ComfortDelGro posts 19.7% H1 profit decline on weaker P2P earnings

The interim dividend remained at $0.0391 per share.

ComfortDelGro Corporation Limited’s profit after tax and minority interests (PATMI) fell 19.7% year on year (YoY) to $85.1m for the six months (H1) ended 30 June 2026, despite a 5.7% increase in revenue to $2.56b.

The revenue increase was driven mainly by the group’s overseas public transport operations.

Revenue from the public transport segment rose to $1.72b, helped by contractual indexation, renewed bus contracts in London, and new contracts in Victoria, Australia.

The segment accounted for about 67% of group revenue in H1.

Its operating profit increased to $79.7m, mainly due to higher margins from its London bus contracts.

However, stronger public transport earnings were offset by weaker results from the group’s point-to-point businesses.

Operating profit from the taxi and private hire segment fell to $35.5m amidst continued competitive pressure.

The board declared an interim dividend of $0.0391 per share, unchanged from a year earlier.

Based on the current share price, the dividend implies an annualised yield of about 5.8%.

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