SIA Engineering S59

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Financials

Annual Report 2025/26

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Consolidated Income Statement

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Consolidated Income Statement from Annual Report 2025/26
Metric / unit 2026The Group, financial year 2025/262025The Group, financial year 2024/25 Source
REVENUEthousands of $ 1,422,8501,245,149 PDF p. 107
EXPENDITURE
Staff coststhousands of $ 666,494603,492 PDF p. 107
Material coststhousands of $ 321,828272,000 PDF p. 107
Depreciationthousands of $ 59,06357,203 PDF p. 107
Amortisation of intangible assetsthousands of $ 7,8796,498 PDF p. 107
Company accommodationthousands of $ 23,60122,421 PDF p. 107
Subcontract coststhousands of $ 178,282150,072 PDF p. 107
Other operating expensesthousands of $ 136,341118,815 PDF p. 107
Subtotalthousands of $ 1,393,4881,230,501 PDF p. 107
OPERATING PROFITthousands of $ 29,36214,648 PDF p. 107
Interest incomethousands of $ 12,07318,577 PDF p. 107
Finance chargesthousands of $ (5,309)(3,859) PDF p. 107
Loss on disposal of property, plant and equipment and intangible assetsthousands of $ (267)(634) PDF p. 107
Loss on liquidation of a subsidiarythousands of $ (1,950)– PDF p. 107
Share of profits of associated companies, net of taxthousands of $ 111,91081,343 PDF p. 107
Share of profits of a joint venture company, net of taxthousands of $ 33,43637,246 PDF p. 107
PROFIT BEFORE TAXATIONthousands of $ 179,255147,321 PDF p. 107
Taxationthousands of $ (7,802)(5,687) PDF p. 107
PROFIT FOR THE FINANCIAL YEARthousands of $ 171,453141,634 PDF p. 107
PROFIT ATTRIBUTABLE TO
Owners of the parentthousands of $ 168,883139,552 PDF p. 107
Non-controlling intereststhousands of $ 2,5702,082 PDF p. 107
Subtotalthousands of $ 171,453141,634 PDF p. 107
BASIC EARNINGS PER SHARE (CENTS)cents per share 15.0912.46 PDF p. 107
DILUTED EARNINGS PER SHARE (CENTS)cents per share 15.0312.40 PDF p. 107
Definitions & sources

The report states “For the Financial Year Ended 31 March 2026 (in thousands of $)”; the comparative columns are 2025/26 and 2024/25. The accompanying accounting policies and explanatory notes form an integral part of the financial statements. This report presents the consolidated income statement; no separate Company income statement is shown on the inspected primary-statement page.

Consolidated Statement of Comprehensive Income

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Consolidated Statement of Comprehensive Income from Annual Report 2025/26
Metric / unit 2026The Group, financial year 2025/262025The Group, financial year 2024/25 Source
PROFIT FOR THE FINANCIAL YEARthousands of $ 171,453141,634 PDF p. 108
OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR; Item that will not be reclassified to profit or loss
Actuarial loss on remeasurement of defined benefit planthousands of $ (1,189)(1) PDF p. 108
OTHER COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR; Items that may be reclassified subsequently to profit or loss
Foreign currency translation of foreign operationsthousands of $ (33,514)(4,975) PDF p. 108
Realisation of reserves upon liquidation of a subsidiary companythousands of $ 1,950– PDF p. 108
Net fair value adjustment on cash flow hedgesthousands of $ –257 PDF p. 108
Share of other comprehensive income of associated/joint venture companiesthousands of $ 932(1,078) PDF p. 108
Subtotalthousands of $ (30,632)(5,796) PDF p. 108
Other comprehensive income, net of taxthousands of $ (31,821)(5,797) PDF p. 108
TOTAL COMPREHENSIVE INCOME FOR THE FINANCIAL YEARthousands of $ 139,632135,837 PDF p. 108
TOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO
Owners of the parentthousands of $ 137,684133,870 PDF p. 108
Non-controlling intereststhousands of $ 1,9481,967 PDF p. 108
Subtotalthousands of $ 139,632135,837 PDF p. 108
Definitions & sources

The report states “For the Financial Year Ended 31 March 2026 (in thousands of $)”; the comparative columns are 2025/26 and 2024/25. The accompanying accounting policies and explanatory notes form an integral part of the financial statements.

Balance Sheets

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Balance Sheets from Annual Report 2025/26
Metric / unit 2026The Group, as at 31 March 20262025The Group, as at 31 March 20252026The Company, as at 31 March 20262025The Company, as at 31 March 2025 Source
EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT
Share capitalthousands of $ 420,044420,044420,044420,044 PDF p. 109
Treasury sharesthousands of $ (12,660)(14,891)(12,660)(14,891) PDF p. 109
Capital reservethousands of $ 245(69)245(69) PDF p. 109
Share-based compensation reservethousands of $ 8,1146,9228,1146,922 PDF p. 109
Foreign currency translation reservethousands of $ (59,567)(29,163)–– PDF p. 109
Fair value reservethousands of $ (1,593)(2,016)–– PDF p. 109
Equity transaction reservethousands of $ (2,173)(2,173)–– PDF p. 109
General reservethousands of $ 1,403,0761,341,786695,568717,674 PDF p. 109
Subtotalthousands of $ 1,755,4861,720,4401,111,3111,129,680 PDF p. 109
NON-CONTROLLING INTERESTSthousands of $ 22,49121,171–– PDF p. 109
TOTAL EQUITYthousands of $ 1,777,9771,741,6111,111,3111,129,680 PDF p. 109
NON-CURRENT LIABILITIES
Deferred tax liabilitiesthousands of $ 1,102988–– PDF p. 109
Lease liabilitiesthousands of $ 126,16058,36553,23952,689 PDF p. 109
Long-term bank loansthousands of $ 2,3243,217–– PDF p. 109
Subtotalthousands of $ 129,58662,57053,23952,689 PDF p. 109
Non-current assets/equity and non-current-liabilities total source row; original label blank
Subtotalthousands of $ 1,907,5631,804,1811,164,5501,182,369 PDF p. 109
Represented by
PROPERTY, PLANT AND EQUIPMENTthousands of $ 213,805209,448159,300168,997 PDF p. 109
RIGHT-OF-USE ASSETSthousands of $ 148,80877,59675,38670,687 PDF p. 109
INTANGIBLE ASSETSthousands of $ 41,51636,73431,65528,817 PDF p. 109
SUBSIDIARY COMPANIESthousands of $ ––142,451115,455 PDF p. 109
ASSOCIATED COMPANIESthousands of $ 578,526536,228178,278178,278 PDF p. 109
JOINT VENTURE COMPANYthousands of $ 319,273296,37361,86761,867 PDF p. 109
DEFERRED TAX ASSETSthousands of $ 4,02914,8092,93613,233 PDF p. 109
CURRENT ASSETS
Trade receivablesthousands of $ 74,74760,95458,06142,355 PDF p. 109
Contract assetsthousands of $ 171,899108,382163,60699,878 PDF p. 109
Prepayments and other receivablesthousands of $ 13,13315,2184,7128,858 PDF p. 109
Amounts owing by related partiesthousands of $ 71,23358,53475,79164,680 PDF p. 109
Inventoriesthousands of $ 69,12563,75727,56327,542 PDF p. 109
Short-term depositsthousands of $ 510,184605,059480,112577,649 PDF p. 109
Cash and bank balancesthousands of $ 54,58058,30115,50321,483 PDF p. 109
Subtotalthousands of $ 964,901970,205825,348842,445 PDF p. 109
Less: CURRENT LIABILITIES
Trade and other payablesthousands of $ 267,704258,903215,860213,875 PDF p. 109
Contract liabilitiesthousands of $ 58,88046,01944,67032,903 PDF p. 109
Lease liabilitiesthousands of $ 29,59722,14324,62319,809 PDF p. 109
Amounts owing to related partiesthousands of $ 1,55057027,51824,734 PDF p. 109
Bank loansthousands of $ 3,0991,474–– PDF p. 109
Tax payablethousands of $ 2,4658,103–6,089 PDF p. 109
Subtotalthousands of $ 363,295337,212312,671297,410 PDF p. 109
NET CURRENT ASSETSthousands of $ 601,606632,993512,677545,035 PDF p. 109
Statement total after net current assets; original label blank
Subtotalthousands of $ 1,907,5631,804,1811,164,5501,182,369 PDF p. 109
Definitions & sources

The balance sheet is headed “As at 31 March 2026 (in thousands of $)” and prints The Group and The Company with 2026 and 2025 columns for each. Values and dashes are transcribed as printed. The accompanying accounting policies and explanatory notes form an integral part of the financial statements.

