Singapore Airlines Limited (BKK:SIA19)

Singapore Airlines Income Statement

Financials in millions SGD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	19,718	19,540	19,013	17,775	7,615	3,816
Revenue Growth (YoY)	1.91%	2.77%	6.96%	133.42%	99.55%	-76.11%
Cost of Revenue	13,270	13,292	12,366	11,143	5,391	3,552
Gross Profit	6,448	6,248	6,646	6,632	2,224	264.1
Selling, General & Admin	836.6	830.5	809	814.4	238.7	-1
Amortization of Goodwill & Intangibles	74.9	72.8	76.2	75.6	72	65.8
Other Operating Expenses	1,373	1,293	895	1,018	595.9	631.9
Operating Expenses	4,681	4,504	3,890	3,913	2,834	2,773
Operating Income	1,767	1,744	2,757	2,719	-610.7	-2,509
Interest Expense	-371.3	-389.9	-418.1	-416.2	-386.8	-264.7
Interest & Investment Income	389.2	494.1	631.7	416.6	49.9	43.8
Earnings From Equity Investments	-361.7	57.2	73.7	-31.2	-116.1	-112.8
Currency Exchange Gain (Loss)	-34.4	-34.4	-28.6	-26.4	1	10.6
Other Non Operating Income (Expenses)	-18.6	10.3	-10.2	-73.1	-49.5	-38.4
EBT Excluding Unusual Items	1,370	1,881	3,005	2,588	-1,112	-2,870
Merger & Restructuring Charges	-0.1	0.1	0.6	1.3	0.5	-44.7
Impairment of Goodwill	-	-	-	-14	-	-170.4
Gain (Loss) on Sale of Investments	1,098	1,098	4.7	-0.1	-9.8	-26.5
Gain (Loss) on Sale of Assets	-8.1	-14	65.6	2.5	90.4	-36.7
Asset Writedown	-	-	-13.5	58.9	-58.9	-1,785
Other Unusual Items	-	-	-25.4	-	-	-24.3
Pretax Income	2,460	2,965	3,037	2,637	-1,090	-4,957
Income Tax Expense	147.7	152.6	342	473.5	-141.9	-673.8
Earnings From Continuing Operations	2,312	2,812	2,695	2,163	-948.1	-4,283
Minority Interest in Earnings	-37.6	-34.2	-20.3	-6.5	-13.9	12.7
Net Income	2,275	2,778	2,675	2,157	-962	-4,271
Net Income to Common	2,275	2,778	2,675	2,157	-962	-4,271
Net Income Growth	15.12%	3.86%	24.02%	-	-	-
Shares Outstanding (Basic)	2,999	3,110	4,228	6,054	5,945	3,695
Shares Outstanding (Diluted)	3,117	3,286	4,395	6,212	5,945	3,695
Shares Change (YoY)	-15.82%	-25.22%	-29.26%	4.50%	60.91%	211.87%
EPS (Basic)	0.76	0.89	0.63	0.36	-0.16	-1.16
EPS (Diluted)	0.74	0.85	0.61	0.35	-0.16	-1.16
EPS Growth	36.55%	38.84%	74.97%	-	-	-
Free Cash Flow	2,587	2,940	3,811	7,525	-7.2	-5,988
Free Cash Flow Per Share	0.83	0.90	0.87	1.21	-0.00	-1.62
Dividend Per Share	0.350	0.400	0.480	0.380	-	-
Dividend Growth	-27.08%	-16.67%	26.32%	-	-	-
Gross Margin	32.70%	31.97%	34.96%	37.31%	29.20%	6.92%
Operating Margin	8.96%	8.92%	14.50%	15.29%	-8.02%	-65.74%
Profit Margin	11.54%	14.22%	14.07%	12.13%	-12.63%	-111.92%
Free Cash Flow Margin	13.12%	15.04%	20.04%	42.33%	-0.10%	-156.92%
EBITDA	3,383	3,519	4,319	4,209	853.4	-791.3
EBITDA Margin	17.16%	18.01%	22.72%	23.68%	11.21%	-20.74%
D&A For EBITDA	1,616	1,776	1,563	1,491	1,464	1,717
EBIT	1,767	1,744	2,757	2,719	-610.7	-2,509
EBIT Margin	8.96%	8.92%	14.50%	15.29%	-8.02%	-65.74%
Effective Tax Rate	6.00%	5.15%	11.26%	17.96%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.