1st Quarter 2025 Business Update
8 May 2025
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Contents
Operational Update for 1Q 2025
Financial Update for 1Q 2025
Demand for vehicle testing and related work remained strong.
The progress of the On-Board Unit (OBU) for the Electronic Road Pricing (ERP) 2.0 has been smooth, with more than 53,000 OBUs installed during the quarter compared with 35,000 OBUs installed in the previous quarter.
Non-Vehicle Testing BusinessDemand for non-vehicle testing has improved in the quarter.
However, the recent escalation in global trade tensions may negatively affect the growth of Singapore's economy, resulting in lower demand for testing business.