Reverse audit added two source rows omitted from the original partial: Equity transaction reserve and the unlabeled row after non-current liabilities (1,907,563 / 1,804,181 / 1,164,550 / 1,182,369). The latter remains blank-labeled because the original prints no label.

Five-Year Financial Summary of the Group — financial statements

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Five-Year Financial Summary of the Group — financial statements from Annual Report 2025/26
Metric / unit 2026FY2025/262025FY2024/252024FY2023/242023FY2022/232022FY2021/22 Source
Income statement
Revenue$ million 1,422.91,245.11,094.2796.0566.1 PDF p. 189
Expenditure$ million 1,393.51,230.51,091.9822.3587.9 PDF p. 189
Operating profit/(loss)$ million 29.414.62.3(26.3)(21.8) PDF p. 189
Other non-operating items$ million 4.614.1(4.0)14.0(8.1) PDF p. 189
Share of profits of associated and joint venture companies, net of tax$ million 145.3118.6101.077.879.1 PDF p. 189
Profit before tax$ million 179.3147.399.365.549.2 PDF p. 189
Profit attributable to owners of the parent$ million 168.9139.697.166.467.6 PDF p. 189
Balance sheet
Share capital$ million 420.0420.0420.0420.0420.0 PDF p. 189
Treasury shares$ million (12.6)(14.9)(4.5)(5.0)(5.8) PDF p. 189
Capital reserve$ million 0.2(0.1)(0.4)(0.5)1.5 PDF p. 189
Share-based compensation reserve$ million 8.16.97.55.85.1 PDF p. 189
Foreign currency translation reserve$ million (59.6)(29.2)(24.2)(35.3)(19.8) PDF p. 189
Fair value reserve$ million (1.6)(2.0)(1.3)4.40.1 PDF p. 189
Equity transaction reserve$ million (2.2)(2.2)(2.2)(2.2)(2.2) PDF p. 189
General reserve$ million 1,403.11,341.91,292.11,278.91,211.8 PDF p. 189
Equity attributable to owners of the parent$ million 1,755.41,720.41,687.01,666.11,610.7 PDF p. 189
Non-controlling interests$ million 22.521.116.210.610.6 PDF p. 189
Total equity$ million 1,777.91,741.51,703.21,676.71,621.3 PDF p. 189
Property, plant and equipment$ million 213.8209.4185.2175.1156.9 PDF p. 189
Right-of-use assets$ million 148.877.6103.4112.463.0 PDF p. 189
Intangibles$ million 41.536.732.040.832.8 PDF p. 189
Associated companies$ million 578.5536.2487.4452.7448.5 PDF p. 189
Joint venture companies$ million 319.3296.4261.6232.6202.8 PDF p. 189
Deferred tax assets$ million 4.014.817.817.517.6 PDF p. 189
Prepayments$ million ––––3.9 PDF p. 189
Current assets$ million 964.9970.31,000.9952.1912.7 PDF p. 189
Total assets$ million 2,270.82,141.42,088.31,983.21,838.2 PDF p. 189
Non-current liabilities$ million 129.662.683.291.139.0 PDF p. 189
Current liabilities$ million 363.3337.3301.9215.4177.9 PDF p. 189
Total liabilities$ million 492.9399.9385.1306.5216.9 PDF p. 189
Net assets$ million 1,777.91,741.51,703.21,676.71,621.3 PDF p. 189
Cash flow statement
Cash flow from operations$ million 28.5168.7101.261.633.9 PDF p. 189
Internally generated cash flow R1$ million 78.6208.7129.298.967.4 PDF p. 189
Capital expenditure$ million 36.952.939.248.618.4 PDF p. 189
Definitions & sources

R1 Internally generated cash flow comprises cash generated from operations, dividends from associated and joint venture companies, and proceeds from the disposal of property, plant and equipment. Additionally, wage support grant contributed significantly in FY21/22.

Five-Year Financial Summary of the Group — ratios, productivity, per-share data and dividends

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Five-Year Financial Summary of the Group — ratios, productivity, per-share data and dividends from Annual Report 2025/26
Metric / unit 2026FY2025/262025FY2024/252024FY2023/242023FY2022/232022FY2021/22 Source
Profitability ratios (%)
Return on equity holders' funds R2% 9.78.25.84.14.3 PDF p. 190
Return on total assets% 7.46.54.63.33.7 PDF p. 190
Return on turnover% 11.911.28.98.311.9 PDF p. 190
Productivity and employee data
Value added$ million 922.0818.4743.1557.9397.2 PDF p. 190
Value added per employee ($)$ 125,289121,492123,558101,15672,548 PDF p. 190
Revenue per employee ($)$ 193,355184,843181,942144,328103,376 PDF p. 190
Average number of employeesemployees 7,3596,7366,0145,5155,476 PDF p. 190
Per share data
Earnings – basic R3cents 15.0912.468.655.916.02 PDF p. 190
Earnings – diluted R4cents 15.0312.408.615.896.00 PDF p. 190
Net asset value R5cents 156.9153.9150.3148.5143.5 PDF p. 190
Gross dividends
Interim dividendcents per share 2.52.02.0–– PDF p. 190
Gross dividends (cents per share)
Final dividend – ordinarycents per share 8.57.06.05.5– PDF p. 190
Gross dividends
Total dividendscents per share 11.09.08.05.5– PDF p. 190
Definitions & sources

# Proposed

R2 Return on equity holders’ funds is the profit attributable to owners of the parent expressed as a percentage of the average equity attributable to owners of the parent.

R3 Earnings per share (basic) is computed by dividing the profit attributable to owners of the parent by the weighted average number of ordinary shares in issue excluding treasury shares.

R4 Earnings per share (diluted) is computed by dividing the profit attributable to owners of the parent by the weighted average number of ordinary shares in issue excluding treasury shares, after adjusting for the dilutive effect on the vesting of all outstanding performance shares, restricted shares and deferred shares granted to employees.

R5 Net asset value per share is computed by dividing the equity attributable to owners of the parent by the number of ordinary shares in issue excluding treasury shares as at 31 March.

Consolidated Statement of Changes in Equity — FY2025/26

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Consolidated Statement of Changes in Equity — FY2025/26 from Annual Report 2025/26
Metric / unit 2026GroupShare capital2026GroupTreasury shares2026GroupCapital reserve2026GroupShare-based compensation reserve2026GroupForeign currency translation reserve2026GroupFair value reserve2026GroupEquity transaction reserve2026GroupGeneral reserve2026GroupEquity attributable to owners of parent - total2026GroupNon-controlling interests2026GroupTotal equity Source
Opening balance
Balance at 1 April 2025$’000 420,044(14,891)(69)6,922(29,163)(2,016)(2,173)1,341,7861,720,44021,1711,741,611 PDF p. 110
Profit
Profit for the year$’000 –––––––168,883168,8832,570171,453 PDF p. 110
Other comprehensive income
Actuarial loss on remeasurement of defined benefit plan$’000 –––––––(1,189)(1,189)–(1,189) PDF p. 110
Foreign currency translation of foreign operations$’000 ––––(32,892)–––(32,892)(622)(33,514) PDF p. 110
Realisation of reserves upon liquidation of a subsidiary company$’000 ––––1,950–––1,950–1,950 PDF p. 110
Share of other comprehensive income of associated/joint venture companies$’000 ––––538423–(29)932–932 PDF p. 110
Other comprehensive income for the year, net of tax$’000 ––––(30,404)423–(1,218)(31,199)(622)(31,821) PDF p. 110
Total comprehensive income
Total comprehensive income for the financial year$’000 ––––(30,404)423–167,665137,6841,948139,632 PDF p. 110
Contributions by/distributions to owners
Share-based compensation expense$’000 –––6,507––––6,507–6,507 PDF p. 110
Share awards released$’000 –5,315–(5,315)––––––– PDF p. 110
Purchase of treasury shares$’000 –(2,770)––––––(2,770)–(2,770) PDF p. 110
Treasury shares reissued pursuant to equity compensation plans$’000 –(314)314–––––––– PDF p. 110
Dividends$’000 –––––––(106,375)(106,375)(628)(107,003) PDF p. 110
Total contributions by and distributions to owners$’000 –2,2313141,192–––(106,375)(102,638)(628)(103,266) PDF p. 110
Closing balance
Balance at 31 March 2026$’000 420,044(12,660)2458,114(59,567)(1,593)(2,173)1,403,0761,755,48622,4911,777,977 PDF p. 110
Definitions & sources

