- SIA Engineering provided a 1QFY26 business update; results were largely in-line with our expectations.
- Revenue for the quarter increased 33.4% y-o-y to S$358.4m as MRO demand remained robust. The line maintenance unit handled 39.5k flights in Singapore during the quarter, marking an increase of 3.5% y-o-y.
Net profit after tax grew 29.2% y-o-y; results met our expectations.
- - Read this at SGinvestors.io -
- Expenses grew at a slightly slower 32% y-o-y to S$353.3m on higher material and manpower costs; as a result, operating profit grew S$4.1m y-o-y to S$5.1m.
- Together with a 35% y-o-y increase in share of profits from associates and joint venture (JV) companies to S$37.8m, SIA Engineering reported a net profit after tax of S$42.9m, which is 29.2% higher y-o-y.
Is SIAEC a potential beneficiary of the S$5b Equity Market Development Program (EQDP)?
- - Read this at SGinvestors.io -
- SIA Engineering provided a 1QFY26 business update; results were largely in-line with our expectations.
- Revenue for the quarter increased 33.4% y-o-y to S$358.4m as MRO demand remained robust. The line maintenance unit handled 39.5k flights in Singapore during the quarter, marking an increase of 3.5% y-o-y.
- Meanwhile, its base maintenance unit performed 147 light checks and 23 heavy checks at the Singapore base, versus 171 and 18 in 1QFY25, respectively.
- Expenses grew at a slightly slower 32% y-o-y to S$353.3m on higher material and manpower costs; as a result, operating profit grew S$4.1m y-o-y to S$5.1m.
- Together with a 35% y-o-y increase in share of profits from associates and joint venture (JV) companies to S$37.8m, SIA Engineering reported a net profit after tax of S$42.9m, which is 29.2% higher y-o-y.
- Is SIA Engineering a potential beneficiary of the S$5b Equity Market Development Program (EQDP), and could this drive the next leg of re-rating? We think this company is a wildcard.
- Read more at SGinvestors.io.
