KUALA LUMPUR, 17 December 2025 – HI Mobility Berhad (“HI Mobility” or “Company”), an established local and cross-border bus operator in the mass transit sector, today announced its third quarter results for the financial year ending 31 January 2026 (“Q3FY2026”).
For the quarter under review, the Company delivered revenue of RM82.2 million, representing a 3.7% increase quarter-on-quarter (“Q-o-Q”). The Q-o-Q growth was primarily driven by the increasing contribution from its scheduled bus services, which grew 3.4% to RM79.7 million, supported by additional routes and buses deployed, notably in Johor. Consistent with the revenue growth, profit after tax (“PAT”) rose 6.5% Q-o-Q to RM14.8 million.
For the cumulative nine-month period, HI Mobility registered a PAT of RM41.3 million on the back of a revenue of RM235.3 million. Having only been listed on the Main Market in March 2025, there is no year-on-year comparable.
With cash and cash equivalents of RM137.5 million and a healthy net gearing ratio of 0.2 times as at 31 October 2025, the Company maintains a stable financial position, providing significant flexibility to pursue future strategic expansion.
The Board of Directors has declared a single-tier third interim dividend of 1.0 sen per share, amounting to RM5.0 million, which shall be paid on 21 January 2026, bringing the total dividend per share and total dividend payout for the financial year ending 31 January 2026 to 3 sen and RM15.0 million respectively.
Commenting on the results, HI Mobility Executive Director and Chief Executive Officer Lim Chern Chuen said, “The consistent and steady growth of our earnings highlight the stability and scalability of our operations. We remain optimistic that our cross-border segment will sustain its strong growth pace. The greater push ahead will largely be driven by the opportunities to tap on fresh demand for first- and last- mile services, arising from forthcoming projects such as the Johor-Singapore Rapid Transit System (RTS). By addressing these gaps, we continue to enhance our value proposition and sustain cross-border route profitability.”
He further added, “We remain committed to execute our strategies in pursuit of our vision of shaping the smart mobility future. Guided by this vision, we are now positioning ourselves within the rapidly emerging EV (electric vehicle) market. Our recent proposed acquisitions of Acacia Motor Services and Handal BCM are poised to create strong operational synergies, enabling us to deliver comprehensive end-to-end solutions across the entire commercial vehicle value chain, including the EV ecosystem.”
As of 31 October 2025, the unbilled order book for contracted services to government bodies and corporations stands at RM190.0 million. The consistent flow of the contract pipeline will continue to ensure sustainable earnings visibility beyond 2027.
About HI Mobility Berhad
HI Mobility Berhad (“HI Mobility” or the “Group”) is principally involved in the provision of bus transportation services, via its wholly owned subsidiary, Handal Indah Sdn Bhd (“Handal Indah”). Operating within the mass transit sector, the Group provides both cross-border and local bus services.
Handal Indah commenced its operations in 2002 as a provider of intracity bus services within Johor Bahru, Johor. In 2003, the Johor Bahru-Singapore cross-border bus services were launched, operating under the brand name ‘Causeway Link’. Since then, the Group has expanded its geographical coverage to include Klang Valley and Malacca. As part of its green mobility initiative for environmental sustainability, the Group has accelerated the electrification of its bus fleet since 2023, including Singapore’s first cross-border electric bus, while strengthening its smart mobility solutions. As of 31 October 2025, the Group owns a fleet of 779 buses, of which 63 are electric buses.
These milestones led to HI Mobility’s listing in March 2025, crystalising its transition into a a smart mobility group, with a commitment to move people and enrich communities through smart, seamless and sustainable mobility that drives shared growth.
Issued by Imej Jiwa Sdn Bhd on behalf of HI Mobility Berhad
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