Link: https://links.sgx.com/1.0.0/corporate-announcements/EZZWL1PHFXJGRD70/1d4483eba3a01ef660a4e5562075cade6d55fa5170393ab335043d933ca72764

Summary:

• Changi Airport Group (CAG) reported a strong financial performance for the financial year 2024/25, with total revenue growing by 13% to S$3,071 million and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) increasing by 22% year-on-year to S$1,466 million.
• This robust growth was largely driven by a significant surge in air travel, with passenger movements rising by 9% year-on-year to a record 68.4 million and aircraft movements increasing by 8% to 371,000.
• The Group achieved a substantial increase in net profit attributable to the shareholder, reaching S$841 million, reflecting the strong operational recovery.
• CAG continued to invest strategically, deploying nearly S$1 billion into refreshing and expanding airport facilities and advancing the development of Changi East, while prudently managing operating expenses which rose by only 5%.
• Moving forward, CAG will prioritize enhancing operational capabilities and efficiency, fostering stronger collaboration with aviation partners, and maintaining prudent financial management to support ongoing investments amidst global economic uncertainties.