SIA Engineering Co reports 3QFY2026 net profit of $41.9 mil; 9MFY2026 net profit of $125.2 mil

3QFY2026 group revenue rose by 8.7% y-o-y to $353.1 million, while group expenditure rose at a lower rate of 8.4% y-o-y to $347.1 million. The higher expenses were mainly attributable to higher manpower costs, subcontract services, materials and IT system implementation as well as startup costs at two new subsidiaries.

As such, the group reported an operating profit of $6 million, 27.7% or $1.3 million higher y-o-y.

During the quarter, SIAEC’s share of profits of associated and joint venture (JV) companies stood at $38.8 million or 20.5% higher y-o-y. The higher sum was thanks to improvements of $6.2 million and $0.4 million from the engine and componet as well as the airframe and line maintenance segments, respectively.

As at Dec 31, 2025, equity attributable to owners of the parent fell by 0.7% or $12.7 million to $1.71 billion from March 31, 2025, mainly due to a reduction in the foreign currency translation reserve and the payment of final dividend for the last financial year. This was partly offset by profits earned during the period.

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Total assets as at the same period stood $47.8 million higher than March 31, 2025, at $2.19 billion. SIAEC’s net asset value (NAV) per share as of Dec 31, 2025, stood at 152.6 cents.

In its Feb 19 release, SIAEC says it saw steady demand for its maintenance, repair and overhaul (MRO) services. Flight handling volumes across its line maintenance network continued to grow, with 3% more flights handled in Singapore on a y-o-y basis.

Base Maintenance Malaysia (BMM), SIAEC’s subsidiary, obtained regulatory approvals for the first of its two hangars. BMM has also performed its first aircraft check, an A350 heavy check. BMM’s second hangar is slated to be operationally ready by the seocnd half of FY2026 to FY2027.

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Looking ahead, SIAEC expects sustained demand for MRO services, driven by continued growth in global passenger traffic, particularly in the Asia-Pacific region. The company adds that it remains vigilant and agile in managing industry-wide supply chain pressures and navigating geopolitical uncertainties.

Shares in SIAEC closed 9 cents higher or 2.59% up at $3.57 on Feb 19.