Bus Cap Bhd recorded a profit after tax (PAT) of RM2.53 million for the first quarter ended March 31, 2026 (1Q26), underpinned by steady demand for premium semi-high deck buses and disciplined cost management.
In its maiden financial results ahead of its ACE Market listing on June 3, the group’s revenue for the quarter stood at RM19.28 million, with the bus sales segment contributing 99.4% of total turnover, driven primarily by Malaysian market demand.
Growth was anchored by semi-high deck buses, while double-deck and single-deck models, alongside repair and maintenance services, made up the remainder.
Overall, Managing Director Bernard Ng Chong Yan said the group maintained solid margins, supported by efficient operations and a favourable product mix, as it continued to benefit from structural demand from transport operators, travel companies and government agencies.
He emphasised that post-listing proceeds will be deployed to expand production capacity, enhance manufacturing efficiency and support the group’s long-term growth plans.
He shared that as at March 31, 2026, Bus Cap’s financial position strengthened further, with total equity rising to RM26.14 million from RM23.61 million and gearing improving to 0.23 times from 0.28 times, supported by internally generated cash flows.
“Looking ahead, we expects the commercial vehicle industry to remain resilient, driven by fleet replacement cycles and rising mobility demand,” he said.
