According to the group, the higher bottomline was driven by its UK public transport arm, as its Metroline London bus contract margins continued to improve. The increase in patmi was also attributed to the acquisition of London black taxi provider, Addison Lee, in November 2024, as well as the net gain on disposal from the sale of its depots in Victoria. The sale was part of the terms of the new 10-year zero emission bus franchise contracts and proceeds were redeployed to acquire the incumbent operator to service the increased network as part of the contracts.
ComfortDelGro has reported a patmi of $70.4 million for the 3QFY2025 ended Sept 30, 22.4% higher y-o-y.
Revenue rose by 12.9% y-o-y to $1.3 billion as revenues rose largely across the board. Patmi margin increased to 5.3% from 4.9% in the same quarter the year before.
