Link: https://links.sgx.com/1.0.0/corporate-announcements/EV5GLCOQO9JEGYXF/784144d5929c753cdd16adbd1853cc6a7f105622a196e1621041104978e4b8db

Summary:

• Group net profit rose 21.1% year-on-year to $83.3 million for H1 FY2025-26, with a declared interim dividend of 2.5 cents per share.

• Revenue increased 26.5% to $729.0 million, driven by robust demand for maintenance, repair and overhaul (MRO) services.

• Operating profit surged to $13.0 million, up $9.6 million year-on-year. Expenditure increased 25% due to higher material, manpower, repair, IT costs, and a $4 million impairment provision.

• Share of profits from associates and joint ventures grew to $71.3 million (+21.7%), mainly from engine and component segment.

• For Q2 FY2025-26, net profit was $40.4 million, up $4.8 million year-on-year; revenue reached $370.6 million (up 20.5%), and operating profit $7.9 million.

• Equity attributable to owners stood at $1,694.6 million on 30 Sep 2025, down $25.8 million from March due to dividend payment and FX translation reserve decrease.

• Total assets were $2,103.1 million, including cash balances of $575.2 million.

• Net asset value per share as at 30 Sep 2025 was 151.4 cents.

• Business updates: New MRO agreements with Singapore Airlines and Scoot worth an estimated $1.3 billion took effect in April. Line maintenance handled 2.6% more flights year-on-year, with growing demand and expanded network. Joint venture in Cambodia commenced line maintenance at Techo International Airport.

• The Group continues expanding MRO capacity, deploying digital solutions, and was listed among ASEAN’s top 50 public companies for corporate governance.

• Outlook: MRO demand remains strong, but headwinds include supply chain risks and geopolitical tension. Strategic focus on Asia-Pacific expansion, next-gen aircraft capabilities, and operational resilience.