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Kelsian Group Limited (ASX:KLS)

ALERT: Price-sensitive ASX Announcement for KLS
Current share price for KLS : $3.945 -0.305 (-7.18%)+
Announcement
Release
2 Jun 2026 8:22AM
Price at Release
$4.250
Full Release
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Summary
Kelsian Group Limited, through its subsidiary Transit Systems West, has signed a two-year extension contract with Transport for New South Wales (TfNSW) for the provision of public bus services in Sydney's Region 6. This extension is set to commence on 1 July 2026 and is expected to generate approximately $500 million in revenue. The contract involves managing 528 buses from four depots, with a fleet replacement program that includes 151 fully electric buses, contributing to the full electrification of the Leichhardt and Kingsgrove depots. The contract includes revenue indexation mechanisms to protect against cost fluctuations. This extension was reached after direct negotiations and reflects Kelsian's reliable service record.
Key Points
  • Kelsian Group Limited's subsidiary, Transit Systems West, signs a two-year contract extension with TfNSW.
  • The extension covers Sydney Region 6 and is valued at approximately $500 million.
  • Contract includes operation of 528 buses and a fleet replacement program with 151 electric buses.
  • The extension follows direct negotiations and approval from the NSW Government.
  • Revenue indexation mechanisms are included to mitigate cost fluctuations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.