SATS Limited (SGX:S58
) has reported earnings of $285.2 million for the FY2026 ended March 31, up 17% y-o-y.
Meanwhile, SATS has achieved a record revenue of $6.35 billion in the same period, which represent an increase of 9% y-o-y.
SATS explained that the record revenue was supported by robust cargo volume growth and contributions from ground handling and food services.
Gateway services revenue rose 10.8% y-o-y to $4.95 billion, driven by continued market share gains and cargo volumes that outperformed IATA’s global growth benchmarks.
Food solutions revenue grew 2.9% y-o-y to $1.39 billion, reflecting stable inflight meal demand.
Operating profit rose 14.2% y-o-y to $543.3 million, with operating profit margin expanding from 8.2% in FY2025 to 8.6% in FY2026, citing improved operating leverage.
See also: Addvalue Technologies’ FY2026 earnings surge by 147.5% y-o-y to US$4.8 mil
Share of earnings from associates and joint ventures was stable at $114.5 million.
As at March 31, SATS’ total equity increased to $2.94 billion, primarily attributed to profit generated during the financial year.
Total assets grew to $9.07 billon while total liabilities increased by $23.3 million to $6.14 billion as compared to March 31, 2025.
Operating cash flow after lease repayment was $560.5 million for FY2026, an increase of $110.5 million from a year ago.
Free cash flow stood at $215.8 million, slightly lower compared against the figure of $228.3 million a year ago, due to higher capital expenditure and lease payments for facility expansions.
SATS’ board of directors has declared a final dividend of 5 cents per share, up 43% y-o-y from 3.5 cents per share.
Combined with the interim dividend of 2 cents per share, total full-year dividend stood at 7 cents per share, which represent a 40% y-o-y increase.
The proposed final dividend will be tabled for shareholders’ approval at the upcoming AGM on July 17 and if approved, will be paid on August 6. Book closure date is July 24.
"While short-term challenges persist, our operating model has consistently proven its resilience. We enter FY2027 with a broader network, continued infrastructure investment, a strong pipeline of opportunities and confidence in our ability to deliver long-term value for our shareholders,” says Kerry Mok, SATS’ president and CEO.
Shares of SATS closed 9 cents higher, or 2.74% up at $3.37 on May 25.