Columns are joined from the facing/continuation page; dashes are literal printed marks.

Consolidated Statement of Changes in Equity — FY2024/25

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Consolidated Statement of Changes in Equity — FY2024/25 from Annual Report 2025/26
Metric / unit 2025GroupShare capital2025GroupTreasury shares2025GroupCapital reserve2025GroupShare-based compensation reserve2025GroupForeign currency translation reserve2025GroupFair value reserve2025GroupEquity transaction reserve2025GroupGeneral reserve2025GroupEquity attributable to owners of parent - total2025GroupNon-controlling interests2025GroupTotal equity Source
Opening balance
Balance at 1 April 2024$’000 420,044(4,511)(388)7,501(24,198)(1,300)(2,173)1,292,0591,687,03416,2051,703,239 PDF p. 112
Profit
Profit for the year$’000 –––––––139,552139,5522,082141,634 PDF p. 112
Other comprehensive income
Actuarial loss on remeasurement of defined benefit plan$’000 –––––––(1)(1)–(1) PDF p. 112
Foreign currency translation of foreign operations$’000 ––––(4,860)–––(4,860)(115)(4,975) PDF p. 112
Net fair value adjustment on cash flow hedges$’000 –––––257––257–257 PDF p. 112
Share of other comprehensive income of associated/joint venture companies$’000 ––––(105)(973)––(1,078)–(1,078) PDF p. 112
Other comprehensive income for the year, net of tax$’000 ––––(4,965)(716)–(1)(5,682)(115)(5,797) PDF p. 112
Total comprehensive income
Total comprehensive income for the financial year$’000 ––––(4,965)(716)–139,551133,8701,967135,837 PDF p. 112
Contributions by/distributions to owners
Capital contribution from non-controlling interests$’000 –––––––––3,3313,331 PDF p. 112
Share-based compensation expense$’000 –––4,972––––4,972–4,972 PDF p. 112
Share awards released$’000 –5,551–(5,551)––––––– PDF p. 112
Purchase of treasury shares$’000 –(15,612)––––––(15,612)–(15,612) PDF p. 112
Treasury shares reissued pursuant to equity compensation plans$’000 –(319)319–––––––– PDF p. 112
Dividends$’000 –––––––(89,824)(89,824)(332)(90,156) PDF p. 112
Total contributions by and distributions to owners$’000 –(10,380)319(579)–––(89,824)(100,464)2,999(97,465) PDF p. 112
Closing balance
Balance at 31 March 2025$’000 420,044(14,891)(69)6,922(29,163)(2,016)(2,173)1,341,7861,720,44021,1711,741,611 PDF p. 112
Definitions & sources

Comparative year block kept separate from FY2025/26.

Company Statement of Changes in Equity — FY2025/26

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Company Statement of Changes in Equity — FY2025/26 from Annual Report 2025/26
Metric / unit 2026CompanyShare capital2026CompanyTreasury shares2026CompanyCapital reserve2026CompanyShare-based compensation reserve2026CompanyGeneral reserve2026CompanyTotal equity Source
Opening balance
Balance at 1 April 2025$’000 420,044(14,891)(69)6,922717,6741,129,680 PDF p. 114
Profit
Profit for the year$’000 ––––85,56085,560 PDF p. 114
Other comprehensive income
Actuarial loss on remeasurement of defined benefit plan$’000 ––––(1,291)(1,291) PDF p. 114
Total comprehensive income
Total comprehensive income for the financial year$’000 ––––84,26984,269 PDF p. 114
Contributions by/distributions to owners
Share-based compensation expense$’000 –––6,507–6,507 PDF p. 114
Share awards released$’000 –5,315–(5,315)–– PDF p. 114
Purchase of treasury shares$’000 –(2,770)–––(2,770) PDF p. 114
Treasury shares reissued pursuant to equity compensation plans$’000 –(314)314––– PDF p. 114
Dividends$’000 ––––(106,375)(106,375) PDF p. 114
Total contributions by and distributions to owners$’000 –2,2313141,192(106,375)(102,638) PDF p. 114
Closing balance
Balance at 31 March 2026$’000 420,044(12,660)2458,114695,5681,111,311 PDF p. 114
Definitions & sources

Company Statement of Changes in Equity — FY2024/25

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Company Statement of Changes in Equity — FY2024/25 from Annual Report 2025/26
Metric / unit 2025CompanyShare capital2025CompanyTreasury shares2025CompanyCapital reserve2025CompanyShare-based compensation reserve2025CompanyFair value reserve2025CompanyGeneral reserve2025CompanyTotal equity Source
Opening balance
Balance at 1 April 2024$’000 420,044(4,511)(388)7,501(257)745,6921,168,081 PDF p. 115
Profit
Profit for the year$’000 –––––61,80661,806 PDF p. 115
Other comprehensive income
Net fair value adjustment on cash flow hedges$’000 ––––257–257 PDF p. 115
Total comprehensive income
Total comprehensive income for the financial year$’000 ––––25761,80662,063 PDF p. 115
Contributions by/distributions to owners
Share-based compensation expense$’000 –––4,972––4,972 PDF p. 115
Share awards released$’000 –5,551–(5,551)––– PDF p. 115
Purchase of treasury shares$’000 –(15,612)––––(15,612) PDF p. 115
Treasury shares reissued pursuant to equity compensation plans$’000 –(319)319–––– PDF p. 115
Dividends$’000 –––––(89,824)(89,824) PDF p. 115
Total contributions by and distributions to owners$’000 –(10,380)319(579)–(89,824)(100,464) PDF p. 115
Closing balance
Balance at 31 March 2025$’000 420,044(14,891)(69)6,922–717,6741,129,680 PDF p. 115
Definitions & sources

