VICOM Ltd said on Nov, 10 2025 that group revenue for the three months ended Sep, 30 2025 rose 36% year-on-year to 41.6 million Singapore dollars, boosted by continued progress on the Electronic Road Pricing 2.0 On-Board Unit project and firm demand for vehicle inspection and testing services.

Operating profit increased 47% to 12.1 million Singapore dollars, while profit after tax and minority interest advanced 45% to 9.9 million Singapore dollars. The company installed more than 78,000 on-board units during the quarter, up from 71,000 in the preceding period.

For the nine months to Sep, 30 2025, revenue grew 28% to 111.5 million Singapore dollars and operating profit rose 24% to 31.0 million Singapore dollars.

The balance sheet remained robust with cash and cash equivalents of 42.0 million Singapore dollars at the end of September. VICOM said higher current assets and liabilities reflected increased activity from the on-board unit project, while non-current assets climbed by 18.6 million Singapore dollars due mainly to progress payments for the development of its Jalan Papan site.

Net cash used in the third quarter amounted to 13.6 million Singapore dollars, primarily funding capital expenditure and dividend payments.