KUALA LUMPUR: HI Mobility Bhd recored a 25.1% quarter-on-quarter jump in net profit to RM12.6mil on revenue of RM73.76mil in the first financial quarter ended April 30, 2025, as the bus operator experienced an increase in ridership and strong commuter demand.
There were no year-on-year comparative results available for the company, which was listed on the Main Market on March 28 this year.
In a statement, HI Mobility said the scheduled bus services segment, being the core revenue contributor, accounted for 94.5% of its revenue.
The remaining 5.5% was contributed by the chartered bus services and other ancillary services segments, such as the provision of bus repair and maintenance services, as well as advertising space.
The board of directors declared an interim dividend of one sen per share, payable on Jul7, 28, 2025.
“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,” said executive director and CEO Lim Chern Chuen.
“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 added that the company’s unbilled order book expanded substantially to RM303.8mil as of April 30, 2025, from RM174.6mil in the preceding quarter, providing earnings visibility for the next three years.
Published by The Star (26 June 2025). For more details, read the full news coverage here: HI Mobility registers surge in 1Q net profit on as ridership grows (thestar.com.my)