ComfortDelGro’s subsdiary Vicom (SGX:WJP
) has reported net profit attributable to shareholders of $42.5 million in FY2025, ended Dec 31, 2025, after taking into various factors such as interest income, finance costs and taxation.
Revenue came in 40.1% y-o-y higher at $167.4 million for FY2025. The higher revenue was mainly contributed by the On-Board Unit (OBU) installation project.
Vicom mentioned that it installed more than 251,000 OBUs in 2025, which is the highest among four authorised partners.
Meanwhile, operating profit saw a growth of 49.7% y-o-y to $51.8 million.
In view of the financial performance for FY2025, Vicom’s board has proposed a final dividend of 5.30 cents per share.
Together with the interim dividend of 3.10 cents per share, total dividend for FY2025 will be 8.40 cents per share, representing a dividend payout ratio of 70%.
See also: UOI’s core net profit rises 8%, proposes final dividend per share of 19.5 cents for FY2025
In terms of outlook, Vicom expects overall demand for its testing services to decrease in the year ahead as demand for vehicle testing and related work is expected to taper off, following substantial completion of OBU installations in 2025.
“Our new integrated Jalan Papan hub will provide expanded space to increase the operational capacity of our vehicle inspection business while housing emerging and advanced non-vehicle testing services to meet rising industrial demands,” says Sim Wing Yew, Vicom’s CEO.
Shares in Vicom closed 2 cents higher or 1.18% up at $1.72 on Feb 20.
