Skylink Holdings has announced a robust financial performance for the year ending 31 March 2026, with a 34.1% increase in revenue, primarily driven by its Commercial Vehicle Leasing and Engineering sectors. Pre-tax operating profit and net profit are up by 64.3% and 61.7% to S$4.7m and S$4.43m, respectively. The company, which completed a reverse takeover of Sincap Group Limited in September 2025, reported a revenue of S$35.36m, up from S$26.37m the previous year.
The Commercial Vehicle Leasing segment saw a 37.8% rise in revenue, attributed to an expanded fleet and longer-term contracts. Meanwhile, the Engineering segment experienced a 54.3% increase, bolstered by new contracts with SBS Transit Ltd. and F&N Foods. Despite a slight 4.5% dip in the Credit segment’s revenue, the company maintained a healthy loan book of S$66.24m.
Gross profit rose by 45.9% to S$9.91m, with margins improving to 28.0%, despite higher depreciation costs due to increased Certificate of Entitlement (COE) prices. Skylink’s net operating cash flow reached S$11.97m, highlighting its cash-generative business model.
The company has proposed a dividend of 0.55 Singapore cents per share, representing over 30% of its net profit, aligning with its commitment to shareholder returns. CEO Wesley Shen noted the company’s strategic positioning to enhance revenue visibility and strengthen its market position as a leading mobility solutions provider in Singapore.
