Skylink Holdings Limited, a leading commercial vehicle leasing company in Singapore, has reported a remarkable 75.3% increase in gross profit for the first half of 2027, reaching S$6.76m. This surge is attributed to a 27.5% rise in revenue across its business segments, including Commercial Vehicle Leasing, Credit, and Engineering services. The company has also declared an interim dividend and anticipates a stronger financial performance for the full year 2027.
The company’s revenue for 1H2027 climbed to S$20.57m, driven by growth in all three key business segments. The Engineering segment saw the most significant increase, with revenue more than doubling to S$4.24m. Skylink’s net profit attributable to shareholders rose by 11.2% to S$2m, reflecting improved operational efficiencies and a 9.0 percentage point expansion in gross profit margin to 32.9%.
Skylink’s robust financial performance is further underscored by its positive net operating cash flows of S$5.74m, supporting its business expansion. The company declared an interim dividend of 0.30 Singapore cents per share, representing approximately 40% of its 1H2027 net profit, up from a 33% payout ratio in FY2026.
Looking ahead, Skylink expects its FY2027 financial results to surpass those of FY2026, supported by organic growth initiatives and potential acquisitions. CEO Wesley Shen highlighted the company’s focus on fleet expansion and service quality improvement, aiming to deepen customer relationships and strengthen its commercial mobility platform.
