ComfortDelGro Corporation Ltd has announced a 5.7% increase in revenue for the first half of 2026, reaching S$2.56b, primarily driven by its international public transport operations. Despite this growth, the Group’s Profit After Tax and Minority Interests (PATMI) fell by 19.7% to S$85.1m due to ongoing challenges in the point-to-point business.
The public transport segment saw revenue rise to S$1.72b, supported by renewed bus contracts in London and new contracts in Victoria, Australia. This segment now accounts for approximately 67% of the Group’s revenue, bolstered by long-term contracts that provide stability and predictability. Managing Director and Group CEO Cheng Siak Kian highlighted the importance of expanding the Group’s base of contracted earnings and repositioning its point-to-point business towards premium and enterprise mobility.
The Group is also investing in autonomous vehicle capabilities, with Zig Driverless commencing public rides in Singapore. This initiative is part of ComfortDelGro’s strategy to transition 10% of its global point-to-point fleet to autonomous vehicles by 2030.
The Board has maintained an interim dividend of 3.91 cents per share, reflecting confidence in the Group’s long-term strategy. Chairman Mark Greaves emphasised the Group’s strategic direction and its commitment to delivering sustainable value for shareholders.
Looking ahead, ComfortDelGro plans to continue expanding its public transport portfolio and enhancing its point-to-point offerings, whilst monitoring geopolitical and trade tensions that may impact foreign exchange and interest rates.
