SATS Ltd Reports Strong Financial Performance for 2Q FY26: Revenue Up 8.4% to S$1.6B and Interim Dividend Declared

SATS Ltd. Reports Strong Financial Growth in 2Q FY26

SINGAPORE, 20 November 2025 — SATS Ltd. (SGX: S58), a leading provider of air cargo handling and airline catering services, has announced impressive financial results for the second quarter of FY26, showcasing resilience amid fluctuating global trade conditions.

Key Financial Highlights

For the three months ending 30 September 2025, SATS reported a revenue increase of 8.4%, reaching S$1.57 billion compared to S$1.45 billion in the same period last year. This growth was primarily driven by robust cargo volume across Asia, Europe, and the Middle East.

The company’s EBITDA surged by 15.7% to S$307.4 million, with an expanded EBITDA margin of 19.6%, up from 18.3% in the previous year. Operating profit also saw a significant rise, climbing 23.7% to S$157.4 million, reflecting the Group’s operational efficiency and effective cost management strategies.

SATS has declared an interim dividend of 2 cents per share, payable on 5 December 2025, rewarding shareholders for their continued support.

Operational Performance

The Group’s Gateway Services segment, which includes airfreight and ground handling, reported a 10.7% year-on-year revenue increase to S$1.22 billion. This growth was attributed to market share gains and cargo volumes that outperformed IATA’s global growth benchmarks.

Meanwhile, SATS’ Food Solutions segment experienced a modest revenue growth of 1.0% to S$356.5 million, driven by stable inflight meal demand amid the ongoing expansion of air travel in the Asia-Pacific region.

Financial Position and Future Outlook

As of 30 September 2025, SATS’ total equity rose to S$2.90 billion, bolstered by the profit generated in the first half of FY26. The Group’s total assets stood at S$8.89 billion, with total liabilities decreasing to S$5.99 billion.

Looking ahead, SATS remains optimistic about its growth trajectory. The company plans to enhance its operational capabilities, particularly in e-commerce and freight forwarding, with recent developments including the opening of a new handling facility at Copenhagen Airport and the renewal of a significant contract with Air China Cargo.

Kerry Mok, SATS President and CEO, stated, “Our second-quarter results reflect the strength of our global network and consistent execution across our operations. While we acknowledge the impact of front-loading ahead of tariff changes, we are committed to adapting our operations to meet evolving market demands.”

With a focus on operational efficiency and disciplined cost management, SATS is well-positioned to navigate the complexities of global trade and continue delivering value to its stakeholders.

For more information, visit SATS Ltd..

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