SBS Transit Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,517	1,560	1,527	1,515	1,311
Revenue Growth (YoY)	-2.72%	2.13%	0.78%	15.60%	6.49%
Cost of Revenue	1,220	1,274	1,265	1,258	1,078
Gross Profit	296.87	286.09	261.81	257.31	232.97
Other Operating Expenses	146.24	125.76	92.54	83.41	126.22
Operating Expenses	228.75	212.92	185.16	177.4	231.56
Operating Income	68.12	73.17	76.65	79.91	1.4
Interest Expense	-0.6	-0.7	-1.15	-1.47	-1.34
Interest & Investment Income	-	11.07	12.83	4.52	0.29
Other Non Operating Income (Expenses)	6.45	-0.02	-0.36	-	-
EBT Excluding Unusual Items	73.97	83.51	87.97	82.96	0.36
Other Unusual Items	-	-	-	-	52.15
Pretax Income	73.97	83.51	87.97	82.96	52.51
Income Tax Expense	12.77	13.2	18.9	14.94	0.87
Earnings From Continuing Operations	61.19	70.3	69.08	68.02	51.63
Minority Interest in Earnings	0	-	-	-	-
Net Income	61.2	70.3	69.08	68.02	51.63
Net Income to Common	61.2	70.3	69.08	68.02	51.63
Net Income Growth	-12.95%	1.77%	1.55%	31.74%	-34.61%
Shares Outstanding (Basic)	312	312	312	312	312
Shares Outstanding (Diluted)	313	313	312	312	312
Shares Change (YoY)	0.20%	0.24%	0.03%	-	-
EPS (Basic)	0.20	0.23	0.22	0.22	0.17
EPS (Diluted)	0.20	0.22	0.22	0.22	0.17
EPS Growth	-13.12%	1.51%	1.54%	31.73%	-34.61%
Free Cash Flow	104.31	21.5	59.21	171.89	191.24
Free Cash Flow Per Share	0.33	0.07	0.19	0.55	0.61
Dividend Per Share	-	0.203	0.112	0.109	0.082
Dividend Growth	-	81.63%	2.38%	32.93%	30.16%
Gross Margin	19.56%	18.34%	17.14%	16.98%	17.77%
Operating Margin	4.49%	4.69%	5.02%	5.27%	0.11%
Profit Margin	4.03%	4.51%	4.52%	4.49%	3.94%
Free Cash Flow Margin	6.87%	1.38%	3.88%	11.34%	14.59%
EBITDA	150.63	153.8	159.24	161.57	95.72
EBITDA Margin	9.93%	9.86%	10.43%	10.66%	7.30%
D&A For EBITDA	82.51	80.63	82.58	81.66	94.32
EBIT	68.12	73.17	76.65	79.91	1.4
EBIT Margin	4.49%	4.69%	5.02%	5.27%	0.11%
Effective Tax Rate	17.27%	15.81%	21.48%	18.00%	1.66%

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