SATS Ltd., a leading provider of air cargo handling services, has announced a net profit of S$70.4m for the third quarter of the financial year 2025, marking a significant improvement from the previous year. The company’s revenue increased by 12.5% to S$1.52b, attributed to a rise in business volumes and rate increases.
The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) margin expanded from 15.7% to 17.3%, reaching S$263.9m. Free cash flow also saw a notable improvement, rising from S$44.7m to S$118.1m. SATS secured S$92m of its targeted S$100m in EBITDA integration synergies.
Kerry Mok, President and CEO of SATS, highlighted the role of scale and operating efficiencies in achieving profitability. “The recovery of passenger volumes at Changi Airport to 99.1% of pre-pandemic levels also contributed to our improved performance,” Mok stated.
The company’s Gateway Services revenue increased by 10.1% year-on-year to S$1.17b, whilst Food Solutions saw a 21.1% rise to S$356.7m, driven by the recovery in travel and demand for inflight meals. Operating profit for the quarter rose by S$43.9m to S$127.3m, with an improved operating profit margin of 8.4%.
Looking ahead, SATS remains focused on expanding its network and enhancing operational excellence, positioning itself to support customers amid ongoing market volatility.
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