SBS Transit has announced its financial results for the first half of 2025, revealing a 1.8% rise in profit attributable to shareholders, totalling $70.3m. Despite a slight dip in revenue, which decreased by 0.6% to $778.4m, the company managed to maintain profitability through strategic cost management.
The company’s operating profit saw a slight decline of 4.5%, reaching $73.2m, compared to the previous year. This was largely due to a reduction in fuel and electricity costs, which fell by 6.9% to $262.1m, and a decrease in depreciation expenses by 5.9% to $87.2 million. However, other operating costs increased significantly by 35.9%, amounting to $125.8m.
SBS Transit also reported a decrease in finance costs by 52.1%, which contributed to a profit before taxation of $83.5m, down 5.1% from the previous year. The tax expense was reduced by 30.1%, resulting in a net profit increase.
The company’s financial position remains robust, with total assets slightly decreasing to $1.16b. Current liabilities also saw a reduction, standing at $370.4m, whilst total equity increased to $719.5m.
Looking ahead, SBS Transit remains focused on enhancing operational efficiency and exploring new growth opportunities. The company continues to prioritise sustainable practices and cost-effective strategies to navigate the evolving market landscape.
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