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LATEST COMPANY ANNOUNCEMENT

SATS LTD – Singapore Airport Terminal Services.

SG1I52882764

Q2 FY2026

Associate: Anne Ching

13 November 2025

SATS POSTS 2Q NET PROFIT OF S$78.9 MILLION

2Q FY26 Highlights (YoY):

  • Revenue rose 8.4% to S$1.6B, driven by strong cargo volume growth across Asia, Europe and the Middle East
  • EBITDA grew 15.7% to S$307.4M with margin expansion from 18.3% to 19.6%
  • SATS declares an interim dividend of 2 cents (S$) per share

Singapore, 13 November 2025 SATS Ltd (SATS or the Company and together with its subsidiaries, the Group) today reported its financial performance for the three months ended 30 September 2025 (2Q FY26).

Notes: (1) FY26 refers to the financial year from 1 April 2025 to 31 March 2026 (2) D&A refers to depreciation and amortisation (3) EBITDA refers to earnings before interest, tax, depreciation and amortisation (4) SoAJV refers to the share of associates/joint ventures, net of tax

GROUP EARNINGS

2Q FY26 (1 July 2025 to 30 September 2025)

Amid continued volatility to global trade flows, SATS Group achieved 2Q FY26 revenue of S$1.57 billion, an increase of 8.4% compared to the same period last year. The Group attributes this to strong cargo performance alongside steady contributions from ground handling and food services.

Gateway Services revenue rose 10.7% year-on-year to S$1.22 billion, driven by continued market share gains with cargo volumes that outperformed IATA's global growth benchmarks.

Food Solutions revenue grew 1.0% year-on-year to S$356.5 million, reflecting stable inflight meal demand amid air travel expansion in Asia-Pacific. Growth was modest as the prior year period benefited from catch-up pricing adjustments.

The Group's expenditure (excluding depreciation and amortisation) increased 6.7% year-on-year to S$1.26 billion.

Operating profit for 2Q FY26 rose 23.7% year-on-year to S$157.4 million, with operating profit margin expanding to 10.0% from 8.8% in the prior year. This improvement reflects favourable operating leverage from volume growth and continued operational efficiency gains.

The share of earnings from associates and joint ventures decreased 7.5% to S$27.5 million year-on-year, due to ramp-up costs associated with new customer onboarding in a joint venture.

The Group posted PATMI of S$78.9 million, an increase of 13.3% over 2Q FY25.

1H FY26 (1 Apr 2025 to 30 September 2025)

SATS Group achieved revenue of S$3.08 billion, an increase of 9.1%...

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