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SBS Transit reports earnings of $70.3 mil for FY2024, declares total dividend of 28.68 cents per share for full year

Nicole Lim
Nicole Lim • 2 min read
SBS Transit reports earnings of $70.3 mil for FY2024, declares total dividend of 28.68 cents per share for full year
The public transport operator saw growth in revenue due to higher rail ridership; and revenue from commercial services due to advertisers launching more digital campaigns. Photo: Albert Chua/The Edge Singapore
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SBS Transit has reported earnings of $70.3 million for the FY2024 ended Dec 31, 2024, up 1.8% y-o-y. For the 2HFY2024, earnings came in 6.8% y-o-y higher at $36.6 million. 

The public transport operator declared an earnings per share for FY2024 of 22.52 cents per share, up from the 22.15 cents per share declared in the same period a year ago. 

Group revenue for the FY2024 rose 2.1% y-o-y to $1.56 billion, up from the $1.53 billion reported in the same period a year ago. However, revenue for the 2HFY2024 fell 0.5% y-o-y to $778.4 million. 

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