SIA Engineering Company CEO highlights record profits.
Singapore—Riding strong MRO demand in Singapore and across its overseas portfolio, SIA Engineering Company posted its highest net profit since 2021, with earnings rising 21% year-over-year to S$168.9 million ($132.9 million).
For the financial year ended March 31, 2026, the group expanded or established operations in Cambodia, Malaysia and China, while also strengthening local MRO capabilities through new partnerships with Pratt & Whitney and Safran Landing Systems.
SIA Engineering Company (SIAEC) reported that its associated and joint venture companies delivered double-digit growth, with their share of profits increasing 22.5% year-over-year to S$145.3 million.
The engine and component segment in particular benefited from higher engine deliveries and improved profit margins, driving a 23.1% increase in profit.
Higher aircraft movements at Singapore Changi Airport also lifted line maintenance activity by 3.3%, with SIAEC handling 162,608 aircraft during the year. Heavy maintenance checks increased marginally from 75 to 78 aircraft.
Nonetheless, the company cautioned that geopolitical tensions could moderately affect business conditions.
“The group is closely monitoring developments and actively engaging with customers to seek new revenue opportunities. We are prepared to respond nimbly to changing circumstances by leveraging our diversified network, strong customer relationships and operational resilience to mitigate potential disruptions,” the company said.
“At the same time, we will continue to maintain a disciplined approach to cost management, particularly in light of rising energy costs amid the Middle East conflict,” the company added.
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