SingTel's third-quarter profit rises on higher contribution from Airtel, Advanced Info (updated)

Bharti Airtel

12/02/2026 24:19

Updates with more detail on results

Feb 12 (Reuters) - Singapore Telecommunications STEL.SI reported a 9.5% rise in its third-quarter underlying net profit on Thursday, driven by strong contributions from India's Bharti Airtel BRTI.NS and Thailand's Advanced Info Service (AIS) ADVANC.BK.

SingTel reported an underlying net profit of S$744 million ($589.77 million) for the three-month period ended December 31, compared with S$680 million a year earlier.

Contributions from regional associates' post-tax profits rose more than 15% to S$529 million, led by Airtel and AIS.

SingTel also booked a net exceptional gain of S$1.15 billion from selling a 0.8% stake in Airtel as part of an asset‑restructuring plan.

That boosted its net profit on a statutory basis by 44% to S$1.89 billion.

SingTel-owned Optus, Australia's no. 2 telecom firm, reported a 5% rise in operating earnings for the quarter. That, along with robust growth in its information technology services division, NCS, helped offset weaker performance by its domestic business.

($1 = 1.2615 Singapore dollars)

 (Reporting by Kumar Tanishk in Bengaluru; Editing by Subhranshu Sahu)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))