Media Release
VICOM'S RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2025- Revenue for the first six months increased 24.1% to $69.8 million.
- Group operating profit increased by 12.3% to $18.9 million.
- Net profit attributable to Shareholders increased by 10.2% to $15.6 million.
- An interim dividend of 3.10 cents has been declared.
Singapore, 11 August 2025 - VICOM Ltd today announced its unaudited results for the half year ended 30 June 2025.
Highlights:
1H2025 ($m) | 1H2024 ($m) | % change | |
Revenue | 69.8 | 56.3 | 24.1 |
Operating Profit | 18.9 | 16.8 | 12.3 |
Net Profit Attributable to Shareholders | 15.6 | 14.1 | 10.2 |
EBITDA | 23.1 | 21.1 | 9.7 |
EPS - cents | 4.39 | 3.98 | 10.2 |
Financial Performance:
Group revenue rose by $13.5 million or 24.1% to $69.8 million and its operating profit saw a growth of $2.1 million or 12.3%, reaching $18.9 million for the half year ended 30 June 2025.
After factoring interest income less finance costs and taxation, net profit attributable to shareholders increased by $1.5 million or 10.2% to $15.6 million.
VICOM Ltd
385 Sin Ming Drive, Singapore 575718 https://www.vicom.com.sg Co. Registration No.: 198100320KVICOM Chief Executive Officer Sim Wing Yew said: "We have performed well in 1H2025, mainly driven by the acceleration of OBU installation activities and improved contributions from our non-vehicle testing capabilities. We will continue to be vigilant, adapting to potential market uncertainties while meeting evolving industry needs."
Dividend:
A tax-exempt one-tier interim dividend of 3.10 cents per share has been declared, representing a payout ratio of 70%, which is in line with our dividend payout policy.
Commentary:
The Group expects satisfactory performance in the 2nd half of 2025.
Demand for vehicle testing and related work is expected to be strong, with the installation of On-Board Units (OBU) for the Electronic Road Pricing (ERP) 2.0 exercise in full swing.
Demand for non-vehicle testing is expected to remain stable, but there is increased uncertainty regarding the effects of US tariffs on the manufacturing sector and the overall economy.
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Background
VICOM Ltd is Singapore's leading provider in inspection and technical testing services, offering a comprehensive range of inspection and testing services in vehicle and non-vehicle testing fields including mechanical, biochemical, civil engineering and non-destructive testing.
Media Contact:
Group Corporate Communications ComfortDelGro Corporation Limited groupcorpcomms@comfortdelgro.com
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