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SATS Posts 2Q Net Profit Of S$78.9 Million

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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 – Media OutReach Newswire – 20 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).

HIGHLIGHTS OF THE GROUP’S UNAUDITED RESULTS:

Group Financial Results 2Q FY26

(S$ million)
2Q FY25

(S$ million)

Favourable / (Unfavourable) YoY Change (S$ million) Favourable / (Unfavourable) YoY Change (%)
Revenue 1,572.1 1,450.7 121.4 8.4
Operating expenditure (excluding D&A) (1,264.7) (1,185.0) (79.7) (6.7)
EBITDA

EBITDA margin

307.4

19.6%

265.7

18.3%

41.7

1.3ppt

15.7
Operating profit (EBIT)

EBIT margin

157.4

10.0%

127.2

8.8%

30.2

1.2ppt

23.7
SoAJV 27.5 29.7 (2.2) (7.5)
Profit attributable to owners of the Company (PATMI) 78.9 69.7 9.2 13.3
Group Financial Results YTD FY26

(S$ million)

YTD FY25

(S$ million)

Favourable / (Unfavourable) YoY Change (S$ million) Favourable / (Unfavourable) YoY Change (%)
Revenue 3,078.5 2,821.1 257.4 9.1
Operating expenditure (excluding D&A) (2,497.3) (2,306.3) (191.0) (8.3)
EBITDA

EBITDA margin

581.2

18.9%

514.8

18.2%

66.4

0.7ppt

12.9
Operating profit (EBIT)

EBIT margin

282.6

9.2%

240.1

8.5%

42.5

0.7ppt

17.7
SoAJV 60.6 65.3 (4.7) (7.3)
Profit attributable to owners of the Company (PATMI) 149.8 134.7 15.1 11.2

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% compared to the same period last year. Strong cargo volume growth along with contributions from ground handling and food services contributed to the Group’s performance.

The Group’s expenditure (excluding depreciation and amortisation) increased 8.3% year-on-year to S$2.50 billion.

Operating profit rose 17.7% year-on-year to S$282.6 million, with operating profit margin expanding to 9.2% from 8.5%, reflecting the Group’s focus on operational efficiency.

The share of earnings from associates and joint ventures decreased 7.3% to S$60.6 million year-on-year, primarily due to a one-off net gain recognised in the prior-year period and ramp-up costs associated with new customer onboarding in a joint venture.

The Group posted PATMI of S$149.8 million, an increase of 11.2%.

GROUP FINANCIAL POSITION (as at 30 September 2025)

Total equity increased by S$134.0 million, reaching S$2.90 billion as of 30 September 2025, compared to 31 March 2025. This increase was primarily attributed to the profit generated in the half year ended 30 September 2025.

As of 30 September 2025, total assets stood at S$8.89 billion, an increase of S$5.5 million from 31 March 2025. Total liabilities decreased by S$128.5 million from 31 March 2025 to S$5.99 billion, due mainly to lower trade and other payables and the repayment of S$100 million in Singapore dollar Medium Term Notes (SGD MTN) in April 2025.

Operating cash flow after lease repayment for YTD FY26 was S$123.0 million, an increase of S$80.1 million from prior year, underpinned by stronger operational performance and working capital management. YTD FY26 free cash flow1 was negative S$1.1 million, compared to negative S$52.8 million in the prior year.

1 Free cash flow refers to net cash from operating activities less capex and lease payment. FY25 cash flow from operating activities and investing activities were restated due to reclassification of interest income/expense

INTERIM DIVIDEND

In view of the Group’s financial performance in 1H FY26, the Board of Directors has declared an interim dividend of 2 cents (S$) per share, payable on 5 December 2025. The book closure date is 24 November 2025.

OUTLOOK

Our second quarter performance was resilient amid evolving market conditions. Gateway Services continues to demonstrate strength, leveraging its broad customer base and network scale, while Food Solutions is positioned to capture stable meal demand across the region.

SATS has outperformed IATA benchmarks over the past eight consecutive quarters, though second quarter volumes reflected in part accelerated customer shipments ahead of tariff implementations. As trade patterns continue to adjust to changing policies, we remain focused on adapting operations across our network to manage volume shifts while maintaining operational discipline.

