SIA Engineering has reported a net profit of S$41.9 million ($33.1 million) for the third quarter of FY2025-26, increasing by S$3.7 million ($2.9 million) compared to the same period last year.
The company said demand for its MRO services remained steady in the quarter.
Flight handling volumes across its line maintenance network grew 3% during the quarter. The company also commenced line maintenance operations in Manila on January 1, expanding its line maintenance network to 39 airports in nine countries.
Revenue for the quarter increased 8.7% to S$353.1 million ($278.7 million). Expenses grew 8.4% to S$347.1 million ($274 million), driven by higher labour, subcontract services, materials, and IT system implementation costs.
This resulted in an operating profit of S$6 million ($4.7 million).
With global passenger traffic continuing to, particularly in the Asia-Pacific region, the company said this will support “sustained demand” for MRO services. However, supply chain challenges and geopolitical uncertainties temper its outlook.
“To deliver greater value to customers, the group remains focussed on broadening its geographical presence across Asia-Pacific, expanding MRO capacity and capabilities for next-generation aircraft, and strengthening its core services to bolster greater resilience and enhance competitiveness, while positioning for long-term sustainable growth,” said SIA Engineering.
As of the end of March, the company's total assets stood S$2.2bn ($1.7bn).