Consolidated Statement of Cash Flows — Group

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Consolidated Statement of Cash Flows — Group from Annual Report 2025/26
Metric / unit 2026Group, FY2025/262025Group, FY2024/25 Source
Operating
Profit before taxation$’000 179,255147,321 PDF p. 116
Adjustments
Depreciation$’000 59,06357,203 PDF p. 116
Amortisation of intangible assets$’000 7,8796,498 PDF p. 116
Impairment loss reversal for trade receivables, contract assets and amounts owing by related parties$’000 (222)(458) PDF p. 116
Provision for onerous contract$’000 4,000– PDF p. 116
Share-based compensation expense$’000 6,3124,863 PDF p. 116
Provision for stock obsolescence, net$’000 1,3881,600 PDF p. 116
Unrealised exchange differences$’000 (779)(445) PDF p. 116
Interest income$’000 (12,073)(18,577) PDF p. 116
Finance charges$’000 5,3093,859 PDF p. 116
Loss on disposal of property, plant and equipment and intangible assets$’000 267634 PDF p. 116
Loss on liquidation of a subsidiary$’000 1,950– PDF p. 116
Share of profits of associated and joint venture companies, net of tax$’000 (145,346)(118,589) PDF p. 116
Operating
Operating profit before working capital changes$’000 107,00383,909 PDF p. 116
Working capital
(Increase)/Decrease in receivables$’000 (11,560)14,820 PDF p. 116
(Increase)/Decrease in contract assets$’000 (63,464)42,713 PDF p. 116
Increase in inventories$’000 (6,755)(3,655) PDF p. 116
Increase in payables$’000 3,35541,524 PDF p. 116
Increase/(Decrease) in contract liabilities$’000 12,861(218) PDF p. 116
Increase in amounts owing by related parties, net$’000 (12,941)(10,426) PDF p. 116
Operating
Cash generated from operations$’000 28,499168,667 PDF p. 116
Income taxes paid$’000 (2,211)(1,679) PDF p. 116
NET CASH FROM OPERATING ACTIVITIES$’000 26,288166,988 PDF p. 116
Investing
Capital expenditure$’000 (36,877)(52,906) PDF p. 117
Purchase of intangible assets$’000 (11,337)(11,479) PDF p. 117
Proceeds from disposal of assets held-for-sale$’000 –467 PDF p. 117
Proceeds from disposal of property, plant and equipment and intangible assets$’000 122106 PDF p. 117
Investment in associated company$’000 –(10,608) PDF p. 117
Dividends received from associated companies$’000 49,93639,926 PDF p. 117
Interest received from deposits$’000 13,47520,685 PDF p. 117
Payment of contingent consideration$’000 –(967) PDF p. 117
NET CASH FROM/(USED IN) INVESTING ACTIVITIES$’000 15,319(14,776) PDF p. 117
Financing
Capital contribution from non-controlling interests$’000 –3,331 PDF p. 117
Dividends paid$’000 (106,375)(89,824) PDF p. 117
Dividends paid by subsidiary companies to non-controlling interests$’000 (628)(332) PDF p. 117
Finance charges paid$’000 (584)(496) PDF p. 117
Repayment of lease liabilities$’000 (29,722)(31,362) PDF p. 117
Proceeds from borrowings$’000 1,6821,619 PDF p. 117
Repayment of borrowings$’000 (771)(1,986) PDF p. 117
Purchase of treasury shares$’000 (2,770)(15,612) PDF p. 117
NET CASH USED IN FINANCING ACTIVITIES$’000 (139,168)(134,662) PDF p. 117
Cash reconciliation
NET CASH (OUTFLOW)/INFLOW$’000 (97,561)17,550 PDF p. 117
CASH AND CASH EQUIVALENTS AT BEGINNING OF FINANCIAL YEAR$’000 663,360645,950 PDF p. 117
Effect of exchange rate changes$’000 (1,035)(140) PDF p. 117
CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR$’000 564,764663,360 PDF p. 117
Cash equivalents analysis
Short-term deposits$’000 510,184605,059 PDF p. 117
Cash and bank balances$’000 54,58058,301 PDF p. 117
CASH AND CASH EQUIVALENTS AT END OF FINANCIAL YEAR$’000 564,764663,360 PDF p. 117
Definitions & sources

Company cash flow statement not separately printed; auditor report explicitly lists consolidated Group cash flows only.

FY2025/26 At a Glance — headline financial figures

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FY2025/26 At a Glance — headline financial figures from Annual Report 2025/26
Metric / unit 2026Group, FY2025/26 Source
FY2025/26 At a Glance
NET PROFIT$ million 168.9 PDF p. 3
REVENUE$ million 1,422.9 PDF p. 3
Definitions & sources

Statistical Highlights — Financial Statistics and Productivity

18 metrics

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Statistical Highlights — Financial Statistics and Productivity from Annual Report 2025/26
Metric / unit 2026Group, FY2025/262025Group, FY2024/25 Source
Financial Results ($ million)
RevenueSGD million 1,422.91,245.1 PDF p. 85
ExpenditureSGD million 1,393.51,230.5 PDF p. 85
Operating profitSGD million 29.414.6 PDF p. 85
Profit before taxationSGD million 179.3147.3 PDF p. 85
Profit attributable to owners of the parentSGD million 168.9139.6 PDF p. 85
Financial Position ($ million)
Equity attributable to owners of the parentSGD million 1,755.41,720.4 PDF p. 85
Total assetsSGD million 2,270.82,141.4 PDF p. 85
Financial Position
Return on equity holders' funds (%) R2% 9.78.2 PDF p. 85
Value added ($ million)SGD million 922.0818.4 PDF p. 85
Per Share Data (cents)
Earnings – basic R3cents per share 15.0912.46 PDF p. 85
Earnings – diluted R4cents per share 15.0312.40 PDF p. 85
Net asset value R5cents per share 156.9153.9 PDF p. 85
Dividends (cents per share)
Interim dividendcents per share 2.52.0 PDF p. 85
Dividends (cents per share); # proposed
Final dividendcents per share 8.57.0 PDF p. 85
Productivity and employee data
Average number of employeespersons 7,3596,736 PDF p. 85
Revenue per employee ($)SGD per employee 193,355184,843 PDF p. 85
Value added per employee ($)SGD per employee 125,289121,492 PDF p. 85
Staff costs per employee ($)SGD per employee 90,56989,592 PDF p. 85
Definitions & sources

Note R1 states the financial year is 1 April to 31 March and financial figures are SGD unless stated otherwise.

Financial Review — Revenue Composition

3 metrics

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Financial Review — Revenue Composition from Annual Report 2025/26
Metric / unit 2026Group, FY2025/262025Group, FY2024/252026Change, 2025/26 vs 2024/25, $ million Source
Revenue
Airframe overhaul and line maintenanceSGD million 968.9912.356.6 PDF p. 88
Engine and componentSGD million 454.0332.8121.2 PDF p. 88
TotalSGD million 1,422.91,245.1177.8 PDF p. 88
Definitions & sources

Footnote: Revenue from Company and subsidiary companies. The report directs readers to Note 35 for Group revenue inclusive of associates and joint ventures.

Financial Review — Expenditure Breakdown

5 metrics

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Financial Review — Expenditure Breakdown from Annual Report 2025/26
Metric / unit 2026Group, FY2025/262025Group, FY2024/252026Change, 2025/26 vs 2024/25, $ million Source
Expenditure
Staff costsSGD million 666.5603.563.0 PDF p. 88
Material costsSGD million 321.8272.049.8 PDF p. 88
Subcontract costsSGD million 178.3150.128.2 PDF p. 88
OverheadsSGD million 226.9204.922.0 PDF p. 88
TotalSGD million 1,393.51,230.5163.0 PDF p. 88
Definitions & sources

Financial Review — Operating Profit/(Loss) by Segment

3 metrics

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Financial Review — Operating Profit/(Loss) by Segment from Annual Report 2025/26
Metric / unit 2026Group, FY2025/262025Group, FY2024/252026Change, 2025/26 vs 2024/25, $ million Source
Operating profit/(loss)
Airframe and line maintenanceSGD million 39.127.211.9 PDF p. 89
Engine and componentSGD million (9.7)(12.6)2.9 PDF p. 89
TotalSGD million 29.414.614.8 PDF p. 89
Definitions & sources

Financial Review — Staff Strength and Indices

4 metrics

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Financial Review — Staff Strength and Indices from Annual Report 2025/26
Metric / unit 2026Group, FY2025/262025Group, FY2024/25 Source
Productivity
Revenue per employee ($)SGD per employee 193,355184,843 PDF p. 91
Value added per employee ($)SGD per employee 125,289121,492 PDF p. 91
Staff costs per employee ($)SGD per employee 90,56989,592 PDF p. 91
Average number of employeespersons 7,3596,736 PDF p. 91
Definitions & sources

