Singapore · Delayed Price · Currency is SGD iFAST Corporation Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue rose 23% YoY and net profit 24.5%, while 9M net profit grew 34.4%. Record AUA and rapid U.K. bank growth support 2026-27 plans, though markets and Hong Kong project timing remain uncertainties.
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Q2 2026 saw robust year-on-year growth in revenue, profit, and AUA, with all major markets and products contributing to record highs. Dividend guidance was raised significantly, supported by strong profitability and improved outlook. Margin expansion is expected as headcount declines and operational leverage increases.
Fiscal Year 2025
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Record FY 2025 revenue and net profit were driven by strong growth in Hong Kong ePension, core wealth management, and the first full year of profitability for the UK bank. AUA reached SGD 31.98 billion, with robust net inflows and a record ROE. Double-digit growth and higher dividends are expected in 2026.
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Net profit surged 54.7% year-on-year in Tech Quarter 2025, with record AUA and strong growth across all markets. iFAST Global Bank achieved four consecutive profitable quarters, and robust revenue and profit growth is expected for full-year 2025.
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Net profit surged 37.9% year-on-year in Q2 2025, with strong growth in ePension, Global Bank, and Wealth Management. ROE reached 24.6%, and full-year revenue and profit are expected to show robust gains over 2024.
Fiscal Year 2024
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Q4 2024 net profit rose 46.3% year-on-year, with full-year net profit up 135.7% and AUA at a record SGD 25.01 billion. iFAST Global Bank turned profitable, and robust growth is expected in 2025, with continued expansion in ePension and new services.
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Net profit soared 346.1% year-on-year in Q2 2024, driven by ePension and wealth management, with AUA at a record SGD 22.37 billion. Strong growth is expected to continue, with IGB targeting breakeven in Q4 and dividend per share increased to SGD 0.015.