The group’s revenue for the period came in 9.9% y-o-y higher at $1.51 billion, and ebitda similarly came in 9.9% y-o-y higher at $273.8 million. SATS says that this was achieved amid market volatility and disruptions to global trade flows.
The group says that this growth in revenue is due to continued volume growth in its cargo and aviation food services, supported by its global network. Its Gateway Services business segment revenue rose 11.2% y-o-y to $1.18 billion, driven by a larger customer portfolio and strong cargo volume growth that outperformed IATA’s global growth benchmarks.
Meanwhile, its Food Solutions segment revenue rose 5.6% y-o-y to $328.3 million, driven by sustained growth in air travel and inflight meal demand.
The group’s expenditure (excluding depreciation and amortisation) was up 9.9% y-o-y at $1.23 billion, in line with higher business volumes.
SATS’ share of earnings from associates and joint ventures decreased 7.1% to $33.0 million y-o-y, mainly due to a one-off net gain recognised in the prior-year period.
As at June 30, total assets stood at $8.82 billion, a decline from the $66.5 million from last quarter due to lower cash balance, depreciation and amortisation of assets.
See also: SingPost reports 60% lower operating profit in 1QFY2026 business update
Total liabilities decreased by $65.0 million to $6.05 billion due to the repayment of $100 million in Singapore dollar Medium Term Notes (SGD MTN) in April 2025.
For 1QFY2026, operating cash flow after lease repayment was $45.8 million, down from $86.6 million in the same period last year, due to a delay of customer payments into July 1.
Shares in SATS closed 5 cents lower or 1.548% down at $3.18 on Aug 20.
