Sats reported a net profit of S$50.7 million for the fourth quarter ended March 31, 2026, up 31% from S$38.7 million a year earlier. Revenue rose 9.8% year on year to S$1.6 billion, while operating profit increased 1% to S$109.4 million, though margins narrowed to 6.7% from 7.3% in the prior year [1, 2, 3, 4].
The Middle East conflict, which escalated in the final month of the quarter, weighed on revenue, costs, operating profit, and associates and joint ventures’ earnings, the company said. A statement added, "The Middle East conflict, which escalated in the final month of the quarter, weighed on revenue, costs, operating profit and associates and joint ventures’ earnings" [1].
For the full fiscal year 2026, Sats recorded revenue between S$6.3 billion and S$6.35 billion, marking about a 9% increase over 2025, while net profit rose 17% to S$285.2 million [1, 4].
Sats’ board proposed a final dividend of S$0.05 per share, up from S$0.035 a year ago, with total dividends for the full year reaching S$0.07 per share, a 40% increase including the interim dividend of S$0.02 [1, 4]. The company set a book closure date for dividend eligibility on July 24, 2026, and scheduled the final dividend payout for August 6, subject to shareholder approval [1].
CEO Kerry Mok said the company may issue special dividends or undertake share buybacks if spare cash remains after ordinary dividends and capital expenditure. He added, "If the company has spare cash after ordinary dividend and capital expenditure, it could issue special dividends or conduct share buyback" [4].
Mok expressed confidence in reaching the company’s fiscal year 2029 targets of S$8 billion in revenue and a 20% EBITDA margin, citing ongoing investments in AI, new geographies, and asset refreshing. He noted, "When you are the market leader, the opportunities knock on your door, and we need to be nimble enough to look at those opportunities to grab them when they are there" [4].