Our network continues to support market share gains, and Americas and EMEAA are expanding specialised capabilities to capture e-commerce and freight forwarder volumes. Recent developments include the opening of a new E-Commerce and Freight Forwarder Handling facility at Copenhagen Airport, and the renewal of an Air China Cargo contract in Liège, reinforcing our position in key European hubs and e-commerce corridors. In 2Q FY26, we onboarded and ramped-up operations for several new customers, including Emirates SkyCargo and eDirect Transport at Frankfurt Cargo Services and Turkish Airlines at JFK Airport’s Building 260.

In Singapore, the Group continues to strengthen its role as the anchor of SATS’ global network. The newly announced Hub Handler of the Future programme will reimagine air hub operations through automation and workforce innovation, supporting Changi’s long-term competitiveness. Beyond aviation, Marina Bay Cruise Centre Singapore, managed by SATS-Creuers Cruise Services, has completed a S$40 million upgrade to accommodate dual-ship calls and enhance passenger experience. Together, these initiatives underscore SATS’ commitment to advancing Singapore as a world-class hub for trade and travel.

Looking ahead, we will continue to prioritise operational efficiency and disciplined cost management amid continued uncertainty in global trade flows. Leveraging our global network advantage, we are well-positioned to drive profitable growth.

Kerry Mok, SATS President and Chief Executive Officer, said, “SATS’ second quarter results were enabled by a global network and consistent execution across our operations. While volumes were strong, we recognise that the quarter benefited in part from front-loading ahead of tariff changes. We are actively managing our capacity and resources as demand patterns evolve.

“We continue to work closely with our key customers and are investing in specialised handling capabilities to support their growth.

“Closer to home, Singapore remains at the heart of our network and multi-year transformational journey. We are building the foundation for next-generation mega air hubs that bring together technology, innovation and people to shape the future of travel and logistics. These upgrades to Singapore’s air and sea gateway infrastructure reinforce our role in enhancing Singapore’s global connectivity.

“Our first-half performance demonstrates the resilience of our diversified platform and the effectiveness of our network operational approach. We remain committed to delivering value through disciplined execution and strategic focus as we navigate the quarters ahead.”

ANNEX A: GROUP FINANCIAL STATISTICS

Financial Results (S$) 2Q FY26 2Q FY25 1H FY26 1H FY25
Per Share Data
Earnings per share (cents)
– Basic R1 5.3 4.7 10.1 9.1
– Diluted R2 5.2 4.6 9.9 9.0
Return on turnover (%) R3 5.0 4.8 4.9 4.8

As at As at
Financial Position (S$ million) 30 Sep 2025 31 Mar 2025
Total equity 2,902.9 2,768.9
Total assets 8,888.2 8,882.7
Total debt 4,194.0 4,244.1
Gross debt/equity ratio (times) R4 1.44 1.53
Net asset value per share (S$) R5 1.81 1.74

Notes:
The Group financial statistics should be read in conjunction with the explanatory notes found on page 2 of this media release.

R1 Earnings per share (basic) is computed by dividing profit attributable to owners of the Company by the weighted average number of fully paid shares in issue.
R2 Earnings per share (diluted) is computed by dividing profit attributable to owners of the Company by the weighted average number of fully paid shares in issue after adjusting for dilution of shares under various employee share plans.
R3 Return on turnover is computed by dividing profit attributable to owners of the Company by total revenue.
R4 Gross debt/equity ratio is computed by dividing total debt by total equity.
R5 Net asset value per share is computed by dividing equity attributable to owners of the Company by the number of ordinary shares (excluding treasury shares) in issue.

ANNEX B: OPERATING STATISTICS

2Q FY26 1Q FY26 QoQ (%) 2Q FY25 YoY (%)
Flights Handled (‘000) 160.6 158.8 1.2 160.8 -0.1
– APAC 88.7 87.7 1.2 82.8 7.2
– EMEAA 3.6 3.4 5.3 8.2 -56.2
– Americas 68.3 67.7 0.9 69.8 -2.1
Cargo Processed (‘000 tonnes) 2,381.9 2,379.3 0.1 2,223.1 7.1
– APAC 726.0 704.0 3.1 678.4 7.0
– EMEAA 1,021.1 999.4 2.2 855.7 19.3
– Americas 634.8 675.9 -6.1 689.1 -7.9
Gross Meals Produced (‘M) 29.3 26.1 12.4 28.9 1.4
– Aviation meals 17.6 16.4 7.4 17.4 0.9
– Non-aviation meals 11.7 9.7 20.6 11.5 2.1
Ship Calls Handled 40 48 -16.7 45 -11.1

Notes:
i. Reduction in flights handled volume in EMEAA mainly due to disposal of ground handling business in UK.
ii. The above operating data cover SATS and its subsidiaries, but does not include joint ventures and associates.

