SBS Transit has announced a 5.3% increase in revenue for the first half of 2026 (H1), reaching $785.6m, compared to $745.9m in the same period last year. However, the company experienced a 5.5% decline in profit after taxation, totalling $29.4m, down from $31.1m in H1 2025.
The increase in revenue was driven by higher operational activities, but rising costs in fuel, electricity, and maintenance impacted overall profitability. Fuel and electricity costs surged by 36.5% to $138m, whilst repairs and maintenance costs rose by 6.4% to $94.7m. Despite these challenges, SBS Transit managed to keep staff costs relatively stable, with a modest increase of 2.4%.
Operating profit remained almost unchanged, with a slight decrease of 0.3%, totalling $34m. Interest income saw a significant drop of 57.3%, contributing to a 6% decrease in profit before taxation, which stood at $35.5m.
The company’s financial position showed a decrease in total assets to $992.8m from $1,093m at the end of 2025. This was partly due to a reduction in cash and cash equivalents, which fell to $310.1mfrom $384.3m.
Looking ahead, SBS Transit will need to address the rising operational costs to maintain profitability. The company has also declared a dividend payment of $127.1 million, reflecting its commitment to returning value to shareholders despite the challenging financial landscape.
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