TravelSky Technology FY2025 Net Profit Rises 12.9% to RMB2.34 Billion; Final Dividend of RMB0.276 Proposed

Bulletin Express
03/27

TravelSky Technology reported FY2025 audited results with net profit attributable to shareholders up 12.9% year on year (YoY) to RMB2.34 billion, while total revenue slipped 0.6% to RMB8.77 billion. Basic and diluted earnings per share reached RMB0.80.

Operating profit advanced 12.7% to RMB2.71 billion as total operating costs fell 1.9% to RMB6.33 billion. Cost efficiencies stemmed from a 27.6% reduction in depreciation and amortisation, a 14.4% drop in hardware‐ and software-related costs for airport digitalisation projects, and continued negative financial expenses of RMB104.98 million.

Segment trends diverged. Aviation Information Platform Services grew 2.0% to RMB4.62 billion, contributing 52.7% of total revenue, supported by a 4.9% increase in domestic passenger processing to 767.0 million. Accounting, Settlement and Clearing Services expanded 8.4% to RMB875.46 million, underpinned by a 3.5% rise in processed transactions to 1.31 billion. Aviation Travel Intelligent Products and Services climbed 18.8% to RMB1.11 billion amid higher IT demand, while Airport Digitalisation Services contracted 20.8% to RMB1.50 billion as fewer projects reached completion. Information Network and Digital Infrastructure Services were broadly stable at RMB659.88 million.

TravelSky Technology closed the year with cash and cash equivalents of RMB10.02 billion and total borrowings of RMB1.76 billion, resulting in a gearing ratio of 25.8% (2024: 22.9%). Net cash generated from operations reached RMB2.92 billion. Capital expenditure totalled RMB901.30 million, and outstanding commitments stood at RMB1.77 billion, earmarked for system upgrades, daily operations and the China Mobile Equity Fund investment.

The Board recommends a final cash dividend of RMB0.276 per share (tax inclusive), equivalent to an aggregate payout of RMB807.63 million, subject to approval at the forthcoming AGM.

For 2026, management targets breakthroughs in core passenger service systems, deeper penetration of airport digital solutions, expansion into low-altitude economy initiatives and overseas markets, alongside continued emphasis on safety, lean management and digital transformation.

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