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SIA Engineering (SGX:S59) reported an 8.6% y-o-y decline in 1QFY27 revenue to S$327.6m due to lower materials-related contributions, without which revenue would have been 4.2% higher y-o-y, indicating that the underlying MRO business experienced healthy expansion.
A soft start to the year.
- - Read this at SGinvestors.io -
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Expenses fell 11.0% y-o-y to S$314.4m, such that operating profit more than doubled to S$13.2m (1QFY26: S$5.1m).
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Share of profits from associates and joint ventures (JV), however, plunged 18.0% y-o-y to S$31.0m, driven by the Engine and Component segment on start-up costs, partially offset by growth in the Airframe and Line Maintenance segment alongside greater flight handling volumes. As a result, net profit after tax was 6.1% lower y-o-y at S$40.3m.
- - Read this at SGinvestors.io -
Notable recent developments
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Group Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Ada Lim OCBC Group Research | https://www.iocbc.com/ 2026-07-24
Previous report by OCBC:
2026-05-12 SIA Engineering - Long Term Growth Trajectory Intact.
Price targets by 3 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
