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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Revenue	1,524	1,560	1,527	1,515	1,311	1,231	Upgrade
Revenue Growth (YoY)	-2.55%	2.13%	0.78%	15.60%	6.49%	-14.83%	Upgrade
Cost of Revenue	1,221	1,274	1,265	1,258	1,078	1,042	Upgrade
Gross Profit	303.57	286.09	261.81	257.31	232.97	188.45	Upgrade
Other Operating Expenses	145.37	125.76	92.54	83.41	126.22	106.71	Upgrade
Operating Expenses	231	212.92	185.16	177.4	231.56	215.75	Upgrade
Operating Income	72.57	73.17	76.65	79.91	1.4	-27.3	Upgrade
Interest Expense	-0.7	-0.7	-1.15	-1.47	-1.34	-3.25	Upgrade
Interest & Investment Income	9.24	11.07	12.83	4.52	0.29	0.27	Upgrade
Other Non Operating Income (Expenses)	-0.02	-0.02	-0.36	-	-	-	Upgrade
EBT Excluding Unusual Items	81.09	83.51	87.97	82.96	0.36	-30.28	Upgrade
Other Unusual Items	-	-	-	-	52.15	107.29	Upgrade
Pretax Income	81.09	83.51	87.97	82.96	52.51	77.01	Upgrade
Income Tax Expense	13.39	13.2	18.9	14.94	0.87	-1.95	Upgrade
Net Income	67.7	70.3	69.08	68.02	51.63	78.96	Upgrade
Net Income to Common	67.7	70.3	69.08	68.02	51.63	78.96	Upgrade
Net Income Growth	-0.43%	1.77%	1.55%	31.74%	-34.61%	-2.87%	Upgrade
Shares Outstanding (Basic)	312	312	312	312	312	312	Upgrade
Shares Outstanding (Diluted)	313	313	312	312	312	312	Upgrade
Shares Change (YoY)	0.27%	0.24%	0.03%	-	-	0.01%	Upgrade
EPS (Basic)	0.22	0.23	0.22	0.22	0.17	0.25	Upgrade
EPS (Diluted)	0.22	0.22	0.22	0.22	0.17	0.25	Upgrade
EPS Growth	-0.73%	1.51%	1.54%	31.73%	-34.61%	-2.88%	Upgrade
Free Cash Flow	74.38	21.5	59.21	171.89	191.24	132.9	Upgrade
Free Cash Flow Per Share	0.24	0.07	0.19	0.55	0.61	0.43	Upgrade
Dividend Per Share	0.236	0.203	0.112	0.109	0.082	0.063	Upgrade
Dividend Growth	111.83%	81.63%	2.38%	32.93%	30.16%	-51.72%	Upgrade
Gross Margin	19.92%	18.34%	17.14%	16.98%	17.77%	15.31%	Upgrade
Operating Margin	4.76%	4.69%	5.02%	5.27%	0.11%	-2.22%	Upgrade
Profit Margin	4.44%	4.51%	4.52%	4.49%	3.94%	6.41%	Upgrade
Free Cash Flow Margin	4.88%	1.38%	3.88%	11.34%	14.59%	10.80%	Upgrade
EBITDA	151.67	153.8	159.24	161.57	95.72	68.69	Upgrade
EBITDA Margin	9.95%	9.86%	10.43%	10.66%	7.30%	5.58%	Upgrade
D&A For EBITDA	79.1	80.63	82.58	81.66	94.32	95.99	Upgrade
EBIT	72.57	73.17	76.65	79.91	1.4	-27.3	Upgrade
EBIT Margin	4.76%	4.69%	5.02%	5.27%	0.11%	-2.22%	Upgrade
Effective Tax Rate	16.52%	15.81%	21.48%	18.00%	1.66%	-	Upgrade

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