Singapore-based airline catering company SATS posted a Q2 FY2026 net profit of S$78.9 million, up 13.3 percent from S$69.7 million a year ago. Revenue for the three months rose 8.4 percent year on year to S$1.6 billion, from S$1.5 billion. The group attributed this to the strong performance of its cargo handling business as well as steady contributions from its ground handling and food services segment.
“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,” said Kerry Mok, chief executive officer of SATS. “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.”
Revenue for its ground handling business, Gateway Services, rose 10.7 percent to S$1.2 billion. Revenue for its Food Solutions business, which falls under its food services segment, grew 1 percent year on year to S$356.5 million in the latest quarter. Operating profit rose 23.7 percent to S$157.4 million, reflecting “favourable operating leverage” due to gains in operational efficiency and volume growth, said SATS. The group declared an interim dividend of S$0.02 per share, payable on Dec 5. This was higher than the S$0.015 announced in the corresponding period a year ago.
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