Hashtag: #SATS

The issuer is solely responsible for the content of this announcement.

SATS LTD.

Headquartered in Singapore, SATS Ltd. (SGX stock code: S58) is one of the world’s largest providers of air cargo handling services and Asia’s leading airline caterer. SATS Gateway Services provides airfreight and ground handling services including passenger services, ramp and baggage handling, aviation security services, aircraft cleaning and aviation laundry. SATS Food Solutions serves airlines and institutions, and operates central kitchens with large-scale food production and distribution capabilities for a wide range of cuisines. SATS is present in the Asia-Pacific, the Americas, Europe, the Middle East and Africa, powering an interconnected world of trade, travel and taste. Following the acquisition of Worldwide Flight Services (WFS) in 2023, the combined SATS and WFS network operates over 225 stations in 27 countries. These cover trade routes responsible for more than 50% of global air cargo volume. SATS has been listed on the Singapore Exchange since May 2000. For more information, please visit

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XIXILI Reimagines Plus-Size Lingerie in Malaysia

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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 December 2025 – XIXILI is rewriting the rules of lingerie shopping with its Plus Size Collection, moving beyond the typical S, M, L, XL approach that leaves so many women without options. The brand’s extensive range proves that well-fitted, beautiful lingerie shouldn’t be a luxury reserved for a select few.

When One Size Definitely Doesn’t Fit All

XIXILI’s Plus Size Collection flips the narrative that women need to settle for less-than-ideal sizes.

“For too many women, bra shopping has meant settling for sizes that almost fit or styles that prioritise function over fashion,” says XIXILI spokesperson Grace Tan. “Inclusivity is about recognising that every woman deserves access to beautiful, sexy, well-fitted lingerie. That shouldn’t be a problem they have to solve alone.”

To address the challenges of online fitting, XIXILI combines a detailed bra size chart with its pioneering ‘Try-On in 3D’ avatar tool. The feature allows women to generate a personalised digital twin based on specific measurements, enabling them to visualise the fit before purchasing.

Support Without Sacrifice: Plus Size Done Right

The Rufina Full Coverage Full Cup Bra sits at the heart of XIXILI’s Plus Size collection, designed for women who have been told they have to choose between support and style. The Rufina bra offers full coverage support with a contemporary silhouette that works under everything from work blouses to festive party dresses. Engineered specifically for fuller figures, it celebrates natural curves instead of trying to hide or minimise them. It’s the kind of foundation piece that lets you focus on your day, not your discomfort.

“We want every woman to feel supported, comfortable, and beautiful in whatever she’s wearing,” says Grace Tan. “Whether it’s for work, family gatherings, or special occasions, the right fit makes all the difference to daily comfort and confidence.”

Empowering Women With Knowledge, Not Just Options

XIXILI recognises that offering more sizes is only half the equation. Many women have spent years navigating limited options without proper guidance on finding their actual measurements.

The brand addresses this through interactive bra size charts, how-to-measure videos, and one-on-one personalised fittings at boutiques nationwide. By equipping women with the tools and knowledge to identify their true size, XIXILI transforms what can be a frustrating shopping experience into a more confident and informed process.

As Christmas shopping gets underway, the Plus Size Collection offers both a thoughtful gift for loved ones and an opportunity for self-care during the busy holiday season.

For more information and to discover the full range, visit XIXILI’s website.

Hashtag: #XIXILI





The issuer is solely responsible for the content of this announcement.

XIXILI

A homegrown Malaysian brand, XIXILI offers beautiful fashion lingerie and shapewear in Malaysia that prioritises fit and comfort. With an extensive range of bra sizes from A to I and bands 65 to 110cm, XIXILI caters to women of all shapes and sizes. Expert fitters are dedicated to helping each customer find the perfect bra, boosting confidence and enhancing silhouettes.

XIXILI became the first Malaysian lingerie brand to introduce a Try-On in 3D avatar tool, allowing customers to virtually try on XIXILI lingerie using a 3D avatar tailored to their specific body type and measurements. Whether for everyday wear or something special, XIXILI ensures women always look and feel amazing.

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Essential Document Checklist for SIM Applications

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SINGAPORE – Media OutReach Newswire – 6 December 2025 – Submitting an application to the Singapore Institute of Management (SIM) represents a significant academic milestone and requires meticulous preparation. Incomplete or missing documentation may result in processing delays or possible rejection. To assist applicants in meeting these requirements, this guide provides a detailed overview based on SIM’s official application standards.

