SBS Transit has revealed its financial results for the year ending 31 December 2025, reporting a 2.7% decrease in group revenue to $1.52b. The decline is attributed to lower bus revenue following the loss of the Jurong West bus package in September 2024. Despite this, the company has proposed a special dividend of 31.99 cents per share, alongside a final dividend of 8.66 cents per share.
The company’s operating costs fell by 2.5% to $1.45b, primarily due to reduced fuel and electricity expenses. However, operating profit dropped by 6.9% to $68.1m, and net profit attributable to shareholders fell by 13% to $61.2m. SBS Transit Group CEO Jeffrey Sim stated, “We remain focused on strengthening our competitive edge in our bus operations as well as in enhancing our rail reliability.”
Public Transport Services, which includes bus and rail operations, saw a 3% revenue decline to $1.45b. This was mainly due to reduced bus revenue, although rail revenue increased due to higher fares and ridership. Average daily ridership on the North East Line and Downtown Line rose by 2.2% and 1.1%, respectively, whilst the Sengkang-Punggol LRT saw a 2.6% decrease.
Looking ahead, SBS Transit anticipates a further decline in bus revenue with the loss of the Tampines Bus Package in July 2026. However, rail revenue is expected to rise due to fare adjustments and increased ridership. The proposed dividends will be subject to approval at the Annual General Meeting on 23 April 2026.
