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The latest update is out from SBS Transit Ltd ( (SG:S61) ).
SBS Transit reported higher ridership and continued network expansion in the first quarter of 2026, with average daily passengers on the North East and Downtown lines rising about 2–3 percent year-on-year and sequentially. The company introduced three new two-car light rail vehicles on the Sengkang West Loop, launched new City Direct and trunk bus services, boosted rooftop solar capacity at its North East Line depot to reach its 10 MWp target far ahead of schedule, and bid for the BC802 Serangoon-Eunos bus package starting in 2027.
Revenue for the quarter grew 4.8% to S$391.8 million, driven by higher bus service fees linked to fuel indexation and annual adjustments, as well as increased rail fares and ridership, while operating costs rose 4.9% on higher fuel, electricity and staff expenses. Operating profit edged up to S$17.8 million and PATMI dipped slightly to S$15.6 million due to lower interest income, with total assets and equity increasing mainly from higher cash balances and retained earnings, underscoring stable financial performance despite cost pressures.
More about SBS Transit Ltd
SBS Transit Ltd is a Singapore-based public transport operator providing rail and bus services, including the North East Line, Downtown Line and light rail networks such as the Sengkang-Punggol LRT. The company focuses on mass transit solutions in Singapore’s urban transport market, expanding capacity and enhancing service reliability through fleet growth and network enhancements.
Average Trading Volume: 278,451
Technical Sentiment Signal: Buy
Current Market Cap: S$1.13B
For an in-depth examination of S61 stock, go to TipRanks’ Overview page.