Preparation Is Key

SIM reviews thousands of applications each year, and incomplete submissions remain one of the primary causes of processing delays. Early preparation of all required documents is essential to ensure a seamless application experience and allow applicants to remain focused on their academic objectives. As stipulated in SIM’s Application Process Guide, all supporting documents must be uploaded at the point of application and submissions lacking these documents will not be processed.

The Core Documents Every Applicant Needs

Prior to applying to the Singapore Institute of Management (SIM), applicants should ensure that all required documents are prepared to prevent processing delays. Scanned copies of academic certificates and transcripts, such as GCE ‘O’ and ‘A’ Levels, diplomas or degrees must be provided, along with certified translations and notarisation for documents not in English.

Proof of English language proficiency, such as IELTS or TOEFL results, is mandatory for applicants whose previous education was not conducted in English. Identification documents are also required, including the NRIC for local applicants and a valid passport for international applicants, accompanied by a recent passport-sized photograph that complies with SIM’s specifications.

International applicants must additionally prepare documentation for the Student’s Pass application, which includes the passport bio-data page, birth certificate, evidence of financial capability, and, where applicable, parent or guardian identification documents.

Quick Tips to Avoid Delays

Submitting an application to the SIM can be a straightforward process with proper preparation. Ensure that all documents are uploaded in the correct format, with PDF being the standard for certificates and transcripts. For documents not in English, certified translations must be provided to prevent rejection or requests for re-submission.

Applicants should also adhere to SIM’s photo specifications by submitting a recent passport-sized photograph that meets official guidelines. International students must pay particular attention to financial documentation, as proof of financial capability is a key requirement for the Student’s Pass application. Bank statements and supporting documents should be prepared in advance to comply with Immigration & Checkpoints Authority (ICA) requirements. Following these steps will help avoid unnecessary delays and ensure a smooth application process.

Application Essentials

Prospective students are advised to submit a complete and accurate application to ensure smooth processing. Detailed instructions and programme-specific requirements can be found on SIM’s official application portal. Applications that are incomplete or contain inaccuracies will not be considered. To avoid delays, applicants should make use of the provided checklist and guidelines to confirm compliance before submission.

References:

  1. SIM Application Process – https://www.sim.edu.sg/degrees-diplomas/admissions/application-process

Hashtag: #SIMGlobalEducation #SIMGE

The issuer is solely responsible for the content of this announcement.

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit sim.edu.sg

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Vinfuture 2025 Honors Four Groundbreaking Scientific Achievements Under The Theme “Rising And Thriving”

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HANOI, VIETNAM – Media OutReach Newswire – 5 December 2025 – The VinFuture Foundation officially announces the laureates of the VinFuture Prizes 2025. Four outstanding scientific and technological breakthroughs have been honored, reflecting this year’s theme “Rising and Thriving”, and highlighting the role of cross-border scientific collaboration in addressing global challenges in health, environment, and human livelihood.

The Chairman of the National Assembly of Vietnam, Mr. Tran Thanh Man, presents the VinFuture 2025 Grand Prize, worth USD 3 million, to the laureate scientists.

The 2025 VinFuture Prize Award Ceremony was broadcast live on VTV1, the national television channel of Vietnam. The event was attended by Mr. Tran Thanh Man, Politburo member and Chairman of the National Assembly, along with leaders of central ministries and agencies, representatives of embassies and international organisations, and distinguished scientists from around the world.

The VinFuture Prize 2025 received 1,705 nominations from scientists, research institutions, and technology enterprises worldwide, representing an almost threefold increase relative to the inaugural year. These submissions highlight impactful cross-border research efforts focused on protecting public health, advancing next-generation intelligent materials, addressing climate change, accelerating novel energy solutions, and strengthening global food security frameworks.

The 2025 VinFuture Grand Prize valued at US$3 million is awarded to Dr. Douglas R. Lowy, Dr. John T. Schiller, Dr. Aimée R. Kreimer and Prof. Maura L. Gillison (USA) for discoveries and development of HPV vaccines for prevention of tumors caused by human papillomaviruses.

Foundational studies on HPV capsid proteins by Drs. Douglas Lowy and John Schiller led to the development of highly effective HPV vaccines, preventing millions of cervical cancer cases, especially in developing countries. Furthermore, the single-dose vaccination regimen developed by Dr. Aimée Kreimer – now recommended by the World Health Organization (WHO) – has significantly expanded vaccine access for populations worldwide.

