SBS Transit Ltd (SGX:S61)

SBS Transit Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,535	1,517	1,560	1,527	1,515	1,311
Revenue Growth	-0.40%	-2.72%	2.13%	0.78%	15.60%	6.49%
Gross Profit Gross Profit Growth	314.84	296.87	286.09	261.81	257.31	232.97
Operating Income Operating Income Growth	68.63	68.12	73.17	76.65	79.91	1.4
Net Income Net Income Growth	60.85	61.2	70.3	69.08	68.02	51.63
Earnings Per Share EPS Growth	0.19	0.20	0.22	0.22	0.22	0.17
EPS Growth	-	-13.12%	1.51%	1.54%	31.73%	-34.61%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Other Commercial Services Other Commercial Services Growth	62.8	59.75	56.86	50.32	45.51
Public Transport Services Public Transport Services Growth	1,455	1,500	1,470	1,465	1,265
Total Total Growth	1,517	1,560	1,527	1,515	1,311

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	476.42	384.32	384.99	371.97	345.3	204.03
Total Debt Total Debt Growth	-	11.74	17.71	19.31	79.12	91.61
Net Cash (Debt) Net Cash Growth	476.42	372.58	367.28	352.66	266.18	112.42
Net Cash Growth	23.60%	1.44%	4.15%	32.49%	136.77%	-
Net Cash Per Share Net Cash Per Share Growth	1.52	1.19	1.17	1.13	0.85	0.36

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-	128.58	41.85	74.87	182.57	224.34
Capital Expenditures CapEx Growth	-	-24.27	-20.35	-15.66	-10.68	-33.1
Free Cash Flow Free Cash Flow Growth	-	104.31	21.5	59.21	171.89	191.24
Free Cash Flow Growth	-	385.21%	-63.69%	-65.55%	-10.12%	43.90%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	20.51%	19.56%	18.34%	17.14%	16.98%	17.77%
Operating Margin	4.47%	4.49%	4.69%	5.02%	5.27%	0.11%
Pretax Margin	4.79%	4.87%	5.35%	5.76%	5.47%	4.01%
Profit Margin	3.96%	4.03%	4.51%	4.52%	4.49%	3.94%
FCF Margin	-	6.87%	1.38%	3.88%	11.34%	14.59%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.496	0.176	0.203	0.112	0.109	0.082
Dividend Per Share Growth	72.94%	-13.12%	81.63%	2.38%	32.93%	30.16%
Dividend Yield	13.70%	6.10%	10.27%	5.41%	5.70%	3.85%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	18.60	16.35	10.83	12.06	11.83	17.82
Forward PE	-	12.05	12.05	12.05	12.00	14.52
P/FCF Ratio	10.87	9.59	35.41	14.07	4.68	4.81
PS Ratio	0.74	0.66	0.49	0.55	0.53	0.70

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 7, 2026

Data Sources Report a data error