YTD Sep’26 Financial Highlights
• Revenue of $3.94b
– Up 4.9%, supported by contracted Public Transport operations
– Overseas contribution increased to 56.7%
• PATMI of $141.1m
– Supported by a healthy balance sheet and recurring operating cash flows
– Well positioned to build future capabilities
– Taxi / PHV continues transformation amidst industry-wide structural challenges
3Q2026 Key Business Updates
Public Transport ● Growing contracted portfolio
• Secured Copenhagen Metro contract with RATP Dev; 12-year tenure + 3-year extension option, commencing Sep’27
• 7-year NSW TrainLink regional coach contracts in Australia commenced from Jul’26
• Metroline London bus contract margins continued to improve
• Pre-operations phase of new Jurong Regional Line ongoing, full operations will commence in 2028
• UK regional bus franchise tenders ongoing, participating in further international tenders
Taxi / PHV ● Transformation continues
• Addison Lee’s fully integrated network expanded from 39 to 45 locations across 10 countries
• Singapore investing in PHV fleet and expanding partnerships
• >$10m investment to expand and refresh PHV fleet
• Expanded Gojek partnership, enabling bookings to be fulfilled through Zig’s taxi network
• Partner fleet continued to grow, increasing supply in our platform
• A2B network reduced in line with declining Australia taxi industry, impacted by economic pressures and competition from ride hail platforms
Other Private Transport ● Expanding customer network
• CMAC awarded national Transport for Wales contract to manage taxi and private-hire bookings, and Vueling contract for disruption management
Other Recent Developments
• Acquired remaining stakes in Energy business, expanding beyond EV charging into integrated energy management
• Zig Driverless public rides commenced in Punggol, the Group’s second autonomous service following Guangzhou
• Completed 10,000 public autonomous shuttle rides in Punggol, moving toward on-demand bookings
• 99% of ~900 riders surveyed by LTA reported feeling safe and would recommend the ride.
Today, XD. Dividend will be credited to your bank account on 31 August. Cash rich.
She is rising up to test 1.41. Nice.
14 August 2026:
Revenue grew to S$2.56 billion, a 5.7% year-on-year increase, supported by continued growth in theGroup’s international Public Transport portfolio.
• PATMI was S$85.1 million; Public Transport segment operating profit rose, backed by long-termcontracts and improved margins from renewed London bus contracts, offset by continued earningspressure in the point-to-point business.
• Interim dividend maintained at 3.91 cents per share, underpinned by strong operating cash flows and a growing base of contracted and recurring earnings; annualised yield of approximately 6.2%.
Revenue in the Public Transport segment increased to S$1.72 billion from S$1.57 billion, supported by contractual indexation, renewed bus contracts in London, and new Victoria contracts in Australia. Public
Transport accounted for approximately 67% of Group revenue in 1H2026, strengthening its long-term andrecurring earnings base. Operating profit for the segment rose to S$79.7 million from S$76.5 million in thecorresponding period last year, driven by improved margins from London bus contracts.
With an expanding portfolio of contracted transport services across Singapore, the UK and Europe, and
Australia, Public Transport continues to provide resilient earnings for the Group. More than 97% of the
Group’s Public Transport contracts have tenures of over five years and with over a third of them extendingbeyond 10 years, providing long-term visibility over future revenue and cashflow. Supported by proven operating capabilities, the Group continues to pursue selective opportunities to expand its portfolio of
contracted earnings across existing and new markets.
Comments