SIA Engineering (SIAEC) reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8 million in the same period the previous year.

The mainboard-listed group’s revenue for the second half rose 15.3 per cent to S$668.9 million from S$580.2 million in the year-ago period, its bourse filing on Friday (May 9) showed. Meanwhile, its expenditure rose at a slower pace of 13.8 per cent.

During the period, SIAEC posted an operating profit of S$11.1 million, reflecting an increase of S$8.9 million over the same period last year, and S$7.6 million higher from the first half of the financial year.

The group’s share of profits of associated and joint venture companies increased $9 million year on year, to $60 million. Of this, $56.9 million came from the engine and component segment, and $3.1 million from the airframe and line maintenance segment.  

SIAEC’s earnings per share came in at S$0.0633 for the second half of the financial year.

For the full financial year, its net profit grew 43.8 per cent to S$139.6 million. It said the increase was supported by stable growth in the demand for aircraft maintenance, repair and overhaul (MRO).

The group’s total revenue for the year increased by 13.8 per cent to S$1.2 billion, from S$1.1 billion. While group expenditure also grew, it rose at a slower pace of 12.7 per cent, with the increase largely due to higher manpower costs and increased material consumption.

With revenue growth outpacing expenditure increases, SIAEC’s operating profit improved by S$12.3 million year on year, from S$2.3 m...