SIA Engineering Company (S59) Q4 24/25 earnings summary

Executive summary

• Revenue rose 13.8% year-over-year to $1,245.1M, with group profit after tax/net profit up 43.8% to $139.6M, driven by robust air travel demand and higher output in engine and component shops.

• Operating profit increased to $14.6M from $2.3M year-over-year, supported by higher MRO demand.

• Share of profits from associates and JVs rose 17.4% to $118.6M.

• Expansion of geographical presence and capabilities, including new facilities and strategic partnerships across Asia-Pacific.

• Proposed final dividend of 7.0 cents per share, total payout for the year at 9.0 cents per share.

Financial highlights

• Basic EPS increased 44% to 12.46 cents.

• Net asset value per share rose to 153.9 cents as of 31 March 2025.

• Return on shareholders' funds/equity improved to 8.2%.

• Cash and bank balances stood at $663.4M as of 31 March 2025, up 2.7% year-over-year.

• Group expenditure increased 12.7% year-over-year, mainly from higher material and subcontract costs.

Outlook and guidance

• Focus on expanding geographical presence, scaling MRO capacity, and digital transformation.

• Ongoing investments in new-generation aircraft capabilities and digital tools like EOS, eLITE, and GenAI.

• Expansion of engine MRO capacity may increase costs in the near to medium term.

• Priorities include safety, quality, and continuous improvement.

• Sustained demand expected in the MRO industry, with limited current impact from higher tariffs.