Statement of Value Added and Its Distribution

21 metrics

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Statement of Value Added and Its Distribution from Annual Report 2025/26
Metric / unit 2026Group, FY2025/262025Group, FY2024/25 Source
Value added
Revenue$ million unless otherwise stated 1,422.91,245.1 PDF p. 92
Less
Purchase of goods and services$ million unless otherwise stated (656.1)(563.3) PDF p. 92
Value added
Value added on operations$ million unless otherwise stated 766.8681.8 PDF p. 92
Add
Interest income$ million unless otherwise stated 12.118.6 PDF p. 92
Loss on disposal of property, plant and equipment and intangible assets$ million unless otherwise stated (0.2)(0.6) PDF p. 92
Loss on liquidation of a subsidiary$ million unless otherwise stated (2.0)– PDF p. 92
Share of profits of associated and joint venture companies, net of tax$ million unless otherwise stated 145.3118.6 PDF p. 92
Value added
Total value added available for distribution$ million unless otherwise stated 922.0818.4 PDF p. 92
To employees
Salaries and other staff costs$ million unless otherwise stated 666.5603.5 PDF p. 92
To government
Corporate taxes$ million unless otherwise stated (3.4)2.3 PDF p. 92
To suppliers of capital
Interest charges$ million unless otherwise stated 5.33.9 PDF p. 92
Interim and proposed dividends$ million unless otherwise stated 123.1100.7 PDF p. 92
Non-controlling interests$ million unless otherwise stated 2.62.1 PDF p. 92
Retained for future capital requirements
Depreciation$ million unless otherwise stated 59.157.2 PDF p. 92
Amortisation of intangibles$ million unless otherwise stated 7.96.5 PDF p. 92
Impairment of onerous contract$ million unless otherwise stated 4.0– PDF p. 92
Retained profit$ million unless otherwise stated 56.942.2 PDF p. 92
Value added
Total value added$ million unless otherwise stated 922.0818.4 PDF p. 92
Ratios
Value added per $ revenue ($)SGD per SGD 0.650.66 PDF p. 92
Value added per $ employment cost ($)SGD per SGD 1.381.36 PDF p. 92
Value added per $ investment in property, plant and equipment ($)SGD per SGD 1.000.91 PDF p. 92
Definitions & sources

Financial Review — Capital Expenditure and Cash Flow Highlights

7 metrics

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Financial Review — Capital Expenditure and Cash Flow Highlights from Annual Report 2025/26
Metric / unit 2026Group, FY2025/26 Source
FY2025/26
Capital expenditure$ million 36.9 PDF p. 91
Capital expenditure decrease$ million year-on-year 16.0 PDF p. 91
Capital expenditure change% year-on-year -30.2 PDF p. 91
Internally generated cash flow$ million 78.6 PDF p. 91
Internally generated cash flow decrease$ million year-on-year 130.1 PDF p. 91
Internally generated cash flow% lower year-on-year 62.3 PDF p. 91
Self-financing ratio of capital expendituretimes 2.13 PDF p. 91
Definitions & sources

Share Price and Market Value Ratios

6 metrics

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Share Price and Market Value Ratios from Annual Report 2025/26
Metric / unit 202631 March FY2025/26202531 March FY2024/25 Source
Share Price ($)
Highest closing priceSGD per share 3.752.49 PDF p. 194
Lowest closing priceSGD per share 1.912.18 PDF p. 194
31 March closing priceSGD per share 3.242.18 PDF p. 194
Market Value Ratios
Price/Earningsratio 21.517.5 PDF p. 194
Price/Book Valueratio 2.11.4 PDF p. 194
Price/Cash Earningsratio 15.212.1 PDF p. 194
Definitions & sources

FY2025/26 Final Ordinary Dividend — narrative terms

2 metrics

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FY2025/26 Final Ordinary Dividend — narrative terms from Annual Report 2025/26
Metric / unit 2026FY ended 31 March 2026 Source
Proposed
Final ordinary dividend recommendedcents per share 8.5 PDF p. 90
Approximate total amount$ million 95.1 PDF p. 90
Definitions & sources

Proposed dividend is conditional on shareholder approval; not reported as an already paid dividend.

Statistical Highlights — Financial Statistics and Productivity — year-on-year change

18 metrics

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Statistical Highlights — Financial Statistics and Productivity — year-on-year change from Annual Report 2025/26
Metric / unit 2026Change, 2025/26 vs 2024/25 Source
Financial Results ($ million)
Revenue% 14.3 PDF p. 85
Expenditure% 13.2 PDF p. 85
Operating profit% 101.4 PDF p. 85
Profit before taxation% 21.7 PDF p. 85
Profit attributable to owners of the parent% 21.0 PDF p. 85
Financial Position ($ million)
Equity attributable to owners of the parent% 2.0 PDF p. 85
Total assets% 6.0 PDF p. 85
Financial Position
Return on equity holders' funds (%) R2percentage points 1.5 PDF p. 85
Value added ($ million)% 12.7 PDF p. 85
Per Share Data (cents)
Earnings – basic R3% 21.1 PDF p. 85
Earnings – diluted R4% 21.1 PDF p. 85
Net asset value R5% 1.9 PDF p. 85
Dividends (cents per share)
Interim dividend% 25.0 PDF p. 85
Dividends (cents per share); # proposed
Final dividend% 21.4 PDF p. 85
Productivity and employee data
Average number of employees% 9.2 PDF p. 85
Revenue per employee ($)% 4.6 PDF p. 85
Value added per employee ($)% 3.1 PDF p. 85
Staff costs per employee ($)% 1.1 PDF p. 85
Definitions & sources

Note R1 states the financial year is 1 April to 31 March and financial figures are SGD unless stated otherwise.

Financial Review — Revenue Composition — year-on-year change

3 metrics

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Financial Review — Revenue Composition — year-on-year change from Annual Report 2025/26
Metric / unit 2026Change, 2025/26 vs 2024/25, % Source
Revenue
Airframe overhaul and line maintenance% 6.2 PDF p. 88
Engine and component% 36.4 PDF p. 88
Total% 14.3 PDF p. 88
Definitions & sources

Footnote: Revenue from Company and subsidiary companies. The report directs readers to Note 35 for Group revenue inclusive of associates and joint ventures.

Financial Review — Expenditure Breakdown — year-on-year change

5 metrics

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Financial Review — Expenditure Breakdown — year-on-year change from Annual Report 2025/26
Metric / unit 2026Change, 2025/26 vs 2024/25, % Source
Expenditure
Staff costs% 10.4 PDF p. 88
Material costs% 18.3 PDF p. 88
Subcontract costs% 18.8 PDF p. 88
Overheads% 10.7 PDF p. 88
Total% 13.2 PDF p. 88
Definitions & sources

Financial Review — Operating Profit/(Loss) by Segment — year-on-year change

3 metrics

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Financial Review — Operating Profit/(Loss) by Segment — year-on-year change from Annual Report 2025/26
Metric / unit 2026Change, 2025/26 vs 2024/25, % Source
Operating profit/(loss)
Airframe and line maintenance% 43.8 PDF p. 89
Engine and component% 23.0 PDF p. 89
Total% 101.4 PDF p. 89
Definitions & sources

Financial Review — Staff Strength and Indices — year-on-year change

4 metrics

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Financial Review — Staff Strength and Indices — year-on-year change from Annual Report 2025/26
Metric / unit 2026Change, 2025/26 vs 2024/25 Source
Productivity
Revenue per employee ($)% 4.6 PDF p. 91
Value added per employee ($)% 3.1 PDF p. 91
Staff costs per employee ($)% 1.1 PDF p. 91
Average number of employees% 9.2 PDF p. 91
Definitions & sources

Financial Review — Group profitability ratios

3 metrics

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Financial Review — Group profitability ratios from Annual Report 2025/26
Metric / unit 2026Group2025Group Source
Group profitability ratios
Return on turnover% 11.911.2 PDF p. 87
Return on average equity holders’ funds% 9.78.2 PDF p. 87
Return on total assets% 7.46.5 PDF p. 87
Definitions & sources

Financial Review — Group profitability ratio changes

3 metrics

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Financial Review — Group profitability ratio changes from Annual Report 2025/26
Metric / unit 2026Group; change from FY2024/25 to FY2025/26 Source
Group profitability ratios
Return on turnoverpercentage points 0.7 PDF p. 87
Return on average equity holders’ fundspercentage points 1.5 PDF p. 87
Return on total assetspercentage points 0.9 PDF p. 87
Definitions & sources

