Revenue grew to S$2.56 billion, a 5.7% year-on-year increase, supported by continued growth in theGroup’s international Public Transport portfolio.
• PATMI was S$85.1 million; Public Transport segment operating profit rose, backed by long-termcontracts and improved margins from renewed London bus contracts, offset by continued earningspressure in the point-to-point business.
• Interim dividend maintained at 3.91 cents per share, underpinned by strong operating cash flows and a growing base of contracted and recurring earnings; annualised yield of approximately 6.2%.
Revenue in the Public Transport segment increased to S$1.72 billion from S$1.57 billion, supported by contractual indexation, renewed bus contracts in London, and new Victoria contracts in Australia. Public
Transport accounted for approximately 67% of Group revenue in 1H2026, strengthening its long-term andrecurring earnings base. Operating profit for the segment rose to S$79.7 million from S$76.5 million in thecorresponding period last year, driven by improved margins from London bus contracts.
With an expanding portfolio of contracted transport services across Singapore, the UK and Europe, and
Australia, Public Transport continues to provide resilient earnings for the Group. More than 97% of the
Group’s Public Transport contracts have tenures of over five years and with over a third of them extendingbeyond 10 years, providing long-term visibility over future revenue and cashflow. Supported by proven operating capabilities, the Group continues to pursue selective opportunities to expand its portfolio of
contracted earnings across existing and new markets.


















