In contrast, the company paid a total dividend of 23.1 cents for FY2024, on earnings of $70.3 million.
Due to the loss of the Jurong West bus package, the company's revenue for the full year was down 2.7% to $1.52 billion and operating costs down by a similar magnitude.
SBS Transit warns that bus revenue will drop further with the loss of the Tampines Bus Package this July.
On the other hand, rail operations revenue is expected to grow due to fare adjustment effective from last December and more passengers.
See also: Riverstone Holdings reports lower earnings of RM41.1 mil for 1QFY2026, down 27.1% y-o-y
SBS Transit shares closed at $3.44, up 1.47%, while its parent company ComfortDelGro was down 0.65% to $1.53.
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