SATS net profit rises 6% to $75.1m in Q1 FY2027
Revenue jumps by 11.3% to $1.68b during the period.
SATS Ltd’s net profit rose 6% to $75.1m in the first quarter (Q1) of FY2027, from $70.9m a year earlier.
Revenue increased 11.3% to $1.68b, whilst EBITDA grew 5.9% to $290m. EBITDA margin narrowed to 17.3% from 18.2%.
Gateway Services revenue climbed 12.8% to $1.33b, whilst Food Solutions revenue rose 5.4% to $346m.
Basic earnings per share increased to 5.1 cents from 4.8 cents in the previous year.
Cargo processed jumped 8.6% to 2.59 million tonnes. Volumes in Asia-Pacific (APAC) rose 8.5% to 806,600 tonnes, whilst EMEA increased 8.2% to 1.04 million tonnes and the Americas grew 9.5% to 739,900 tonnes.
The group handled approximately 165,200 flights in Q1, up 4% year-on-year.
However, flights handled in APAC declined by 5.1% to 83,300, whilst EMEA rose by 11.3% to 3,800 and the Americas increased by 15.5% to 78,200.