SATS profit rises 17% to $285m in FY26 on record revenue

Cargo growth and food services lifted revenue.

SATS Ltd. reported a 17% increase in profit attributable to shareholders to $285.2m for financial year (FY) 2026, supported by higher revenue across its aviation and food services segments, according to its latest results.

Revenue rose 9% year on year (YoY) to a record $6.35b, driven by growth in cargo volumes, ground handling, and food solutions. Fourth-quarter revenue increased 9.8% to $1.62b.

Full-year operating profit increased 14.2% to $543.3m, with operating margin at 8.6% versus 8.2% a year earlier. EBITDA rose 10.6% to $1.15b, with margin at 18.1%.

Gateway Services revenue increased 10.8% to $4.95b, whilst Food Solutions revenue rose 2.9% to $1.39b. SATS said it increased its stake in Nanjing Weizhou Airline Food Corp. (NWA) to 90%, strengthening its China food production footprint.

Free cash flow for FY2026 was $215.8m, compared with $228.3m a year earlier, reflecting higher capital expenditure on facility expansion.

For the fourth quarter of 2026, profit attributable to shareholders rose 31% to $50.7m.

Revenue increased 9.8% to $1.62b, whilst operating margin declined to 6.7% from 7.3% a year earlier. Operating costs and ramp-up expenses for new facilities were higher in the period.

The group said performance in the final month of the quarter was affected by the Middle East conflict, which impacted revenue, costs, and earnings from associates and joint ventures.

The board proposed a final dividend of 5.0 cents per share, up from 3.5 cents a year earlier, bringing total FY2026 dividends to 7.0 cents per share.

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