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The Singaporean air freight and ground handling specialist SATS achieved a record revenue of SGD 6.35 billion (approximately USD 4.9 billion) in the fiscal year 2025/26 (ending March). This represents an increase of 9%. Net profit rose by 17% to SGD 285.2 million (USD 220 million).
A key driver of growth was the air freight business. The Gateway Services division, which includes cargo and ground handling activities, increased by 10.8% to SGD 4.95 billion. SATS emphasizes that freight volumes grew faster than the global market rates reported by IATA.
In the entire year, the group handled 9.65 million tons of air freight, an increase of 7% compared to the previous year. The region of Europe, the Middle East, Africa, and South Asia (EMEAA) showed particularly strong growth with an increase of 15.3% to 4.07 million tons. In the Asia-Pacific region, the volume rose by 8.4% to 2.93 million tons. In North and South America, however, the volumes decreased by 5% to 2.66 million tons.
In the fourth quarter alone, SATS processed 2.35 million tons of freight, 4.7% more than in the same period last year. While volumes in Asia-Pacific (+9.4%) and EMEAA (+9.1%) increased, America experienced a decline of 5.8%.
For 2026/27, SATS remains cautiously optimistic. The group points to the impacts of the conflict in the Middle East, which affects freight flows between Asia, Europe, and America. At the same time, the company sees opportunities through changing trade routes. CEO Kerry Mok emphasized that SATS has leveraged its global presence to gain additional freight volumes in Europe and partially offset the effects of new U.S. tariffs.
With the acquisition of WFS, SATS now has a network of over 225 stations in 27 countries. According to the company, these locations cover trade routes on which more than half of the world’s air freight volume is transported.
