SIA Engineering Company (S59) Q3 25/26 earnings summary

Executive summary

• Net profit for Q3 FY2025-26 reached $41.9M, up $3.7M year-over-year, driven by steady MRO demand and expanded operations.

• Line maintenance network grew to 39 airports in nine countries, with new operations in Manila starting January 2026.

• Base Maintenance Malaysia completed its first A350 heavy check and expects a second hangar to be ready in H2 FY2026-27.

• Signed LOI with Safran Aircraft Engines to explore a joint venture for LEAP engine MRO in Singapore.

Financial highlights

• Revenue for Q3 FY2025-26 rose 8.7% year-over-year to $353.1M; expenditure increased 8.4% to $347.1M.

• Operating profit was $6.0M, up $1.3M from the prior year quarter.

• Share of profits from associates and JVs increased $6.6M year-over-year to $38.8M.

• Net profit for the nine-month period was $125.2M, up from $107.0M year-over-year.

• Basic EPS for Q3 was 3.74 cents; net asset value per share at 31 Dec 2025 was 152.6 cents.

Outlook and guidance

• Sustained MRO demand expected, driven by Asia-Pacific passenger traffic growth.

• Focus on expanding geographical presence, MRO capacity for next-gen aircraft, and core service resilience.

• Vigilance maintained regarding supply chain and geopolitical risks.