SIA Engineering FY27 Q1 net profit falls 6.1% to $40.3 million; revenue drops 8.6% to $327.6 million

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Reuters2026/07/23 09:31

By:Reuters

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SIA Engineering posted net profit of $40.3 million in 1Q FY2026/27, down 6.1% year-on-year; EPS slipped to 3.60 cents.
Revenue fell 8.6% to $327.6 million on lower materials revenue; operating profit rose to $13.2 million.
Share of profits from associates and JVs dropped 18% to $31 million, led by a 19.2% decline in the Engine and Component segment.
Line maintenance handled 40,615 flights in Singapore, up 2.9% year-on-year, despite cancellations linked to the Middle East conflict.
Signed a JV with Safran Aircraft Engines for a CFM LEAP engine MRO shop in Singapore; Air India MOU signed to explore potential India MRO JV.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SIA Engineering Company Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: T3KPP69IVLUM4ZDZ) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SIA Engineering FY27 Q1 net profit falls 6.1% to $40.3 million; revenue drops 8.6% to $327.6 million

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