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26 May 2026
Skylink Posts Strong Inaugural Full-Year Results; Proposed Dividend of 0.55 SG cents per Share
• Revenue increased 34.1%, driven mainly by the Group’s Commercial Vehicle Leasing and Engineering businesses, which increased 37.8% and 54.3% respectively in FY2026.
• The Group’s Credit business continues to manage a healthy loan book size of S$66.24 million as at 31 March 2026, originated more higher-yield new loans during 2H2026 despite early settlement of legacy loans by hirers.
• Gross profit increased 45.9% in FY2026 with higher gross profit margins increasing 2.3 percentage points to 28.0%, despite increased depreciation on the back of higher COE prices.
• Reflecting the resilience of its integrated business model, both pre-tax operating profit and Net Profit are up by 64.3% and 61.7% to S$4.70 million and S$4.43 million, respectively, excluding non-recurring non-cash RTO Accounting Effects and the one-off RTO listing expenses.
• Generated net operating cash flows of S$11.97 million generated in FY2026, which continues to underscore the strength of the Group’s cash generative business activities.
• Proposed dividend of 0.55 SG cents per share, represents a dividend payout of more than 30% of Net Profit, in line with the dividend guidance committed at the time of its RTO.
• The Group has established an integrated business model with good revenue visibility, as supported by synergistic ecosystem and strategically expanded income-producing asset base for enhancing operating leverage and returns
Commenting on the Group’s FY2026 results, Mr Wesley Shen (沈文德), Executive Director & Chief Executive Officer of Skylink Holdings, said, “FY2026 marks a significant milestone for Skylink Holdings as we successfully completed our RTO in September 2025 to become a SGX-listed company.
In FY2026, the Group achieved strong revenue growth and delivered a robust underlying performance, with operating profit before tax, excluding RTO-related costs, increasing 64.3% to S$4.70 million, reflecting the resilience and scalability of our integrated business model.
Complementing this performance, the Group also generated healthy operating cash flows of S$11.97 million, underscoring the strength of our recurring and cash-generative business model.
With our listed platform, integrated ecosystem and strengthened balance sheet, we are strategically positioned to accelerate our growth ambitions, enhance our revenue visibility and further strengthen our position as a trusted one-stop commercial mobility solutions provider in Singapore.”
Commenting on the proposed dividend payout for FY2026 results, Wesley added, “Alongside our strong underlying performance and our commitment to shareholder returns, the Board has proposed a dividend of 0.55 SG cents, representing more than 30% of our Net Profit for FY2026.
This reflects our commitment to creating long-term value for our stakeholders as we continue to strengthen our market position and build a resilient platform for sustainable growth in the years ahead.”
Positive outlook ahead with enhanced revenue visibility and clear growth roadmap: Given the structural roles of the Group’s core businesses within the Singapore economy, the Group’s 3 core business activities have remained resilient despite heightened geopolitical risks. This is further supported by its strategically aligned and integrated business model within its synergistic ecosystem, as reiterated.
Furthermore, the Group maintains a highly diversified customer base, primarily small and medium-sized enterprises (“SMEs”), with no material reliance on any single customer, thereby significantly mitigating business concentration risk.
Serving the needs of SMEs and essential mobility solutions, the majority of the Group’s commercial vehicle leases and hire-purchase loans are on long-term contracts for more than 1 year, thereby providing enhanced earnings visibility.
To generate higher recurring revenue, improve cost synergies, and enhance asset utilisation under this ecosystem, the Group aims to strengthen its integrated commercial vehicle platform and implement its growth initiatives in a self-compounding business cycle, both by way of growing asset base and increasing business volume as follows:
(i) increase its commercial vehicle fleet with a focus on EV adoption initiatives;
(ii) expand its loan book size for higher yields; and
(iii) strengthen its engineering capacity and expand its corporate client base
See here for full media release: https://lnkd.in/guddrH7x
See here for full year slides: https://lnkd.in/gDZ2k2vh