IFS Capital Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	39.17	35.96	32.21	22.7	31.61
Total Interest Expense	7.53	9.01	8.15	3.5	3.93
Net Interest Income	31.63	26.95	24.07	19.19	27.68
Commissions and Fees	9.48	7.41	6.48	6.79	6.38
Other Revenue	19.95	18.57	8.93	3.26	6.19
Revenue Before Loan Losses	61.07	52.93	39.48	29.24	40.25
Provision for Loan Losses	4.21	0.63	1.66	1.27	0.7
Revenue	56.86	52.31	37.82	27.97	39.55
Revenue Growth (YoY)	8.71%	38.30%	35.22%	-29.28%	27.40%
Salaries & Employee Benefits	17.25	15.13	14.17	12.89	16.02
Cost of Services Provided	32.02	32.63	17.75	9.77	10.37
Other Operating Expenses	-0.47	-0.23	-0.33	-0.55	-0.09
Total Operating Expenses	48.81	47.53	31.58	22.11	26.3
Operating Income	8.05	4.78	6.24	5.86	13.25
Earnings From Equity Investments	-0.04	-0.02	-	-	-
EBT Excluding Unusual Items	8.72	5.28	7.11	6.45	13.06
Gain (Loss) on Sale of Investments	0.02	0.02	-0.01	-0.02	-0.41
Pretax Income	8.74	5.31	7.14	6.43	12.69
Income Tax Expense	2.38	1.6	1.82	1.57	3.04
Earnings From Continuing Ops.	6.36	3.71	5.32	4.86	9.65
Minority Interest in Earnings	-1.62	-1.82	-1.88	-1.8	-1.7
Net Income	4.74	1.89	3.44	3.06	7.95
Net Income to Common	4.74	1.89	3.44	3.06	7.95
Net Income Growth	150.93%	-45.07%	12.42%	-61.53%	900.13%
Shares Outstanding (Basic)	376	376	376	376	376
Shares Outstanding (Diluted)	376	376	376	376	376
EPS (Basic)	0.01	0.01	0.01	0.01	0.02
EPS (Diluted)	0.01	0.00	0.01	0.01	0.02
EPS Growth	152.05%	-45.07%	12.36%	-61.62%	905.24%
Free Cash Flow	3.32	-16.13	-103.11	-61.02	138.25
Free Cash Flow Per Share	0.01	-0.04	-0.27	-0.16	0.37
Dividend Per Share	0.008	0.005	0.005	0.004	0.008
Dividend Growth	60.00%	-	11.11%	-42.31%	290.00%
Operating Margin	14.16%	9.13%	16.49%	20.96%	33.50%
Profit Margin	8.34%	3.61%	9.09%	10.94%	20.10%
Free Cash Flow Margin	5.84%	-30.84%	-272.62%	-218.15%	349.56%
Effective Tax Rate	27.21%	30.11%	25.44%	24.44%	23.96%

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.