SBS Transit Ltd (S61) told shareholders at its Apr, 23 2026 annual general meeting that profit after tax for the financial year ended Dec, 31 2025 fell 13.0% year on year to 61.2 million Singapore dollars.

Revenue slipped 2.7% to 1.52 billion Singapore dollars, weighed down mainly by the expiry of the Jurong West bus package, while operating costs declined 2.5% to 1.45 billion Singapore dollars on lower fuel and electricity expenses. Operating profit eased 6.9% to 68.1 million Singapore dollars and profit before tax dropped 11.4% to 74.0 million Singapore dollars. EBITDA was 150.6 million Singapore dollars, down 6.0%.

The board approved a tax-exempt one-tier final dividend of 8.66 Singapore cents per share and a special dividend of 31.99 Singapore cents per share, both payable on May, 11 2026 to shareholders on record as of May, 4 2026. Including the interim dividend of 8.95 cents already paid, the total FY2025 payout will be 49.60 cents, representing a 253% payout ratio. Excluding the special dividend, the ratio stands at 90%.

All 11 resolutions at the AGM were passed. Shareholders re-elected Chairman Bob Tan Beng Hai, Group CEO Jeffrey Sim Vee Ming and Director Dr Christina Lim Yui Hung, while Director Lee Sok Koon retired from the board. Tan Ai Ching (Eleana) was re-elected after having been appointed since the last AGM. Directors’ fees of up to 0.99 million Singapore dollars for FY2026 were approved, Ernst & Young LLP was re-appointed as auditor, the authority to issue shares under the executive share scheme was renewed, and the share buyback mandate was refreshed.

Management told investors that service quality, operational efficiency and productivity remain pivotal amid structurally competitive conditions set by the Land Transport Authority. The company’s public bus market share is currently about 57% and is expected to fluctuate over time.