Operating segment information — FY2025/26

25 metrics

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Operating segment information — FY2025/26 from Annual Report 2025/26
Metric / unit 2026Group; FY2025/26Airframe and line maintenance2026Group; FY2025/26Engine and component2026Group; FY2025/26Total segments2026Group; FY2025/26Elimination and adjustments2026Group; FY2025/26Per consolidated financial statements Source
Segment revenue
Company and subsidiariesSGD thousands 968,861453,9891,422,850–1,422,850 PDF p. 180
Associated companiesSGD thousands 76,2794,808,6644,884,943(4,884,943)– PDF p. 180
Joint venture companySGD thousands –6,429,8386,429,838(6,429,838)– PDF p. 180
Inter-segment revenueSGD thousands 32,699–32,699(32,699)– PDF p. 180
SubtotalSGD thousands 1,077,83911,692,49112,770,330(11,347,480)1,422,850 PDF p. 180
Segment results
Company and subsidiariesSGD thousands 39,090(9,728)29,362–29,362 PDF p. 180
Associated companiesSGD thousands 15,619281,701297,320(297,320)– PDF p. 180
Joint venture companySGD thousands –75,11675,116(75,116)– PDF p. 180
SubtotalSGD thousands 54,709347,089401,798(372,436)29,362 PDF p. 180
Interest incomeSGD thousands 12,073 PDF p. 180
Loss on liquidation of a subsidiarySGD thousands (1,950) PDF p. 180
Share of profits of associated companies, net of taxSGD thousands 111,910111,910 PDF p. 180
Share of profits of a joint venture company, net of taxSGD thousands 33,43633,436 PDF p. 180
Other unallocated amountsSGD thousands (5,576) PDF p. 180
Profit before taxationSGD thousands 179,255 PDF p. 180
TaxationSGD thousands (7,802) PDF p. 180
Profit for the financial yearSGD thousands 171,453 PDF p. 180
Other segment items
DepreciationSGD thousands 40,74118,32259,063–59,063 PDF p. 180
Amortisation of intangible assetsSGD thousands 6,1171,7627,879–7,879 PDF p. 180
Segment assets
Property, plant and equipmentSGD thousands 104,350109,455213,805–213,805 PDF p. 180
Right-of-use assetsSGD thousands 134,33014,478148,808–148,808 PDF p. 180
Intangible assetsSGD thousands 29,25512,26141,516–41,516 PDF p. 180
Investment in associated/joint venture companiesSGD thousands 18,018879,781897,799–897,799 PDF p. 180
Other unallocated assetsSGD thousands 968,930 PDF p. 180
Total assetsSGD thousands 285,9531,015,9751,301,928–2,270,858 PDF p. 180
Definitions & sources

Original printed empty cells remain blank; dashes remain dashes. All amounts are in Singapore dollars thousands.

Operating segment information — FY2024/25

24 metrics

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Operating segment information — FY2024/25 from Annual Report 2025/26
Metric / unit 2025Group; FY2024/25Airframe and line maintenance2025Group; FY2024/25Engine and component2025Group; FY2024/25Total segments2025Group; FY2024/25Elimination and adjustments2025Group; FY2024/25Per consolidated financial statements Source
Segment revenue
Company and subsidiariesSGD thousands 912,276332,8731,245,149–1,245,149 PDF p. 181
Associated companiesSGD thousands 71,8283,107,9803,179,808(3,179,808)– PDF p. 181
Joint venture companySGD thousands –4,574,1924,574,192(4,574,192)– PDF p. 181
Inter-segment revenueSGD thousands 27,935–27,935(27,935)– PDF p. 181
SubtotalSGD thousands 1,012,0398,015,0459,027,084(7,781,935)1,245,149 PDF p. 181
Segment results
Company and subsidiariesSGD thousands 27,193(12,545)14,648–14,648 PDF p. 181
Associated companiesSGD thousands 14,183190,087204,270(204,270)– PDF p. 181
Joint venture companySGD thousands –67,30867,308(67,308)– PDF p. 181
SubtotalSGD thousands 41,376244,850286,226(271,578)14,648 PDF p. 181
Interest incomeSGD thousands 18,577 PDF p. 181
Share of profits of associated companies, net of taxSGD thousands 81,34381,343 PDF p. 181
Share of profits of a joint venture company, net of taxSGD thousands 37,24637,246 PDF p. 181
Other unallocated amountsSGD thousands (4,493) PDF p. 181
Profit before taxationSGD thousands 147,321 PDF p. 181
TaxationSGD thousands (5,687) PDF p. 181
Profit for the financial yearSGD thousands 141,634 PDF p. 181
Other segment items
DepreciationSGD thousands 38,51218,69157,203–57,203 PDF p. 181
Amortisation of intangible assetsSGD thousands 5,2301,2686,498–6,498 PDF p. 181
Segment assets
Property, plant and equipmentSGD thousands 90,159119,289209,448–209,448 PDF p. 181
Right-of-use assetsSGD thousands 64,62112,97577,596–77,596 PDF p. 181
Intangible assetsSGD thousands 32,2584,47636,734–36,734 PDF p. 181
Investment in associated/joint venture companiesSGD thousands 15,558817,043832,601–832,601 PDF p. 181
Other unallocated assetsSGD thousands 985,014 PDF p. 181
Total assetsSGD thousands 202,596953,7831,156,379–2,141,393 PDF p. 181
Definitions & sources

Original printed empty cells remain blank; dashes remain dashes. All amounts are in Singapore dollars thousands.

Segment reconciliation — unallocated charges

3 metrics

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Segment reconciliation — unallocated charges from Annual Report 2025/26
Metric / unit 2026Group2025Group Source
Segment reconciliation — unallocated charges
Finance chargesSGD thousands (5,309)(3,859) PDF p. 182
Loss on disposal of property, plant and equipment and intangible assetsSGD thousands (267)(634) PDF p. 182
SubtotalSGD thousands (5,576)(4,493) PDF p. 182
Definitions & sources

Original printed empty cells remain blank; dashes remain dashes. All amounts are in Singapore dollars thousands.

Segment reconciliation — unallocated assets

3 metrics

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Segment reconciliation — unallocated assets from Annual Report 2025/26
Metric / unit 2026Group2025Group Source
Segment reconciliation — unallocated assets
Deferred tax assetsSGD thousands 4,02914,809 PDF p. 182
Current assetsSGD thousands 964,901970,205 PDF p. 182
SubtotalSGD thousands 968,930985,014 PDF p. 182
Definitions & sources

Original printed empty cells remain blank; dashes remain dashes. All amounts are in Singapore dollars thousands.

Geographical segment revenue and non-current assets

6 metrics

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Geographical segment revenue and non-current assets from Annual Report 2025/26
Metric / unit 2026Group; revenue by customer location2025Group; revenue by customer location2026Group; non-current assets by asset location2025Group; non-current assets by asset location Source
Geographical segment revenue and non-current assets
East AsiaSGD thousands 950,586877,0031,304,5001,168,789 PDF p. 182
EuropeSGD thousands 274,535208,403–– PDF p. 182
South West PacificSGD thousands 18,02314,884–– PDF p. 182
AmericasSGD thousands 68,00558,1251,4572,399 PDF p. 182
West Asia and AfricaSGD thousands 111,70186,734–– PDF p. 182
TotalSGD thousands 1,422,8501,245,1491,305,9571,171,188 PDF p. 182
Definitions & sources

Original printed empty cells remain blank; dashes remain dashes. All amounts are in Singapore dollars thousands.

