SATS posts record revenue in FY26
Dhaka: Singapore-based aviation services company SATS Ltd has reported record revenue of SGD 6.35 billion for the financial year ended March 31, driven by strong cargo volume growth and global network expansion.
Revenue rose 9.0% from the previous year. Full-year profit after tax and minority interests grew 17.0% to SGD 285.2 million.
Cargo processed across the combined SATS and Worldwide Flight Services (WFS) network reached 9.65 million tonnes, up 7.0% year on year. SATS said its cargo volumes have outperformed IATA's global benchmarks over the past two and a half years, supported by market share gains and network expansion.
Gateway Services revenue rose 10.8% to SGD 4.95 billion, while Food Solutions revenue increased 2.9% to SGD 1.39 billion. EBITDA rose 10.6% to SGD 1.15 billion, with the margin improving to 18.1%.
During the year, SATS renewed its cargo handling partnership with EVA Air across US stations, expanded its business with Air Europa Cargo in Spain, and acquired Aviapartner Cargo NV at Brussels Airport.
The combined SATS and WFS network now operates over 225 stations across 27 countries, supporting cargo, passenger, and ground handling operations across key trade lanes.
In its outlook, SATS noted that air cargo demand remained robust through much of FY26. However, the escalating Middle East conflict in the final quarter weighed on revenue, costs, and operating profit.
The company said it will continue scaling investment in technology and AI across its global network while managing infrastructure investment in line with the dynamic operating environment.
SATS President and CEO Kerry Mok said the results reflected the strength of the company's platform and network despite a challenging operating environment.
"The conflict in the Middle East has weighed on industry performance. We have been working closely with our customers to maintain their cargo flows as routes and lanes shift, drawing on the breadth of our network to serve them wherever they need us," Mok said.
"While short-term challenges persist, our operating model has consistently proven its resilience," he added, saying the company enters FY27 with a broader network, continued infrastructure investment, and a strong pipeline of opportunities.
