IFS Capital Income Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	37.21	35.96	32.21	22.7	31.61	27.69
Total Interest Expense	8.26	9.01	8.15	3.5	3.93	5.98
Net Interest Income	28.95	26.95	24.07	19.19	27.68	21.71
Commissions and Fees	8.65	7.41	6.48	6.79	6.38	6.5
Other Revenue	17.84	18.57	8.93	3.26	6.19	5.19
Revenue Before Loan Losses	55.45	52.93	39.48	29.24	40.25	33.39
Provision for Loan Losses	3.51	0.63	1.66	1.27	0.7	2.35
Revenue	51.94	52.31	37.82	27.97	39.55	31.05
Revenue Growth (YoY)	14.51%	38.30%	35.22%	-29.28%	27.40%	-32.69%
Salaries & Employee Benefits	16.12	15.13	14.17	12.89	16.02	14.44
Cost of Services Provided	31.06	32.63	17.75	9.77	10.37	15.67
Other Operating Expenses	-0.23	-0.23	-0.33	-0.55	-0.09	-0.09
Total Operating Expenses	46.94	47.53	31.58	22.11	26.3	30.01
Operating Income	5	4.78	6.24	5.86	13.25	1.03
Earnings From Equity Investments	-0.02	-0.02	-	-	-	-
EBT Excluding Unusual Items	5.57	5.28	7.11	6.45	13.06	2.52
Gain (Loss) on Sale of Investments	-0.02	0.02	-0.01	-0.02	-0.41	-
Pretax Income	5.56	5.31	7.14	6.43	12.69	2.54
Income Tax Expense	1.32	1.6	1.82	1.57	3.04	0.18
Earnings From Continuing Ops.	4.25	3.71	5.32	4.86	9.65	2.36
Minority Interest in Earnings	-1.52	-1.82	-1.88	-1.8	-1.7	-1.57
Net Income	2.73	1.89	3.44	3.06	7.95	0.8
Net Income to Common	2.73	1.89	3.44	3.06	7.95	0.8
Net Income Growth	-16.92%	-45.07%	12.42%	-61.53%	900.13%	-91.53%
Shares Outstanding (Basic)	376	376	376	376	376	376
Shares Outstanding (Diluted)	376	376	376	376	376	376
Shares Change (YoY)	0.30%	-	-	-	-	-
EPS (Basic)	0.01	0.01	0.01	0.01	0.02	0.00
EPS (Diluted)	0.01	0.00	0.01	0.01	0.02	0.00
EPS Growth	-17.34%	-45.07%	12.36%	-61.62%	905.24%	-91.59%
Free Cash Flow	-50.58	-16.13	-103.11	-61.02	138.25	23.48
Free Cash Flow Per Share	-0.14	-0.04	-0.27	-0.16	0.37	0.06
Dividend Per Share	0.005	0.005	0.005	0.004	0.008	0.002
Dividend Growth	-	-	11.11%	-42.31%	290.00%	-74.36%
Operating Margin	9.63%	9.13%	16.49%	20.96%	33.50%	3.32%
Profit Margin	5.26%	3.61%	9.09%	10.94%	20.10%	2.56%
Free Cash Flow Margin	-97.38%	-30.84%	-272.62%	-218.15%	349.56%	75.64%
Effective Tax Rate	23.68%	30.11%	25.44%	24.44%	23.96%	6.94%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.