Capital management — capital and debt

7 metrics

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Capital management — capital and debt from Annual Report 2025/26
Metric / unit 2026Group2025Group2026Company2025Company Source
Total debt
Lease liabilitiesSGD thousands 155,75780,50877,86272,498 PDF p. 183
Bank loansSGD thousands 5,4234,691–– PDF p. 183
SubtotalSGD thousands 161,18085,19977,86272,498 PDF p. 183
Total capital
Share capitalSGD thousands 420,044420,044420,044420,044 PDF p. 183
ReservesSGD thousands 1,335,4421,300,396691,267709,636 PDF p. 183
SubtotalSGD thousands 1,755,4861,720,4401,111,3111,129,680 PDF p. 183
Capital and total debt
Capital and total debtSGD thousands 1,916,6661,805,6391,189,1731,202,178 PDF p. 183
Definitions & sources

Original printed empty cells remain blank; dashes remain dashes. All amounts are in Singapore dollars thousands.

Segment information — Note 35 Operating Segments 2025/26 (in thousands of $)

16 metrics

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Segment information — Note 35 Operating Segments 2025/26 (in thousands of $) from Annual Report 2025/26
Metric / unit 2026Airframe and line maintenance, FY2025/262026Engine and component, FY2025/262026Total segments, FY2025/262026Elimination and adjustments, FY2025/262026Per consolidated financial statements, FY2025/26 Source
Segment revenue
Company and subsidiaries (External revenue)thousands of $ 968,861453,9891,422,850–1,422,850 PDF p. 180
Associated companies (External revenue)thousands of $ 76,2794,808,6644,884,943(4,884,943)– PDF p. 180
Joint venture company (External revenue)thousands of $ –6,429,8386,429,838(6,429,838)– PDF p. 180
Inter-segment revenuethousands of $ 32,699–32,699(32,699)– PDF p. 180
Total segment revenuethousands of $ 1,077,83911,692,49112,770,330(11,347,480)1,422,850 PDF p. 180
Segment results
Company and subsidiaries (Segment results)thousands of $ 39,090(9,728)29,362–29,362 PDF p. 180
Associated companies (Segment results)thousands of $ 15,619281,701297,320(297,320)– PDF p. 180
Joint venture company (Segment results)thousands of $ –75,11675,116(75,116)– PDF p. 180
Total segment resultsthousands of $ 54,709347,089401,798(372,436)29,362 PDF p. 180
Other segment items
Depreciationthousands of $ 40,74118,32259,063–59,063 PDF p. 180
Amortisation of intangible assetsthousands of $ 6,1171,7627,879–7,879 PDF p. 180
Segment assets
Property, plant and equipmentthousands of $ 104,350109,455213,805–213,805 PDF p. 180
Right-of-use assetsthousands of $ 134,33014,478148,808–148,808 PDF p. 180
Intangible assetsthousands of $ 29,25512,26141,516–41,516 PDF p. 180
Investment in associated/ joint venture companiesthousands of $ 18,018879,781897,799–897,799 PDF p. 180
Total assetsthousands of $ 285,9531,015,9751,301,928–2,270,858 PDF p. 180
Definitions & sources

Segment liabilities are not available as the information is not used by Management to make operating decisions.

(a) Full information of the associated and joint venture companies (total revenue, total profit or loss) are reported in Operating Segments Revenue and Results, but eliminated to reconcile to the Group consolidated results with these equity-accounted investees included under the equity method.

(b) Inter-segment revenues are eliminated on consolidation.

(c) Items deducted from segment results to arrive at profit before taxation: Finance charges (5,309); Loss on disposal of property, plant and equipment and intangible assets (267); total (5,576) for 2026.

(d) Items added to segment assets: Deferred tax assets 4,029; Current assets 964,901; total 968,930 at 31 March 2026.

Blank values denote cells not printed. Year columns are FY2025/26 (ended 31 March 2026).

Segment information — Note 35 Operating Segments 2024/25 (in thousands of $)

16 metrics

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Segment information — Note 35 Operating Segments 2024/25 (in thousands of $) from Annual Report 2025/26
Metric / unit 2025Airframe and line maintenance, FY2024/252025Engine and component, FY2024/252025Total segments, FY2024/252025Elimination and adjustments, FY2024/252025Per consolidated financial statements, FY2024/25 Source
Segment revenue
Company and subsidiaries (External revenue)thousands of $ 912,276332,8731,245,149–1,245,149 PDF p. 181
Associated companies (External revenue)thousands of $ 71,8283,107,9803,179,808(3,179,808)– PDF p. 181
Joint venture company (External revenue)thousands of $ –4,574,1924,574,192(4,574,192)– PDF p. 181
Inter-segment revenuethousands of $ 27,935–27,935(27,935)– PDF p. 181
Total segment revenuethousands of $ 1,012,0398,015,0459,027,084(7,781,935)1,245,149 PDF p. 181
Segment results
Company and subsidiaries (Segment results)thousands of $ 27,193(12,545)14,648–14,648 PDF p. 181
Associated companies (Segment results)thousands of $ 14,183190,087204,270(204,270)– PDF p. 181
Joint venture company (Segment results)thousands of $ –67,30867,308(67,308)– PDF p. 181
Total segment resultsthousands of $ 41,376244,850286,226(271,578)14,648 PDF p. 181
Other segment items
Depreciationthousands of $ 38,51218,69157,203–57,203 PDF p. 181
Amortisation of intangible assetsthousands of $ 5,2301,2686,498–6,498 PDF p. 181
Segment assets
Property, plant and equipmentthousands of $ 90,159119,289209,448–209,448 PDF p. 181
Right-of-use assetsthousands of $ 64,62112,97577,596–77,596 PDF p. 181
Intangible assetsthousands of $ 32,2584,47636,734–36,734 PDF p. 181
Investment in associated/joint venture companiesthousands of $ 15,558817,043832,601–832,601 PDF p. 181
Total assetsthousands of $ 202,596953,7831,156,379–2,141,393 PDF p. 181
Definitions & sources

Segment liabilities are not available as the information is not used by Management to make operating decisions.

(c) Items deducted from segment results: Finance charges (3,859); Loss on disposal of property, plant and equipment and intangible assets (634); total (4,493) for 2025.

(d) Items added to segment assets: Deferred tax assets 14,809; Current assets 970,205; total 985,014 at 31 March 2025.

(a) and (b) as per the 2025/26 table. Blank values denote cells not printed. Year columns are FY2024/25 (ended 31 March 2025).

Segment information — Note 35 Geographical segments: Revenue and non-current assets (in thousands of $)

6 metrics

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Segment information — Note 35 Geographical segments: Revenue and non-current assets (in thousands of $) from Annual Report 2025/26
Metric / unit 2026Revenue (Company and subsidiaries), 2025/262025Revenue (Company and subsidiaries), 2024/252026Non-current assets, 31 March 20262025Non-current assets, 31 March 2025 Source
Geographical segments
East Asiathousands of $ 950,586877,0031,304,5001,168,789 PDF p. 182
Europethousands of $ 274,535208,403–– PDF p. 182
South West Pacificthousands of $ 18,02314,884–– PDF p. 182
Americasthousands of $ 68,00558,1251,4572,399 PDF p. 182
West Asia and Africathousands of $ 111,70186,734–– PDF p. 182
Totalthousands of $ 1,422,8501,245,1491,305,9571,171,188 PDF p. 182
Definitions & sources

Revenue* and non-current assets information based on geographical location of customers and assets respectively. * Revenue from Company and subsidiaries.

Revenue of approximately $811,898,000 (2024/25: $744,152,000) and $253,201,000 (2024/25: $181,997,000) were from customers located in Singapore and France respectively.

Non-current assets of approximately $1,232,908,000 (2025: $1,101,684,000) were located in Singapore.

Non-current assets consist of property, plant and equipment, right-of-use assets, intangible assets, investments in associated and joint venture companies, and deferred tax assets.

Revenue from one major customer amounted to approximately $679,357,000 (2024/25: $639,028,000), mainly from the airframe and line maintenance segment.

