Link: https://links.sgx.com/1.0.0/corporate-announcements/KKKMHUD6XHYSTXYX/6878ace00934bb56d1065b2721d8ce1853a4956850f0bc3909b035d83f98dc3a

Summary:

• SIA Engineering Group reported a robust financial performance for FY2024-25, with net profit increasing by a significant 44% year-on-year to $139.6 million.
• Revenue for the year grew by 13.8% to $1,245.1 million, primarily driven by sustained growth in demand for Maintenance, Repair, and Overhaul (MRO) services.
• The Group's operating profit improved substantially to $14.6 million, compared to $2.3 million in the previous financial year, and basic earnings per share rose by 44.0% to 12.46 cents.
• Healthy air travel demand contributed to growth in line maintenance services across the network and higher repair and overhaul output from engine and component shops.
• The Board recommended a final dividend of 7.0 cents per share, resulting in a total dividend of 9.0 cents per share for FY2024-25, as the Group continues to strategically expand its geographical footprint and MRO capabilities.