Skylink Holdings, a prominent commercial vehicle leasing company in Singapore, has announced a significant 33.8% increase in revenue for the first half of 2026, following its successful reverse takeover (RTO) of Sincap Group Limited. The company’s revenue reached S$16.14m, bolstered by a 52.6% rise in its Commercial Vehicle Leasing segment and an 11.6% increase in its Engineering business.
The Group’s Credit business maintained a healthy loan book of S$66.3m as of 30 September 2025, with its paid-up capital recently increased by S$4m to S$7m. Despite higher depreciation costs due to increased Certificate of Entitlement (COE) prices, Skylink’s gross profit rose by 12.7% in 1H2026.
Executive Director and CEO Wesley Shen highlighted the company’s strategic positioning post-RTO, stating, “Following the milestone of our recent listing, the Group continues to deliver strong business performance that reflects not only the underlying strength and resilience of our business model but also the commitment and dedication of our team to deliver tangible results.”
Skylink’s net operating cash flows amounted to S$5.84m, underscoring the strength of its cash-generative activities. The company aims to leverage its listed status to accelerate growth across its core business segments, focusing on expanding its commercial leasing platform and enhancing its integrated ecosystem of mobility solutions.
Looking forward, Skylink Holdings is committed to scaling its business model to better serve its customers, reinforcing its position as a leading player in Singapore’s commercial vehicle leasing market.
