Sats has reported earnings of $78.9 million for the 2QFY2026 ended Sept 30, up 13.3% y-o-y. For the 1HFY2026, earnings grew 11.2% y-o-y to $149.8 million.
Revenue for the second quarter of FY2026 came in 8.4% y-o-y higher at $1.57 billion, and for the 1HFY2026, revenue grew 9.1% y-o-y to $3.08 billion.
Sats says that the increase in revenue for 2QFY2026 is attributable to strong cargo performance alongside steady contributions from ground handling and food services.
Gateway services revenue rose 10.7% y-o-y to $1.22 billion, driven by continued market share gains with cargo volumes that outperformed global benchmarks.
Food solutions revenue grew 1% y-o-y to $356.5 million, reflecting stable inflight meal demand.
The share of earnings from associates and joint ventures decreased 7.5% y-o-y to $27.5 million due to ramp-up costs associated with new customer onboarding in a joint venture.
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As at Sept 30, total equity increased to $2.9 billion attributable to profit generated in the half year ended Sept.
Total assets stood at $8.89 billion as at end Sept, and total liabilities decreased to $5.99 billion due to lower trade and other payables and the repayment of the $100 million in Singapore dollar medium term notes in April.
The board of directors has declared an interim dividend of 2 cents per share.
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Sats says that it has outperformed IATA benchmarks over the past eight consecutive quarters, though the second quarter volumes reflected in part accelerated customer shipments ahead of tariff implementations.
Recent developments include the opening of a new E-Commerce and Freight Forwarder Handling facility at Copenhagen Airport, and the renewal of an Air China Cargo contract in Liège
The group onboarded and ramped-up operations for several new customers, including Emirates SkyCargo and eDirect Transport at Frankfurt Cargo Services and Turkish Airlines at JFK Airport’s Building 260 in 2QFY2026.
Shares in Sats closed 3 cents higher or 0.852% up at $3.55 on Nov 13.
