PETALING JAYA: HI Mobility Bhd
will be keeping its focus on improving operational efficiency and service reliability, while leveraging its existing bus fleet, depots and operational infrastructure to support its transportation services, as it pursues potential business expansion opportunities in Malaysia.
The group said the operating environment for the public transportation sector in Malaysia continues to be supported by government initiatives aimed at improving public transport accessibility and connectivity under the National Transport Policy 2019 to 2030 (NTP 2019 to 2030).
“This policy framework emphasises strengthening public transportation networks and increasing public transport adoption, which the group’s strategies and plans are closely aligned with,” it said.
Releasing its results for its fourth quarter for the financial year ended Jan 31, 2026 (4Q26) yesterday, HI Mobility Bhd raised its net profit to RM15.22mil, surging 51.1% year-on-year (y-o-y) from RM10.07mil in 4Q25.
In a filing with Bursa Malaysia, the company said the increase in profit was largely due to higher revenue achieved, reversal of impairment loss on receivables, and additional interest earned on short-term fund placements.
Revenue for the quarter stood at RM82.43mil, representing a lift of approximately 9.11% from RM75.55mil from the previous year.
HI Mobility attributed the better top line primarily to the scheduled bus services segment, as a result of higher ridership levels and increased frequency of cross-border and domestic bus services.
For the full financial year (FY26), the company posted a 29% y-o-y growth in net profit to RM56.47mil, up from RM43.76mil the year before.
The company also recorded a revenue of RM317.69mil for FY26, a 13.53% increase from RM279.82mil in FY25, also mainly attributable to its scheduled bus services segment.
Compared against the preceding quarter ended Oct 31, 2025, HI Mobility saw bottom line inch up from RM14.77mil, as turnover remained largely steady, attributable to stable demand for the group’s scheduled bus services segment.
“The scheduled bus services segment continues to benefit from steady commuter traffic between Malaysia and Singapore, particularly across the Johor-Singapore corridor, where bus transportation remains an important mode of daily cross-border travel,” it said.
HI Mobility declared a dividend of one sen for 4Q26, bringing the total dividends declared for FY26 to four sen.
It further commented that the integration of Acacia Motor Services Sdn Bhd and Handal BCM Sdn Bhd will expand its business upstream into the manufacturing, assembly and distribution of commercial vehicles.
“This is expected to strengthen the group’s transportation ecosystem and potentially improve our operational efficiencies over the longer term,” it added.
