SIA Engineering posts $38.2m net profit in Q3 FY2024-25

Flight volumes in Singapore grew 8.4% YoY.

SIA Engineering Company (SIAEC) reported a net profit of $38.2m for the third quarter of FY2024-25, an increase of $11.3m compared to the same period last year.

The group’s revenue also grew 11.3% to $324.8m, whilst expenditure increased at a slower rate of 8.5% to $320.1m, mainly due to higher manpower and repair costs.

As a result, the company’s operating performance rebounded from a $3.4m loss in the same quarter last year to an operating profit of $4.7m.

SIAEC handled 8.4% more flights year-on-year in Singapore, with December 2024 flight volumes surpassing pre-pandemic levels recorded in December 2019. However, in Base Maintenance, fewer aircraft checks were completed due to a higher proportion of more complex work, which required longer hangar stays. Some checks were further delayed by supply chain disruptions.

Despite these challenges, engine and component repair and overhaul output increased, supported by efforts to mitigate supply chain constraints.

The company’s share of profits from associated and joint venture companies rose $8.4m year-on-year to $32.2m, led by a $7.8m improvement in the Engine and Component segment and a $0.6m increase in the Airframe and Line Maintenance segment.

On the investment front, SIAEC continues to expand its presence in the region. Following a memorandum of understanding signed in 2023, the company entered a non-binding framework agreement in November 2024 with Xiamen Iport Group (IPORT Group) to explore investment opportunities in Arport Aircraft Maintenance & Engineering (Fujian).

Additionally, the subsidiary of IPORT Group provides line maintenance and ground services across four airports in Fujian, China.

Despite ongoing supply chain challenges, rising costs, and a tight labor market, SIAEC remains focused on long-term growth. The company is rolling out a new Enterprise Operating System to improve efficiency and resilience whilst continuing to invest in capacity, capabilities, and geographic expansion.

Follow the link for more news on

SIA Engineering Company

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia