ComfortDelGro Corporation Limited has announced a robust financial performance for the first half of 2025, with revenue reaching S$2.42 billion, marking a 14.4% increase year-on-year. The company’s profit after tax and minority interests (PATMI) also rose by 11.2% to S$106 million. This growth is largely attributed to the company’s expanding international operations, which now account for more than 50% of total revenue.
The Public Transport segment experienced a 29.6% increase in operating profit, driven by successful contract renewals in London and new bus franchises in Greater Manchester. Meanwhile, the Taxi & Private Hire segment saw a 20.6% rise in operating profit, bolstered by contributions from UK-based Addison Lee and Australia’s A2B, despite challenges in the Singapore and China markets.
Managing Director and Group CEO Cheng Siak Kian highlighted the company’s focus on international growth, stating, “The increase in overseas earnings reflects our focus on pursuing profitable international growth.” He also emphasised the company’s commitment to leveraging technologies such as artificial intelligence and autonomous vehicles to enhance operations.
ComfortDelGro has declared an interim dividend of 3.91 pence per share, representing an 80% payout ratio. The company continues to invest in autonomous vehicle technologies and artificial intelligence to optimise efficiency and improve services globally.
Looking ahead, ComfortDelGro anticipates continued growth in its public transport and private hire segments, with new contracts and tenders in the UK, EU, and Australia. The company remains vigilant in monitoring geopolitical and trade tensions, ensuring strategic execution amidst economic uncertainties.
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