In parallel, laboratory and epidemiological studies by Prof. Maura Gillison and Dr. Aimée Kreimer established the link between HPV and head-and-neck cancers, which represent an emerging cancer threat expected to be mitigated by HPV vaccination efforts. The achievements of Dr. Douglas Lowy, Dr. John Schiller, Dr. Aimée Kreimer, and Prof. Maura Gillison have already saved millions of lives and will keep lowering the global cancer burden for decades to come.

In addition to the Grand Prize, the 2025 VinFuture Prizes will also present three Special Prizes, each valued at US$500,000, recognizing Innovators from Developing Countries, Women Innovators, and Innovators with Outstanding Achievements in Emerging Fields.

The 2025 VinFuture Special Prize for Innovators from Developing Countries​ is awarded to Prof. María Esperanza Martínez-Romero (Mexico) for advances in microbial ecology and symbiotic nitrogen fixation in the tropics. Prof. Martínez-Romero has discovered and described numerous new Rhizobium species, significantly expanding scientific understanding of microbial taxonomy and plant-microbe interactions in agriculture. Her work has opened new directions in the study of bacterial-plant symbiosis, with profound implications for sustainable agriculture in resource-limited settings.

The 2025 VinFuture Special Prize for Women Innovators is awarded to Prof. Mary-Claire King (USA) for identification of the breast and ovarian cancer susceptibility gene BRCA1, laying the foundation for genetic testing, screening programs, and personalized treatment. Her landmark identification of the BRCA1 locus on chromosome 17q21 in 1990, before the human genome was sequenced, is considered a historic milestone, demonstrating the genetic basis of cancer risk and transforming prevention and treatment strategies worldwide.

The 2025 VinFuture Special Prize for Innovators with Outstanding Achievements in Emerging Fields has honored Prof. Venkatesan Sundaresan (USA), Prof. Raphaël Mercier (Germany), Dr. Emmanuel Guiderdoni (France), Dr. Imtiyaz Khanday (USA) and Dr. Delphine Mieulet (France) for innovations in the development of clonal hybrid crops. Hybrid seed production for rice, the staple food for more than half of humankind, is a laborious and costly procedure resulting in a high seed cost. The team’s work has enabled rice plants to produce seeds that retain all the superior traits of the parent plant through self-pollination, grounded in new insights into developmental biology and genetics. This groundbreaking research improves yields, reduces seed production costs, and advances sustainable global food security.

Sharing his reflections on this year’s honored works, Prof. Sir. Richard Friend, Chair of the VinFuture Prize Council, stated: “The 2025 VinFuture Prize Laureates have made big advances in science that have brought direct benefits to human health and to global sustainable food crop production. From new vaccines and new understanding of genetic susceptibility to disease to new approaches for plant breeding and new protocols for healthy crop growth, these achievements exemplify the power of science driven by compassion and cross-border collaboration – showing that when knowledge serves humanity, it not only deepens our understanding of the world but also strengthens and sustains the very foundations of life itself.

After five consecutive and widely acclaimed award cycles, the VinFuture Prize has been securing recognition among the world’s most prestigious science and technology awards, receiving 6,132 nominations from nearly 110 countries and territories across five continents, and honoring 48 outstanding laureates. The awarded innovations—spanning clean energy, artificial intelligence, biomedical technologies, and transformative advances in agriculture—are elevating quality of life, strengthening human well-being, and shaping strategic pathways for the future of humanity.

The VinFuture Prize Ceremony and VinFuture Sci-Tech Week have evolved into an established global platform for scientific exchange, bringing together scientists, policymakers, and business leaders to advance collaborations toward a sustainable, humane, and prosperous future.

Notably, after five award seasons driven by persistent efforts to connect global scientific excellence with the Vietnamese research community, the VinFuture Foundation and the VinFuture Prize have not only fostered new opportunities and momentum for national science, but have also strengthened Vietnam’s standing as a trusted destination for the world’s scientific community—where innovation is widely shared and amplified for the collective prosperity of humankind.

Launch of the 2026 VinFuture Prize Award Season: The VinFuture Prize 2026 will officially open its nomination portal from 2:00 PM on January 9, 2026, to 2:00 PM on April 17, 2026 (Hanoi time, GMT+7). Nominating partners are invited to submit candidate information through the online nomination portal at: https://vinfutureprize.org/vinfuture-prize-nomination/.

Hashtag: #Vinfuture

The issuer is solely responsible for the content of this announcement.

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