Borrowings — Note 30 Bank loans - The Group (in thousands of $)

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Borrowings — Note 30 Bank loans - The Group (in thousands of $) from Annual Report 2025/26
Metric / unit 2026The Group, 31 March 20262025The Group, 31 March 2025 Source
Current liabilities
Revolving credit facilitythousands of $ 2,324670 PDF p. 165
Term loanthousands of $ 775804 PDF p. 165
Total current bank loansthousands of $ 3,0991,474 PDF p. 165
Non-current liability
Term loanthousands of $ 2,3243,217 PDF p. 165
Definitions & sources

The revolving credit facility denominated in United States dollars taken by a subsidiary company is unsecured and bear interest at an average floating rate of 5.25% (2025: 5.81%) per annum. The current revolving credit facility shall be repayable within 12 months after the reporting date.

The term loan denominated in United States dollars drawn down by a subsidiary company is unsecured and bears interest at a floating rate of 5.81% (2025: 6.39%) per annum, to be re-priced after half a year. This drawdown will be repayable by March 2028 with 8 quarterly instalments from June 2026.

Total row has no printed label; label assigned as descriptor.

Borrowings — Balance sheets - borrowing and lease liability lines (in thousands of $)

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Borrowings — Balance sheets - borrowing and lease liability lines (in thousands of $) from Annual Report 2025/26
Metric / unit 2026The Group2025The Group2026The Company2025The Company Source
Non-current liabilities
Lease liabilitiesthousands of $ 126,16058,36553,23952,689 PDF p. 109
Long-term bank loansthousands of $ 2,3243,217–– PDF p. 109
Current liabilities
Lease liabilitiesthousands of $ 29,59722,14324,62319,809 PDF p. 109
Bank loansthousands of $ 3,0991,474–– PDF p. 109
Definitions & sources

Statement header: BALANCE SHEETS As at 31 March 2026 (in thousands of $)

Borrowings — Note 31 Reconciliation of liabilities from financing activities - Group, year ended 31 March 2026 (in thousands of $)

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Borrowings — Note 31 Reconciliation of liabilities from financing activities - Group, year ended 31 March 2026 (in thousands of $) from Annual Report 2025/26
Metric / unit 2026Group, Long-term lease liabilities2026Group, Lease liabilities (current)2026Group, Long-term bank loan2026Group, Bank loans (current)2026Group, Total Source
FY2026
Balance at 1 April 2025thousands of $ 58,36522,1433,2171,47485,199 PDF p. 166
Proceeds from borrowingsthousands of $ –––1,6821,682 PDF p. 166
Repayment of borrowingsthousands of $ –––(771)(771) PDF p. 166
Repayment of lease liabilitiesthousands of $ –(29,722)––(29,722) PDF p. 166
Balance at 31 March 2026thousands of $ 126,16029,5972,3243,099161,180 PDF p. 166
Definitions & sources

Selected rows only (balances and borrowing/lease cash flows); other movements not extracted.

Borrowings — Note 31 Reconciliation of liabilities from financing activities - Group, year ended 31 March 2025 (in thousands of $)

5 metrics

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Borrowings — Note 31 Reconciliation of liabilities from financing activities - Group, year ended 31 March 2025 (in thousands of $) from Annual Report 2025/26
Metric / unit 2025Group, Long-term lease liabilities2025Group, Lease liabilities (current)2025Group, Long-term bank loan2025Group, Bank loans (current)2025Group, Total Source
FY2025
Balance as at 1 April 2024thousands of $ 80,07725,2222,4392,699110,437 PDF p. 166
Proceeds from borrowingsthousands of $ ––1,619–1,619 PDF p. 166
Repayment of borrowingsthousands of $ –––(1,986)(1,986) PDF p. 166
Repayment of lease liabilitiesthousands of $ –(31,362)––(31,362) PDF p. 166
Balance at 31 March 2025thousands of $ 58,36522,1433,2171,47485,199 PDF p. 166
Definitions & sources

Selected rows only.

Borrowings — Note 34(d) Maturity profile of financial liabilities - The Group 2026 (contractual undiscounted cash flows incl. estimated interest, thousands of $)

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Borrowings — Note 34(d) Maturity profile of financial liabilities - The Group 2026 (contractual undiscounted cash flows incl. estimated interest, thousands of $) from Annual Report 2025/26
Metric / unit 2026The Group, Within 1 year2026The Group, 1-2 years2026The Group, 2-3 years2026The Group, 3-4 years2026The Group, 4-5 years2026The Group, More than 5 years2026The Group, Total Source
The Group 2026
Lease liabilitiesthousands of $ 32,25527,35211,77110,80910,33076,714169,231 PDF p. 178
Revolving credit facilitythousands of $ 2,365–––––2,365 PDF p. 178
Term loanthousands of $ 9382,409––––3,347 PDF p. 178
Definitions & sources

Amounts are contractual undiscounted cash flows, including estimated interest payments.

Borrowings — Note 34(d) Maturity profile of financial liabilities - The Group 2025 (thousands of $)

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Borrowings — Note 34(d) Maturity profile of financial liabilities - The Group 2025 (thousands of $) from Annual Report 2025/26
Metric / unit 2025The Group, Within 1 year2025The Group, 1-2 years2025The Group, 2-3 years2025The Group, 3-4 years2025The Group, 4-5 years2025The Group, More than 5 years2025The Group, Total Source
The Group 2025
Lease liabilitiesthousands of $ 27,02523,5406,0415,6744,94924,59191,820 PDF p. 178
Revolving credit facilitythousands of $ 675–––––675 PDF p. 178
Term loanthousands of $ 1,0429902,509–––4,541 PDF p. 178
Definitions & sources

Amounts are contractual undiscounted cash flows, including estimated interest payments.

Borrowings — Note 34(d) Maturity profile - The Company lease liabilities 2026 (thousands of $)

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Borrowings — Note 34(d) Maturity profile - The Company lease liabilities 2026 (thousands of $) from Annual Report 2025/26
Metric / unit 2026The Company, Within 1 year2026The Company, 1-2 years2026The Company, 2-3 years2026The Company, 3-4 years2026The Company, 4-5 years2026The Company, More than 5 years2026The Company, Total Source
The Company 2026
Lease liabilitiesthousands of $ 26,86322,3987,3956,7956,21115,45185,113 PDF p. 178
Definitions & sources

Undiscounted contractual cash flows. Company has no bank loans.

Borrowings — Note 34(d) Maturity profile - The Company lease liabilities 2025 (thousands of $)

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Borrowings — Note 34(d) Maturity profile - The Company lease liabilities 2025 (thousands of $) from Annual Report 2025/26
Metric / unit 2025The Company, Within 1 year2025The Company, 1-2 years2025The Company, 2-3 years2025The Company, 3-4 years2025The Company, 4-5 years2025The Company, More than 5 years2025The Company, Total Source
The Company 2025
Lease liabilitiesthousands of $ 24,50322,2655,1305,1714,57618,33379,978 PDF p. 178
Definitions & sources

Undiscounted contractual cash flows.

Payout

Dividends & distributions

Dividends declared and proposed

ItemValuePeriod / scopeSource
Interim dividend 2.5 cents per share Group; FY2025/26 PDF p. 190
Interim dividend 2.0 cents per share Group; FY2024/25 comparative PDF p. 85
Final dividend 8.5 cents per share Group; FY2025/26 proposed PDF p. 136
Final dividend 7.0 cents per share Group; FY2024/25 comparative PDF p. 136
Total dividends 11.0 cents per share Group; FY2025/26 PDF p. 190
Total dividends 9.0 cents per share Group; FY2024/25 comparative PDF p. 23

Extracted from Annual Report 2025/26 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
KPMG LLP KPMG LLP Group and Company, year ended 31 March 2026 PDF p. 106
Engagement partner Ong Li Qin Group PDF p. 106

Key audit matters

ItemValuePeriod / scopeSource
Recognition of revenue on customer contracts The input method involves cost and man-hour estimates. Group PDF p. 104

Extracted from Annual Report 2025/26 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual Report 2025/26, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Inspected primary statement pages show the consolidated income statement and consolidated statement of comprehensive income for the Group only. No separate Company income statement or Company statement of comprehensive income appears there.

Source reverse inventory detected and restored two omitted printed Balance Sheets rows; this is an independent v3 completeness repair.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.