Singapore's iFAST H1 net profit rises on digital personal banking growth

iFAST

24/07/2026 12:17

    

    Overview
  
Singapore digital banking platform's H1 net profit rose 35% yr/yr to S$57.89 mln
Company's Q2 revenue up 34.8% yr/yr
FY2026 dividend guidance raised to 12.00 cents per share, up at least 43% yr/yr

    

    Outlook
  
iFAST Corp expects FY2026 total dividend of 12.00 cents per share or higher
Over the longer term, company may gradually increase dividend payout ratio to 40.0% as equity grows
Directors aim to maintain flexibility for future growth opportunities and business needs

    

    Result Drivers
  
AUA GROWTH - Co said AUA increased 32.8% YoY to a new record high of S$36.13 billion as at 30 June 2026, driven
by healthy net inflows of S$1.31 billion in 2Q2026 
MARKET EXPANSION - All markets reached new AUA peaks during the quarter, with unit trusts as primary growth driver and stocks/ETFs recording strongest growth relative to their bases
BANKING SEGMENT - Digital Personal Banking and Business Banking divisions saw improved profitability and momentum, supported by ramp-up in customer deposits

    
Company press release: ID:nSN1QWzxJ

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
H1 Net Profit After Tax
 
S$57.89 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial technology (fintech) peer group is "buy"
Wall Street's median 12-month price target for IFAST Corporation Ltd is S$11.96, about 28.9% above its July 24 closing price of S$9.28
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

    

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)