VICOM Ltd posted a 45.1% year-on-year rise in net profit attributable to shareholders to S$42.5 million for the full year ended 31 December 2025, buoyed by a surge in demand for On-Board Unit (OBU) installations linked to Singapore’s ERP 2.0 migration programme.

Group revenue climbed 40.1% to S$167.4 million, lifting earnings per share to 11.98 Singapore cents from 8.26 cents a year earlier. The board proposed a final tax-exempt dividend of 5.30 cents per share, bringing the 2025 payout to 8.40 cents per share after the interim dividend of 3.10 cents paid on 19 August 2025.

EBITDA expanded 39.6% to S$60.3 million while operating profit grew 49.7% to S$51.8 million. The performance was underpinned by the installation of more than 251,000 OBUs— the highest among four authorised partners appointed by Singapore’s Land Transport Authority— and by steady market-leading vehicle inspection operations, which retained a 72.3% share.

Non-vehicle testing also contributed, supported by sustained activity in manufacturing and construction and by heightened demand from electronics customers producing artificial-intelligence semiconductors and related servers. Additional testing assignments were generated as clients accelerated supply-chain diversification in response to tariff uncertainties.

Looking ahead, management expects overall testing demand to soften in 2026 as OBU installation work tapers off. However, the pending launch of an integrated testing hub at Jalan Papan in the second half is projected to add capacity for vehicle inspections and broaden the company’s advanced non-vehicle testing portfolio.

Chief Executive Officer Sim Wing Yew said the group will concentrate on strengthening capabilities and capitalising on emerging opportunities, noting that the new hub would enlarge operational capacity and support the introduction of specialised testing services aimed at meeting evolving industrial requirements.