SBS Transit Income Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,515	1,560	1,527	1,515	1,311	1,231
Revenue Growth (YoY)	-3.68%	2.13%	0.78%	15.60%	6.49%	-14.83%
Cost of Revenue	1,274	1,274	1,265	1,258	1,078	1,042
Gross Profit	240.94	286.09	261.81	257.31	232.97	188.45
Other Operating Expenses	83.58	125.76	92.54	83.41	126.22	106.71
Operating Expenses	170.74	212.92	185.16	177.4	231.56	215.75
Operating Income	70.2	73.17	76.65	79.91	1.4	-27.3
Interest Expense	-0.64	-0.7	-1.15	-1.47	-1.34	-3.25
Interest & Investment Income	7.85	11.07	12.83	4.52	0.29	0.27
Other Non Operating Income (Expenses)	-0.02	-0.02	-0.36	-	-	-
EBT Excluding Unusual Items	77.38	83.51	87.97	82.96	0.36	-30.28
Other Unusual Items	-	-	-	-	52.15	107.29
Pretax Income	77.38	83.51	87.97	82.96	52.51	77.01
Income Tax Expense	13.44	13.2	18.9	14.94	0.87	-1.95
Net Income	63.93	70.3	69.08	68.02	51.63	78.96
Net Income to Common	63.93	70.3	69.08	68.02	51.63	78.96
Net Income Growth	-6.38%	1.77%	1.55%	31.74%	-34.61%	-2.87%
Shares Outstanding (Basic)	313	312	312	312	312	312
Shares Outstanding (Diluted)	313	313	312	312	312	312
Shares Change (YoY)	-	0.24%	0.03%	-	-	0.01%
EPS (Basic)	0.20	0.23	0.22	0.22	0.17	0.25
EPS (Diluted)	0.20	0.22	0.22	0.22	0.17	0.25
EPS Growth	-	1.51%	1.54%	31.73%	-34.61%	-2.88%
Free Cash Flow	-	21.5	59.21	171.89	191.24	132.9
Free Cash Flow Per Share	-	0.07	0.19	0.55	0.61	0.43
Dividend Per Share	0.236	0.203	0.112	0.109	0.082	0.063
Dividend Growth	111.83%	81.63%	2.38%	32.93%	30.16%	-51.72%
Gross Margin	15.91%	18.34%	17.14%	16.98%	17.77%	15.31%
Operating Margin	4.63%	4.69%	5.02%	5.27%	0.11%	-2.22%
Profit Margin	4.22%	4.51%	4.52%	4.49%	3.94%	6.41%
Free Cash Flow Margin	-	1.38%	3.88%	11.34%	14.59%	10.80%
EBITDA	149.36	153.8	159.24	161.57	95.72	68.69
EBITDA Margin	9.86%	9.86%	10.43%	10.66%	7.30%	5.58%
D&A For EBITDA	79.16	80.63	82.58	81.66	94.32	95.99
EBIT	70.2	73.17	76.65	79.91	1.4	-27.3
EBIT Margin	4.63%	4.69%	5.02%	5.27%	0.11%	-2.22%
Effective Tax Rate	17.38%	15.81%	21.48%	18.00%	1.66%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.