Singapore Airlines Ltd. · SGX:C6L
Singapore Airlines — Q1 FY25/26 Earnings Presentation
19 slides from Singapore Airlines's earnings presentation, Jul 29, 2025
Slide 1: SIA Group Business Update Q1 FY25/26 Results
SIA Group Business Update Q1 FY25/26 Results (Ended 30 June 2025) 29 July 2025 The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources.
Slide 2: Presentation by Chief Financial Officer
PRESENTATION BY: Chief Financial Officer Ms. Tan JoAnn The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be
Slide 3: Group Financial Results Key Highlights
Group Financial Results Key Highlights Operating profit of $404.5 million for Q1 FY25/26, 14.0% lower than a year ago Singapore Airlines and Scoot achieved record passenger numbers amid robust demand for air travel Passenger yields declined due to industry-wide capacity growth, while rising non-
Slide 4: Operating Results for the Main Companies of the Group
Operating Results for the Main Companies of the Group Q1 Q1 Better/ Better/ FY25/26 FY24/25 (Worse) (Worse) ($’M) ($’M) ($’M) (%) Full-service carrier 424.2 468.4 (44.2) (9.4) Low-cost carrier (16.5) 2.6 (19.1) n.m. SIAEC Group 5.1 1.0 4.1 n.m. Slide 4 The copyright in this material (other than in r
Slide 5: Group Operating Statistics
Group Operating Statistics Overall capacity rose by 3.7% with pax capacity up 3.3% and cargo capacity up 4.2% ASK CTK Overall CTK Q1 FY25/26 Q1 FY25/26 Q1 FY25/26 (YoY) (YoY) (YoY) +3.3% +4.2% +3.7% Pax Capacity - ASK (million) Cargo Capacity - CTK (million) Overall Capacity – CTK (million) Q1 Q2 Q3
Slide 6: Group Financial Results
Group Financial Results Q1 Q1 Better/ Better/ FY25/26 FY24/25 (Worse) (Worse) ($’M) ($’M) ($’M) (%) Total Revenue 4,790.4 4,718.4 72.0 1.5 Total Expenditure 4,385.9 4,248.2 (137.7) (3.2) -- Net Fuel Cost 1,262.0 1,370.3 108.3 7.9 Fuel Cost (before hedging) 1,201.6 1,419.1 217.5 15.3 Fuel Hedging Los
Slide 7: Group Revenue Q1 FY25/26 $4,790.4M
Group Revenue Higher pax flown revenue driven by capacity growth and robust load factors Group Revenue ($'M) Record Quarterly Revenue 5,218.6 4,718.4 4,779.0 4,823.8 4,790.4 Q1 FY25/26 561.6 613.7 496.4 530.5 $4,790.4M 540.5 YoY $72.0M 3,828.0 3,839.9 4,235.0 3,945.6 3,862.0 (1.5%) Q1 Q2 Q3 Q4 Q1 FY
Slide 8: Operating Statistics - Passenger
Group Operating Statistics - Passenger Q1 FY25/26 RASK PLF (%) RASK: 8.7¢/ask (₵/ask) 100 PLF: 87.6% 10 8.9 8.9 8.7 8 FY19/20 Group RASK (7.5¢/ask) 90 6 87.6 86.9 86.4 FY19/20 Group PLF (82.4%) 4 80 2 70 0 Q1 Q2 Q3 Q4 Q1 FY24/25 FY25/26 Group Passenger Load Factor (%) Group RASK (¢/ask) Slide 8 The
Slide 9: SIA and Scoot Operating Statistics - Passenger
SIA and Scoot Operating Statistics - Passenger Load factors remain robust; the YoY declines in RASK for Q1 FY25/26 is lower for both FSC and LCC vs last year FSC: SIA Operating Statistics LCC: Scoot Operating Statistics Q1 FY25/26 Q1 FY25/26 RASK: 9.6¢/ask RASK: 5.6¢/ask PLF: 86.6% RASK PLF: 91.5% R
Slide 10: Operating Statistics - Cargo
Group Operating Statistics - Cargo Demand was supported by front-loading activity in anticipation of growing uncertainty in the global trade environment Q1 FY25/26 Cargo Yield CLF (%) Yield: 34.5¢/ltk (₵/ltk) 100 CLF: 56.9% 40 36.1 35.0 34.5 FY19/20 Yield 80 30 (30.5¢/ltk) FY19/20 CLF 60 20 (59.3%)
