SATS Full Year 2025 Earnings: Revenues Beat Expectations, EPS Lags

SATS (SGX:S58) Full Year 2025 Results

Key Financial Results

• Revenue: S$5.82b (up 13% from FY 2024).
• Net income: S$243.8m (up 358% from FY 2024).
• Profit margin: 4.2% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue.
• EPS: S$0.16 (up from S$0.036 in FY 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

SATS Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.0%.

The primary driver behind last 12 months revenue was the Gateway Services segment contributing a total revenue of S$4.54b (78% of total revenue). Notably, cost of sales worth S$3.83b amounted to 66% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to S$602.0m (34% of total expenses). Explore how S58's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Infrastructure industry in Asia.

Performance of the market in Singapore.

The company's shares are up 2.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for SATS that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.