Singapore's Vicom half-year net profit rises 28%

Vicom

11/08/2026 10:47

Overview
Singapore vehicle inspection firm's half-year revenue rose 6.4% to S$74.3 mln
Net profit attributable to shareholders grew 28% to S$19.9 mln for the period
EBITDA for the half year increased 25.1% to S$28.9 mln

Outlook
Company expects a softer performance in the second half of 2026 due to uncertainties in the operating environment
Company sees installation activities under the ERP 2.0 On-Board Unit (OBU) programme to continue tapering as the project approaches its scheduled completion in December 2026

Result Drivers
REVENUE GROWTH - Higher group revenue drove increases in operating profit and net profit
LOWER CONTRACT SERVICES COSTS - Contract services costs declined 44.2% year-on-year

Company press release: ID:nSNbgvgH4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 EBITDA
 
S$28.90 mln
 
H1 Net Income Attributable
 
S$19.90 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Vicom Ltd is S$2.24, about 23.8% above its August 7 closing price of S$1.81
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)