VICOM Ltd released supplementary answers on Apr, 17 2026 to questions submitted by shareholders after the official 9 Apr, 2026 deadline for its forthcoming 45th Annual General Meeting, which will be held on Apr, 22 2026 in Singapore and via electronic means.

The company said growth of its core vehicle-inspection arm will centre on operational efficiency and service quality rather than expanding capacity, citing Singapore’s car-light policy and its existing 72.3% market share. A new inspection centre at Jalan Papan, featuring more lanes, extended vehicle ingress and upgraded testing equipment, is expected to improve throughput but not materially increase volumes.

Management noted that electric-vehicle inspections presently earn lower margins because emission tests are not required, though future EV-specific tests could raise profitability. Long-standing advertising and motor-insurance partnerships are intended to provide incremental income but are not expected to replace any revenue that might be lost from the transition to EVs.

Within subsidiary SETSCO, VICOM highlighted diversification moves, including a joint venture with QAV Technologies to set up electromagnetic interference and compatibility testing in Malaysia, entry into cybersecurity and certification services accredited under ISO/IEC 17025, and a more than one-million-Singapore-dollar multi-year MedTech testing contract. A dedicated fire-testing laboratory will be installed at the upcoming Jalan Papan headquarters, representing a substantial capital investment.

Capital expenditure for FY2026 is projected to be lower than FY2025, with most spending linked to the completion of the Jalan Papan facility and routine requirements. While SETSCO will continue to receive a larger share of capex as VICOM’s “key growth engine”, the group reiterated that all investments are subject to strict risk-adjusted return criteria.

VICOM stated it has no immediate plans to raise debt, citing strong cash reserves and steady free cash flow, but remains open to financing if it enhances capital efficiency. Management reaffirmed its stance against providing separate financial disclosures for individual business units, arguing that operations are too integrated for meaningful segmentation.