Discover how SMRT Trains' profit after tax nearly doubled to $12.8 million in the latest financial year, driven by increased revenue and strategic cost management. Read more at straitstimes.com. Read more at straitstimes.com.
SMRT Trains' profit after tax nearly doubled to $12.8 million in 2025/2026, with revenue up 5.6% due to higher ridership and fare revenue. Profit margin improved to 1.3%, aided by cost management and pre-negotiated energy contracts despite a 10% rise in energy costs from the Middle East conflict.
SMRT also expanded non-fare businesses, including luxury electric vehicles, airport equipment services, and a $4.5 million investment in dual-use digital advertising panels at MRT stations. SINGAPORE – Rail operator SMRT Trains’ profit after tax nearly doubled to $12.8 million in the financial year that ended on March 31, Its net profit margin was 1.3 per cent, an increase from the 2024/2025 financial year, in which the margin was 0.75 per cent.
Its profit margin had taken a hit then after being affected by one-off costs that totalled about $10 million, after a majorIn the 2025/2026 financial year, revenue from the Temasek-owned subsidiary’s rail operations amounted to $969.7 million – a 5.6 per cent increase from the $918.2 million recorded in the previous financial year. However, the operator noted that the increase was partially offset by higher repair and maintenance expenditure, while the improvement in profit margins was driven by a confluence of factors, including cost management and energy contracts secured before Since the conflict in the Middle East began, energy costs for SMRT Trains have increased by more than 10 per cent.
Taxi operator Strides Premier, which is owned by SMRT, grew its limousine and specialised vehicle businesses. Besides introducing a fleet of the luxury Denza D9 electric vehicles for corporate clients, it also became an authorised repairer for the Chinese brand. Its specialised vehicle business similarly grew, with Strides Premier entering a contract with aviation ground handler SATS to maintain airport ground support equipment, refurbish upper-deck catering trucks, and modify the Land Transport Authority’s new BYD electric public buses.
Meanwhile, SMRT’s advertising arm Stellar Ace also invested about $4.5 million in dual-use digital panels for use at MRT stations. Besides being able to show advertisements, the screens can be repurposed to display directions and other information in the event of a service disruption. In May, it was announced that selected charities with Institution of a Public Character status would be able to run campaigns free of charge across SMRT’s advertising network.
The $1 million initiative, which will run for three years, saw 179 IPCs submitting proposals. There are about 700 IPCs in all. Stomp
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