HI Mobility Bhd posted a 6.7% increase in profit after tax (PAT) to RM33.4 million for the first half ended July 31, 2026 (1H27), from RM31.3 million a year earlier, supported by stronger scheduled bus services.
Revenue for 1H27 stood at RM230.9 million, with the scheduled bus services segment remaining the group’s largest contributor. Segment revenue rose 6.4% to RM157.7 million, driven by higher contributions from stage bus service transformation contracts and steady domestic and cross-border ridership.
Malaysia contributed RM159.8 million of first-half revenue, while Singapore accounted for RM71.1 million.
For the second quarter, group revenue declined 4.2% to RM119.34 million from RM124.52 million a year earlier, mainly due to higher inter-segment eliminations arising from the internal supply of buses to its scheduled bus services operations.
Despite the lower quarterly revenue, PAT edged up to RM17.1 million from RM16.95 million previously.
Executive Director and Chief Executive Officer Lim Chern Chuen said the group’s first-half performance reflected resilient scheduled bus operations, supported by steady ridership and a growing number of SBST contracts.
HI Mobility also sees opportunities from the upcoming RTS Link to strengthen first- and last-mile connectivity between Johor and Singapore.
As at July 31, the group’s unbilled order book stood at about RM211 million, backed by government and corporate scheduled bus service contracts across Malaysia and Singapore.
The board declared a second interim dividend of one sen per share, amounting to about RM5.3 million and payable on Nov 3. Total dividends declared for FY27 now stand at two sen per share, or RM10.7 million, representing a 32% payout ratio based on first-half PAT.
