• FY2026 revenue and PBT surged by 14% and 28%, respectively
• Declared 1 sen dividend in Q4FY2026, bringing the total payout ratio to 35.4%
KUALA LUMPUR, 31 March 2026 – – HI Mobility Berhad (“HI Mobility” or “the Group”), an established
local and cross-border bus operator in the mass transit sector, today announced its financial results for
the fourth quarter (“Q4FY2026”) and full financial year ended 31 January 2026 (“FY2026”).
For the quarter under review, the Group’s revenue rose 9.1% year-on-year (“Y-o-Y”) to RM82.4 million,
anchored by its core scheduled bus services segment, which contributed 96.6% of total turnover. This
growth was primarily driven by higher ridership and increased service frequencies across domestic and
cross-border routes. Profit before tax (“PBT”) grew by 16.2% Y-o-Y, rising to RM15.2 million mainly due
to the growth in revenue and additional interest earned on short-term fund placements.
For the full year, the Group’s revenue climbed 13.5%, Y-o-Y to RM317.7 million, underpinned by a
recovery in travel demand and increased economic activity across Malaysia and Singapore. This was
driven by the core scheduled bus services segment, which saw a 16.6% increase to RM307.4 million,
fuelled by heightened demand for cross-border connectivity. In line with top-line growth and additional
interest earned on short-term fund placements, PBT improved by 28.0% to RM64.6 million.
The Board of Directors has declared a fourth interim single-tier dividend of 1.0 sen per share amounting
to RM5.0 million, which shall be paid on 30 April 2026. In respect of FY2026, HI Mobility has declared a
total dividend of 4.0 sen, amounting to RM20.0 million. This translates to a dividend payout ratio of 35.4%
of its PAT.
Commenting on the financial performance, HI Mobility Executive Director and Chief Executive Officer
Lim Chern Chuen said, “Our full-year results reflect our success in capturing the recovery in regional
travel demand, underscoring the stability and scalability of our core operations and the strength of our
fleet management and digital capabilities. Our cross-border outlook remains positive, with resilient
passenger volumes supported by a stable commuter base, demand uplift from the upcoming RTS Link,
and additional momentum from Visit Malaysia 2026 campaign.”
He further added, “Recent volatility in energy prices is accelerating Malaysia’s decarbonisation efforts
and the structural shift to public transportation by governments locally and regionally. Our investments
in fleet electrification and smart mobility are positioned to capture these opportunities. Our recent
acquisitions of Acacia and Handal BCM are timely, strengthening our capabilities in green technology
and enabling us to seize emerging opportunities in sustainable mobility.”
As of 31 January 2026, the Group’s unbilled order book strengthened to RM360.0 million, significantly
enhancing earnings visibility for government and corporate contracted services beyond 2027, while
ensuring HI Mobility is well-equipped to deliver sustainable performance and long-term value for its
shareholders.