SATS posts $70.4m profit in Q3 FY25

The group’s revenue also grew 12.5% YoY.

SATS Ltd. recorded a net profit of $70.4m in Q3 FY25, up $38.9m YoY, driven by higher business volumes and increased customer rates.

The group’s revenue also grew 12.5% YoY to $1.52b due to rising business volume and pricing adjustments.

Gateway Services revenue increased 10.1% YoY to $1.17b, supported by favorable market conditions and market share growth.

Additionally, cargo volumes surpassed IATA’s global growth benchmarks, driven by broad-based demand and a shift from ocean freight to air cargo due to Red Sea disruptions.

Food Solutions revenue rose 21.1% YoY to $356.7m, reflecting increased demand for inflight meals as travel rebounded.

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