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15 May 2025
SIA Group Soars to Record FY2024/25 Performance: Net Profit and Revenue Reach New Peaks, Strategic Expansion and Dividend Proposed
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.