SIA Engineer net profits up 43.8% for full year 2024-2025

The group posted a group revenue of $1.24b for the year.

SIA Engineering posted profits attributable to owners of the parent of $139.6m for the full year 2024-2025, a 43.8% increase from the same period last year.

The group posted a 13.8% increase in revenue to $1.24b for the financial year ended 31 March 2025 on the back of stable growth in the demand for aircraft maintenance, repair and overhaul (MRO) services,

Group expenditure also rose, but at a lower rate of 12.7%, with the increase mainly from higher manpower costs and material usage.

The group’s operating performance improved $12.3m year-on-year, from an operating profit of $2.3mn in the last financial year to an operating profit of $14.6m in this financial year.

The group’s associated and joint venture companies also saw similar trend of increase in demand and returned 17.4% year-on-year increase in share of profits to $118.6m. Profits from the engine and component segment rose 15.8% to $113.1m, whilst profits from the airframe and line maintenance segment increased 66.7% to $5.5m.

In the last financial year, the group exited from the Pratt & Whitney PW1500G engine Risk-Revenue Sharing Programme (RRSP) and made a one-time write-off of $25.1m in net assets.

Basic earnings per share was 12.46 cents for the financial year, 44% higher year-on-year.

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