In 1HFY2025, CDG’s earnings increased by 11.2% y-o-y to $106 million. The group proposed a one-tier dividend of 3.91 cents per share, representing a payout ratio of 80%, and an improvement from 3.52 cents paid in the same period last year.
The earnings profile of ComfortDelGro (CDG) has undergone a gradual but significant change. What was once primarily a local transport operator, the group now generates more than half its revenue from overseas operations instead.
For 1HFY2025 ended June 30, CDG’s revenue rose by 14.4% y-o-y to $2.42 billion. About 54.3% of this comprised overseas contributions of $1.32 billion, versus CDG’s Singapore revenue of $1.11 billion. The growth in overseas revenue is attributed mainly to the acquisition of the UK’s Addison Lee in 4Q2024 and the Metroline Manchester contracts, also in the UK, which commenced in 1Q2025.
