ComfortDelGro has reported record revenue of $5.06 billion for the FY2025 ended Dec 31, 2025, 13% higher y-o-y. This also marks the first time the group’s topline has crossed the $5 million mark. Earnings also rose by 9.4% y-o-y to $230.3 million.
The revenue growth was due to the contract renewals for CDG’s London public transport arm at improved margins, the inspection and testing on-board unit (OBU) installations for the Electronic Road Pricing (ERP) 2.0 project, contributions from Addison Lee, as well as the net gain on disposal from the sale of depots in Victoria as part of the terms of the new 10-year zero emission bus franchise contracts.
Overseas revenue, which crossed the 50% threshold in the 1HFY2025, now accounts for 55.35 of total revenue, up from 49.1% in FY2024. Overseas operating profit contribution also rose to 44.7% up from last year’s 34.9%.
In Singapore, revenue fell to $2.26 billion from $2.28 billion mainly due to the smaller fleet of taxis and private hire vehicles, as well as the loss of the Jurong West bus package.
The board has proposed a final dividend of 4.59 cents per share, bringing its total dividend for FY2025 to 8.5 cents per share, or 80% of its patmi.
“Crossing the $5 billion revenue mark is a defining milestone in ComfortDelGro’s journey,” says managing director and group CEO Cheng Siak Kian.
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“Our FY2025 earnings growth reflects the strong operational discipline across all our business segments and the focused execution of our international growth strategy,” he adds, noting the “strong momentum” in the group’s public transport business with new international bus and rail contracts and growth in its premium and business to business segments with its point-to-point network expertise.
In addition, the group is looking to advance its capabilities in smart and sustainable mobility in response to the intense industry competition.
“Leveraging insights from our AV deployment in China and Singapore, we are developing a scalable global AV ecosystem for future large-scale deployment,” says Cheng. “At the same time, we will accelerate responsible AI adoption to enhance customer experience and ensure operational efficiencies. These future-ready capabilities will help sharpen our competitive edge and position us to lead the next phase of mobility.”
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Chairman Mark Greaves notes that the group has “significantly strengthened” its two core pillars of earnings contribution, which is the public transport and point-to-point businesses, which has boosted its portfolio resilience.
Shares in ComfortDelGro closed 2 cents higher or 1.31% up at $1.55 on Feb 27.
