KUALA LUMPUR, 25 June 2025 – HI Mobility Berhad (“HI Mobility” or “Company”), an established local and cross-border bus operator in the mass transit sector, today announced its first quarter results for the financial year ending 31 January 2026, underscoring its continued growth momentum, supported by a growing order book.
For the quarter under review, HI Mobility posted a 16.1% quarter-on-quarter growth in profit before tax while profit after tax rose 25.1% reaching RM15.1 million and RM12.6 million respectively. This was on the back of a revenue of RM73.8 million, supported by increase in ridership and strong commuter demand across key routes operated by the Company. Of the RM73.8 million, the scheduled bus services segment, being the core revenue contributor, accounted for 94.5%, with the remaining 5.5% from the chartered bus services and other ancillary services segments, such as the provision of bus repair and maintenance services, as well as advertising space. Geographically, just over half of the revenue was derived from operations in Malaysia, while the rest was from the Singapore market, particularly the Singapore-Johor Bahru cross-border bus services.
As HI Mobility was only listed on the Main Market on 28 March this year, there is no year-on-year comparison available.
Driven by the Company’s continued efforts and sustained business momentum, the unbilled order book expanded substantially to RM303.8 million as of 30 April 2025, up from RM174.6 million in the preceding quarter. This notable increase provides HI Mobility with healthy earnings visibility within the next three years and establishes a strong foundation for business growth.
Commenting on the results, HI Mobility Executive Director and Chief Executive Officer Lim Chern Chuen said, “Our resilient performance this quarter reflects the strength of our recurring business model, underpinned by long-term government contracts and robust demand for public transport, including
cross-border services. The performance is also mirrored by the share price’s appreciation by nearly 20% since our listing, standing in stark contrast to the market’s decline (FBMKLCI), for the same period. While the previous quarter’s performance was boosted by year-end related seasonalities including the Christmas period and school holidays, which created a higher comparison base, our latest results remain commendable and reflect continued stability of our operations.”
He further added, “As the largest private bus operator in Malaysia, HI Mobility continues to lead the sector’s energy transition. Our ongoing investments in EV infrastructure, digital fleet automation and IoT-enabled operations underscore our commitment to environmental goals and future-ready transport. With a strong traction in both Malaysia and Singapore, we remain committed to drive smart mobility through digitalisation, infrastructure investment and green innovation.”
The Board of Directors has declared a single-tier first interim dividend of RM0.01 per share on 500.0 million ordinary shares, amounting to RM5.0 million in respect of the financial year ending 31 January 2026, which shall be paid on 28 July 2025.