SIA Engineering - OCBC Investment Research 2025-05-13: In-line Results; Focus On Building Resilience

• Stable demand growth for MRO services – 2HFY25 revenue increased 15.3% y-o-y to S$668.9m. Expenditures grew at a slower 13.8% y-o-y; as a result, SIA Engineering turned in an operating profit of S$11.1m for the year, as compared to S$2.2m in 2HFY24.
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FY25 revenue and PATMI deem to be in line with our expectations.

• On a full year basis, SIA Engineering’s FY25 revenue was up 13.8% to S$1.2b, outpacing a 12.7% increase in expenditure and translating to an operating profit of S$14.6m (FY24: S$2.3m). The increase in expenditure was largely driven by higher material and subcontract costs.
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FY25 dividend of 9 cents.

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Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-05-29 SIA Engineering - Materially Positive Development.

Price targets by other brokers at SIA Engineering Target Prices.

Listing of research reports at SIA Engineering Analyst Reports.

Relevant links:
SIA Engineering Share Price History,
SIA Engineering Announcements,
SIA Engineering Dividend Payout Dates & Corporate Actions,
SIA Engineering News