KUALA LUMPUR, 29 September 2025 – HI Mobility Berhad (“HI Mobility” or “Company”), an established local and cross-border bus operator in the mass transit sector, today announced its second quarter results for the financial year ending 31 January 2026 (“Q2FY2026”).
HI Mobility recorded a 7.5% quarter-on-quarter (“Q-o-Q”) revenue growth to RM79.3 million in Q2FY2026, underpinned by sustained growth in scheduled bus services (+8.6% Q-o-Q). The uplift was also supported by stronger ridership across the cross-border segment. In tandem with the topline growth, profit after tax (“PAT”) grew 10.1% to RM13.9 million in the quarter.
For the cumulative six months, HI Mobility posted revenue of RM153.0 million, with PAT of RM26.5 million. As HI Mobility was only listed on the Main Market in March 2025, there is no year-on-year comparison available.
The unbilled order book for contracted services to government bodies and corporations stands at RM265.6 million (as of 31 July 2025). This steady pipeline provides solid earnings visibility over the next three years.
Commenting on the results, HI Mobility Executive Director and Chief Executive Officer Lim Chern Chuen remarked, “Our solid performance this quarter reflects the strength of our business model and leading position as Malaysia’s largest cross-border bus operator. We are humbled with the steadfast support of our shareholders, as reflected in the positive trajectory of our share price movement and reinforced belief in our growth journey. On the back of this (second) quarter’s earnings being the highest over the past three quarters since our listing, we are optimistic of FY2026.”
He further added, “HI Mobility also continues to spearhead the industry’s energy transition, in line with Malaysia’s National Transport Policy 2019-2030. Through sustained investments in EV infrastructure, digital fleet automation and IoT-enabled operations, we are strengthening our commitment to Page 2 of 3 sustainability and future-ready transport. With strong presence across Malaysia and Singapore, we are advancing smart mobility through digitalisation, infrastructure development and green innovation – including autonomous and electric bus initiatives, as reflected in our growing fleet of 63 EV buses from 53 EV buses in the previous quarter.”
The Board of Directors has declared a single-tier second interim dividend of 1.0 sen per share, amounting to RM5.0 million, which shall be paid on 30 October 2025, bringing the total dividend per share and dividend payout for the financial year ending 31 January 2026 to 2 sen and RM10.0 million respectively.
About HI Mobility Berhad
HI Mobility Berhad (“HI Mobility”) was incorporated in Malaysia on 12 June 2024 as a private limited company under the name of HI Mobility Sdn Bhd. On 24 October 2024, HI Mobility was converted into a public limited company where it assumed its present name. HI Mobility and its wholly owned subsidiary, Handal Indah Sdn Bhd (“Handal Indah”) (collectively, the “Group”), are principally involved in the provision of bus transportation 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. The Group operates within the mass transit sector, providing both cross-border and local bus services. As part of its initiative to green mobility for environmental sustainability, the Group has gradually deployed electric buses for its operations since 2023. As of 31 July 2025, the Group owns a fleet of 745 buses, of which 63 are electric buses.
Issued by Imej Jiwa Sdn Bhd on behalf of HI Mobility Berhad
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