ComforDelGro’s Q1 revenue rises 19.0% YoY

PATMI rose 16.4% YoY.

ComforDelGro reported a profit after tax and minority interests PATMI) of $48.3m in Q1 2025, rising 16.4% year-on-year (YoY) from $40.6m in Q1 2024.

Revenue for the period rose 19.0% YoY to $1.2b mainly due to new and renewed public transport contracts, efficient Singapore operations, and the acquisition of A2B and Addison Lee.

The acquisition of A2B in the UK and Addison Lee in Australia raised overseas revenue contribution to 52.6% from 43.3% a year ago.

Meanwhile, Singapore revenue declined due to the handover of the Jurong West bus package to a new operator in September 2024.

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