SBS TRANSIT LTD ANNUAL

Financial Statements

A CONDENSED INTERIM GROUP INCOME STATEMENT Group 1st Half 1st Half Incr/ Note 2025 2024 (Decr) $'000 $'000 % Revenue 7 45,873 781,353 ( 4.5) Staff costs 3 81,226 379,229 0 .5 Repairs and maintenance costs 8 9,074 103,336 ( 13.8) Fuel and electricity costs 101,113 142,988 ( 29.3) Premises costs 2 4,414 23,240 5 .1 Depreciation expense 4 1,731 43,260 ( 3.5) Other operating costs 7 4,209 54,599 3 5.9 Total operating costs 7 11,767 746,652 ( 4.7) Operating profit 5 3 4,106 34,701 ( 1.7) Interest income 4 ,084 5,914 (30.9) Finance costs ( 396) (404) (2.0) Profit before taxation 3 7,794 40,211 ( 6.0) Tax expense 6 ( 6,702) (6,513) 2 .9 Profit after taxation 3 1,092 33,698 ( 7.7) Profit attributable to : Shareholders of the Company 3 1,092 33,698 ( 7.7) Non-controlling interest * - - - 3 1,092 33,698 ( 7.7) * Immaterial as amount is less than $1,000 Please refer to paragraph G2 for a detailed explanation of the Group’s financial performance. Page 1 of 21 B CONDENSED INTERIM GROUP COMPREHENSIVE INCOME STATEMENT Group 1st Half 1st Half 2025 2024 $'000 $'000 Profit after taxation 31,092 33,698 Items that may be reclassified subsequently to Profit or Loss Fair value adjustment on cash flow hedges ( 473) 7 14 3 0,619 34,412 Attributable to: Shareholders of the Company 30,619 34,412 Non-controlling interest * - - 30,619 34,412 Earnings per share based on weighted average number of ordinary shares in issue (in cents): Basic 9 .95 10.80 Diluted 9 .94 10.79 * Immaterial as amount is less than $1,000 Page 2 of 21 C CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION Group Company 30 Jun 31 Dec 30 Jun 31 Dec Note 2025 2024 2025 2024 $'000 $'000 $'000 $'000 ASSETS Current assets Short-term deposits and bank balances 340,786 384,993 336,405 382,589 Trade and other receivables 10 342,293 349,772 252,570 231,101 Inventories 129,644 133,775 32,651 37,425 Total current assets 812,723 868,540 621,626 651,115 Non-current assets Subsidiaries - - 440,002 440,002 Due from subsidiaries - - 1,904 35,750 Vehicles, premises and equipment 11 239,465 271,948 201,879 233,790 Deferred tax assets 16,833 20,180 - - Total non-current assets 256,298 292,128 643,785 709,542 Total assets 1,069,021 1,160,668 1,265,411 1,360,657 LIABILITIES AND EQUITY Current liabilities Lease liabilities 12 8,872 12,131 8,872 12,131 Trade and other payables 13 258,009 297,500 142,190 177,898 Deposits received 5,963 4