SINGAPORE: ComfortDelGro has recorded its eighth consecutive quarter of improved financial results, thanks largely to stronger earnings from its international operations and tighter cost management in Singapore.
For the first quarter of 2025, the public transport operator posted an operating profit of S$81.5 million — a 45.5 per cent jump compared to the same period last year.
The company’s revenue has also risen by 16.4 per cent year-on-year to nearly S$1.17 billion.
The company pointed to the renewal of its London bus contract as a key factor behind the strong showing. It reported that new contract terms have led to better profit margins, contributing significantly to overall performance.
Back home, ComfortDelGro said efforts to streamline operations and control costs have started to bear fruit, allowing it to maintain profitability despite a more competitive local transport market.
Notably, overseas operations now account for more than half of the group’s total revenue — a first in the company’s history — underlining the growing importance of its international business in cities such as London, Sydney, and Beijing.