Back 15 May 2025

SIA Group Soars to Record FY2024/25 Performance: Net Profit and Revenue Reach New Peaks, Strategic Expansion and Dividend Proposed

Link: https://links.sgx.com/1.0.0/corporate-announcements/9EFURXGOXWRHS16Y/924cb0e36b14ff39d30b590ea52c47747b07d3a214deca6b405d80a359ce1685

Summary:

  • The SIA Group achieved record financial results for the financial year 2024/2025, reporting a record net profit of $2.8 billion, which included a one-off non-cash accounting gain from the Air India-Vistara merger.
  • Total revenue also reached a record $19,540 million, a 2.8% increase year-on-year, driven by robust demand for air travel and cargo.
  • The Group carried a record 39.4 million passengers during the year, an increase of 8.1%.
  • Operating profit was $1.7 billion, lower than the previous year, attributed primarily to lower passenger and cargo yields due to intensified competition.
  • The Board proposed a final dividend of 30 cents per share, bringing the total dividend for the year to 40 cents per share, as the Group continues its strategic expansion and investment in capabilities.