SATS ( (SPASF) ) has released its Q1 earnings. Here is a breakdown of the information SATS presented to its investors.
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SATS Ltd., headquartered in Singapore, is a leading provider of air cargo handling services and airline catering in Asia, with a global presence spanning the Asia-Pacific, Americas, Europe, the Middle East, and Africa. The company operates over 225 stations in 27 countries, covering trade routes responsible for more than 50% of global air cargo volume.
In its latest earnings report for the first quarter of fiscal year 2026, SATS Ltd. announced a net profit of S$70.9 million, marking a 9.1% increase from the previous year. The company reported a 9.9% rise in revenue to S$1.5 billion, driven by volume growth and market share gains in its cargo and aviation food services.
Key financial highlights include a 9.9% increase in EBITDA to S$273.8 million, with margins maintained at 18.2%. Operating profit rose by 10.9% to S$125.2 million, while the share of earnings from associates and joint ventures saw a decline due to a one-off gain in the prior year. Despite a decrease in operating cash flow due to delayed customer payments, SATS continues to expand its customer base with significant wins in the aviation sector.
Looking forward, SATS remains optimistic about its Gateway Services and Food Solutions segments, expecting continued resilience and growth amid economic uncertainties. The company is focused on enhancing profitability, strengthening cash flows, and investing in strategic partnerships to sustain long-term growth.
SATS’ management remains confident in maintaining momentum across its businesses, leveraging its global network and strong customer relationships to navigate the evolving aviation industry landscape.