailored solutions.

Despite global headwinds, including inflationary pressures and geopolitical uncertainty, the group remains confident in its long-term strategy. Its ability to integrate recent acquisitions and deepen partnerships across markets is expected to further enhance earnings stability and shareholder value.

To reward investors, SATS declared an interim dividend of 2 Singapore cents per share, payable on 5 December 2025.