The latest announcement is out from Kelsian Group Limited ( (AU:KLS) ).
Kelsian Group Limited announced that Transport for New South Wales has entered direct negotiations with its subsidiary, Transit Systems West Pty Ltd, for a new short-term contract to operate Sydney Region 6 bus services. This contract, if successful, will continue Kelsian’s operations in the region beyond June 2026, with an expected annual revenue of $219 million. If negotiations fail, a competitive tender process will be initiated. This development underscores Kelsian’s strong operational performance and its strategic positioning in the public transport sector.
More about Kelsian Group Limited
Kelsian Group Limited is Australia’s largest integrated multi-modal transport provider and tourism operator, with operations in Australia, Singapore, USA, and the Channel Islands. The company focuses on delivering safe and intelligent transport solutions to enhance sustainability and liveability in communities. Kelsian is a leader in sustainable public transport, operating Australia’s largest zero emission bus fleet and electrified bus depot, and employs over 12,600 people.
YTD Price Performance: -22.97%
Average Trading Volume: 815,006
Technical Sentiment Signal: Buy
Current Market Cap: A$742.9M
For a thorough assessment of KLS stock, go to TipRanks’ Stock Analysis page.