Significant Increase in Net Profit
Net profit jumped to $65 million, a $95 million improvement compared to the previous year.
Cargo Volume Growth
Cargo volume benefited from growth tailwinds, with a 19% increase, outpacing industry growth.
Strong Growth in Aviation Meals
Aviation meals volume increased by 27% year-on-year, contributing to a 15.5% overall growth.
EBITDA Margin Improvement
EBITDA grew to $249 million with a margin of 18.2%, showcasing improved operational efficiency.
Successful Strategic Partnerships
New strategic partnerships with Mitsui and Shun Feng aim to expand market reach and utilization of food factories.
Positive Free Cash Flow
Free cash flow increased by $126 million, reversing a negative flow to $37 million positive.
Recognition and Awards
Recognized for transparency as the most transparent company on SGX and accolades for Asian cuisine quality.