ACE Market-listed Bus Cap Bhd recorded normalised profit after tax (PAT) of RM5.8 million for 1H26 on revenue of RM46.23 million, as bus manufacturing remained the group’s main earnings engine.
Bus manufacturing contributed RM45.16 million, or 97.7% of first-half revenue, while repair and maintenance services added RM1.07 million. The normalised PAT excludes RM1.2 million in one-off, non-deductible IPO-related expenses.
For 2Q26, revenue rose to RM26.95 million, supported by scheduled deliveries of semi-high deck and single deck buses, while normalised PAT reached RM3.27 million.
Executive Director Bernard Ng Chong Yan said higher delivery volumes and sustained commercial customer demand supported the stronger operating performance, while the group continues to build capabilities in new energy commercial vehicles.
Bus Cap ended June with RM25.93 million in cash and fixed deposits, while RM18.35 million of IPO proceeds remained unutilised, including funds earmarked for a new factory and machinery purchases.
The group also signed an exclusive MOU with BYD Malaysia on Aug 18 to explore a Malaysia-based new energy commercial vehicle platform, including the potential establishment of an electric bus assembly and manufacturing facility in Perak.
Bus Cap remains positive on commercial transport demand, supported by fleet replacement cycles and growing demand for higher-capacity buses in Malaysia and Singapore.
