Credit Bureau Asia Limited (“CBA”, “亚洲征信有限公司”, together with its subsidiaries, the “Group”), a leading player in the credit and risk solutions market in Southeast Asia, is pleased to announce for the full year ended 31 December 2024 (“FY2024”), revenue grew 10% to S$59.7 million and net profit before tax grew 14% to S$30.5 million. PATMI grew 14% to S$11.2 million.

Commenting on the results, Mr Kevin Koo, founder and Executive Chairman of CBA, remarked: “We delivered outstanding double digit revenue and profit growth, and finished the year strongly. The Board is recommending a final dividend of 2.0 Singapore cents per ordinary share, bringing the total dividend payout for FY2024 to 4.0 Singapore cents per ordinary share, an increase of 8.1% over FY2023.”

Our non-FI Data Business continues to expand and increase market penetration through introducing new products and services to our customers. Revenue contributions from the Singapore/Malaysia markets and the Rest of the World are S$17.9 million and S$14.7 million respectively.

The collaboration with Dun & Bradstreet was renewed for another 5 years with effect from 1st January 2024 for Dun & Bradstreet Singapore and Dun & Bradstreet Malaysia. CBA’s symbiotic relationship with Dun & Bradstreet commenced 25 years ago, and since then, CBA’s non-FI Data business in Singapore and Malaysia have expanded manyfold. CBA is now the market leader in commercial credit and risk information in Singapore and Malaysia with a global reach through the Dun & Bradstreet Worldwide Network. Profit before tax for our nonFI Data Business, which also includes Singapore Commercial Credit Bureau, increased 19% in FY2024 to S$15.4 million.

There is broad-based increase in revenue and continuing development of new business initiatives to our FI Data Business in the Singapore, Cambodia and Myanmar markets. Profit before tax for our FI Data Business increased 10% in FY2024 to S$15.1 million.

Meanwhile, the Group continues to explore acquiring growing businesses in the region to expand our footprint. Further announcements will be made at the appropriate time.