SIA, other aviation stocks take off; offers to delist firms from the SGX keep coming

Efforts are being taken to raise number of IPOs, offset tide of firms opting out of local bourse

- Kang Wan Chern

Aviation companies did well on the local stock exchange last week, with Singapore Airlines (SIA), SIA Engineering and Sats closing in positive territory on May 16.

SIA on May 15 announced a 2.8 per cent jump in group revenue to a record $19.5 billion for the 2025 financial year (FY) ended March 31.

Group net profit, which stood at $2.8 billion, was up 3.9 per cent from the year before, another record for the airline. This was boosted by a one-off, non-cash accounting gain of $1.1 billion, following the merger of its 49 per cent-owned Indian carrier Vistara with Air India in November.

Despite the strong performance, shares of SIA rose by just 2.4 per cent through the week, closing at $6.90 on May 16.

SIA had said that it will be rewarding its employees with a 7.45-month bonus, which is lower than the 7.94-month bonus it paid in FY2024, the highest in its history. The group had 27,821 employees in FY2025, which is up by 8.6 per cent from FY2024.

At 40 cents per share in total, SIA's FY2025 dividends will also be less than the 48 cents per share it paid in FY2024.

SIA Engineering did better on the exchange, with its shares rising more than 7 per cent through the week to close at $2.42.

The company reported its results for FY2025 after the market closed on May 9, revealing that its net profit was up 43.8 per cent year on year to $139.6 million. This was on the back of a 13.8 per cent jump in revenue to $1.2 billion over the same period.

Total FY2025 dividends amounted to nine cents per share, up from eight cents per share in FY2024.

Sats shares also rose last week, by 2.8 per cent, to close at $2.99 on May 16.

The catering and ground handling company on May 15 said it will invest over $250 million to upgrade its ground operations and cargo handling infrastructure at Changi Airport over the next seven years.