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.
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.
