SBS Transit net profits dips 6.2% in Q1 2025

The group reported a revenue of $373.81m.

SBS Transit reported a profit after tax of $38.37m in the first quarter of 2025, a dip of 6.2% compared to the same period last year.

The group attributed the loss to lower interest income and higher tax expenses.

Revenue fell to $373.81m from $392.09m in Q1. Public Transport Services revenues fell to $19.49m due to lower service fee for bus resulting from the loss of the Jurong West Package from September 2024, partially offset by higher rail fare revenue. Other Commercial Services, however, increased to $1.21m due mainly to higher advertising revenue.

SBS Transit previously reported an increase in its full-year net profit attributable to shareholders of 1.8% YoY to $70.3m for FY2024.