- New vehicle assembly and distribution arm records maiden revenue contribution of RM32.7 million
- Declares a first interim dividend of 1.0 sen per share for FY2027
KUALA LUMPUR, 29 June 2026 – HI Mobility Berhad (“HI Mobility” or “the Group”), an established local and cross-border bus operator in the mass transit sector, today announced its financial results for the first quarter ended 30 April 2026 (“Q1FY2027”).
For the quarter under review, the Group recorded profit before tax (“PBT”) of RM18.9 million and profit after tax (“PAT”) of RM16.3 million, representing year-on-year growth of 7.0% and 13.5% respectively, on the back of an 8.4% rise in revenue to RM111.5 million from RM102.9 million.
The stronger performance was anchored by its core scheduled bus services segment and the higher contribution from the demand in its vehicle distributions segment. The scheduled bus services segment, which is the Group’s largest revenue contributor, recorded revenue of RM75.6 million from RM69.7 million a year earlier, supported by the increase in Stage Bus Service Transformation (“SBST”) contracts secured by the Group and steady ridership across its domestic and cross-border routes, followed by higher units sold by its vehicle assembly and distributions segment which contributed to RM32.7 million of the Group’s revenue. By geographical market, Malaysia contributed RM71.0 million while Singapore accounted for RM40.5 million, with the latter growing 17.3% year-on-year.
Commenting on the financial performance, HI Mobility Executive Director and Chief Executive Officer Lim Chern Chuen said, “Our first quarter results reflect the scale and resilience of our enlarged platform. The integration of Acacia Motor Services Sdn Bhd (“Acacia”) and Handal BCM Sdn Bhd (“Handal BCM”) marks a significant milestone in expanding our presence across the mobility value chain, complementing our core bus operations with new capabilities in vehicle assembly and distribution. Our scheduled bus services continue to perform steadily, supported by the growing number of SBST contracts secured and sustained cross-border and domestic ridership between Malaysia and Singapore.”
He further added, “Looking ahead, we remain well positioned to benefit from the upcoming Johor Bahru–Singapore Rapid Transit System Link, which is expected to drive greater cross-border mobility and demand for first- and last-mile connectivity. As the sole Malaysian operator providing cross-border bus services between Johor and Singapore, we are confident of capturing the opportunities arising from increased commuter traffic, including further SBST opportunities, while continuing to deliver sustainable, long-term value for our shareholders.”
As at 30 April 2026, the Group’s unbilled order book for contracted services stood at approximately RM255.0 million, underpinned by its government and corporate scheduled bus service contracts across Malaysia and Singapore. These multi-year contracts provide a recurring, predictable revenue stream that anchors the Group’s core operations and lends earnings visibility over the coming financial periods, while the enlarged platform following the acquisitions of Acacia and Handal BCM position the Group to broaden its order book across the wider mobility value chain.
The Board of Directors has declared a first interim single-tier dividend of 1.0 sen per share in respect of the financial year ending 31 January 2027, which shall be payable on 3 August 2026.