Singapore transport operator ComfortDelGro now generates more revenue from overseas than its home base
Key Takeaways
Revenue from operations in the UK, Europe, Australia, New Zealand, and China now make up more than 50% of the Singapore transport operator's revenue.
Article Overview
Quick insights and key information
3 min read
Estimated completion
investment
Article classification
August 14, 2025
08:35 AM
Fortune
Original publisher
Finance·Southeast Asia 500Singapore transport operator ComfortDelGro now generates more revenue from overseas than its baseBy Lionel LimBy Lionel LimAsia ReporterLionel LimAsia ReporterLionel Lim is a Singapore-based reporter covering the Asia-Pacific region.SEE FULL BIO A ComfortDelGro robotaxi in Guangzhou, China
Courtesy of ComfortDelGroComfortDelGro’s moves around the world are finally helping its balance sheet
The MRT operator reported Wednesday that overseas revenue made up 54.3% of its 2.42 billion Singapore dollars ($1.89 billion) in revenue for the first half of the year
It’s the first time that the company now generates more revenue from outside of Singapore, its base
Overall, the company’s half-year revenue rose by 14.4% year-on-year. fits after tax and minority interests climbed 11.2% over the same period to reach 106 million Singapore dollars ($82.8 million). “The increase in overseas earnings reflects our focus on pursuing fitable international growth
The international Public Transport continues to do well, underpinned by our ability to collaborate effectively with our clients to der valued services to support their transport goals,” said CEO Cheng Siak Kian
The company’s s fell by 3.2% in Singapore trading on Thursday
ComfortDelGro, ranked No. 105 on the Southeast Asia 500, is trying to expand its overseas operations, particularly in rail
Singapore’s size means transport operators ComfortDelGro are inclined to look overseas for growth
The company is a relatively late entrant to the of public rail, particularly compared to giants Hong Kong’s MTR Corporation and Japan’s JR Group
Yet it’s recently won contracts to operate Stockholm’s metro and parts of the Paris metro
ComfortDelgro currently operates two rail lines in Singapore and rail services in Auckland, New Zealand
The group is also part of a conium that’s bidding to operate and maintain the metro lines in Melbourne
In addition to rail, ComfortDelGro operates bus and taxi services in the UK, Australia and Singapore, and taxi and private-hire services in China
ComfortDelGro’s AI investments In March, ComfortDelGro announced a partnership with Chinese robotaxi startup Pony.ai to launch self-driving cars in Guangzhou
On Wednesday, Cheng, ComfortDelGro’s CEO, said the trial has been accident-free so far
ComfortDelGro currently has five autonomous cars operating in a specific part of the city
Cheng said the company is ing opportunities to “scale up,” yet declined to give a timeline on when the company will bring robotaxis to Singapore, citing a need to work with authorities
ComfortDelGro’s CEO has previously argued that autonomous driving is needed to prepare cities for coming labor shortages
ComfortDelGro is also partnering with Moovita, a Singapore company, to test autonomous bus services in the city-state
Cheng is part of a 17-member committee under Singapore’s Ministry of Transport tasked with guiding the roll-out of autonomous vehicles in the city-state
He’s joined on the committee by Grab chief operating officer Alex Hungate, WeRide founder Tony Han, and Waymo’s head of international policy George Ivanov.
Related Articles
More insights from FinancialBooklet