Slide 11: Group Expenditure Q1 FY25/26 $4,385.9M
Group Expenditure Total expenditure rose 3.2%, driven by inflationary pressures and the 3.7% growth in overall capacity, partially mitigated by lower net fuel cost Group Expenditure ($'M) 4,453.6 4,589.7 4,539.2 4,385.9 4,248.2 Q1 FY25/26 $4,385.9M 3,094.0 3,277.3 3,196.0 2,877.9 3,123.9 YoY $137.7M
Slide 12: Net Fuel Cost and Fuel Hedging
Net Fuel Cost and Fuel Hedging Net fuel cost down 7.9% on lower fuel prices, partially offset by higher volume uplift and hedging loss Group Fuel Cost Analysis ($'M) +70.3 -252.3 1,370.3 +109.2 -35.5 -$108.3M Higher 1,262.0 (-7.9%) volume uplift Weakening of Lower weighted Hedging loss vs USD agains
Slide 13: Group Operating Profit Q1 FY25/26 $404.5M
Group Operating Profit Group Operating Profit ($'M) 628.9 Q1 FY25/26 470.2 $404.5M 404.5 YoY 325.4 284.6 $65.7M (14.0%) Q1 Q2 Q3 Q4 Q1 FY24/25 FY25/26 Slide 13 The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Ai
Slide 14: Operating Profit (YoY progression)
Group Operating Profit (YoY progression) Group Operating Profit ($'M) +108.3 -198.0 +34.0 -10.0 470.2 Lower cargo Lower net Higher pax -$65.7M revenue fuel cost 404.5 (-14.0%) flown revenue Includes: • Higher depreciation & leased aircraft charges, foreign exchange loss against gain last year, highe
Slide 15: Group Net Profit Q1 FY25/26 $186.1M
Group Net Profit Net profit decline primarily attributable to the share of losses of associated companies, notably from Air India Group Net Profit ($'M) 1,626.0 1,097.9 One-off non-cash Q1 FY25/26 accounting gain on disposal $186.1M of Vistara ($1,097.9M) YoY $265.6M 451.7 528.1 (58.8%) 528.1 410.0
Slide 16: Net Profit (YoY progression)
Group Net Profit (YoY progression) Net profit decline primarily attributable to the share of losses of associated companies, notably from Air India Group Net Profit ($'M) 451.7 -65.7 -52.9 Lower -$265.6M operating profit -121.6 (-58.8%) Net interest expense vs net interest income last year -16.0 -9.
Slide 17: Group Financial Position
Group Financial Position As at As at 30 June 2025 31 March 2025 Total assets ($’M) 42,056.3 43,086.8 Total debt ($’M) 11,496.7 12,914.3 Total cash and bank balances ($’M) 7,752.3 8,257.1 Fixed deposits (placed for tenors longer than 12 months) ($’M) 2,010.0 1,781.1 Total liabilities ($’M) 25,864.3 2
Slide 18: Group Financial Results
Group Financial Results Q1 FY25/26 Q1 FY24/25 Earnings Per Share (cents) - Basic R4 6.3 12.8 - Adjusted Basic R5 6.3 15.2 - Diluted R6 6.1 12.4 EBITDA ($’M) R7 1,015.1 1,218.9 EBITDA margin (%) R8 21.2 25.8 R4 Earnings per share (basic) is computed by dividing profit attributable to owners of the Co
Slide 19: Thank You
Thank You The copyright in this material (other than in respect of information from external sources) is owned by Singapore Airlines Ltd. Singapore Airlines Ltd has not independently verified the information from external sources. This material may not be modified, reproduced, distributed, republish
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