- SIA Engineering’s financial performance continued the post-pandemic improvement in 3QFY25, with headline net profit rising 7.4% q-o-q (42.0% y-o-y) to S$38.2m, representing the highest quarterly level since the onset of the pandemic.
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- Revenue rose 5.6% q-o-q (11.3% y-o-y), backed by a continued improvement in the line maintenance business volume.
Moderate q-o-q improvement in operating profit.
- SIA Engineering’s operating profit managed a moderate q-o-q improvement to S$4.7m in 3QFY25 (2QFY25: S$2.4m); this was still below the S$15m-20m quarterly levels that SIA Engineering used to achieve before the pandemic.
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JVs and associates remained key contributors.
- Overall profit contribution from JVs and associates were in line with our expectation, at S$90.8m in 9MFY25 (+23.0% y-o-y), forming 75% of our full-year forecast. The growth was broad-based across:
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