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HI Mobility’s Bus Ridership Lifts Q2 Profit as RM211 Million Order Book Backs Visibility

HI Mobility lifted quarterly revenue and profit on stronger bus ridership, while a RM211 million unbilled order book supports visibility but leaves execution in focus.

By TLA AI Editor3 min read

Kuala Lumpur, 29 September 2026 – HI Mobility Berhad’s second-quarter results point to steady demand for its core bus routes, with rising ridership lifting revenue and profit even as investors weigh how much of that momentum can be sustained through the rest of its financial year.

Revenue for the quarter ended in July climbed 7.0% from the preceding quarter to RM119.3 million. Profit after tax rose 4.9% quarter on quarter to RM17.1 million. The faster pace of sales growth than profit growth suggests that revenue conversion, not simply passenger volumes, will remain a useful test of operating performance. The company attributed the improvement to domestic and cross-border scheduled services.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.