DBS Group (D05) investor relations material

Executive summary

• Achieved record first-half income and pre-tax profit, with net profit at $5.72 billion, despite macroeconomic headwinds and new global tax rules.

• Demonstrated franchise resilience through nimble balance sheet management, robust deposit inflows, and market share gains in wealth management and treasury products.

• Asset quality remained resilient, with NPL ratio improving to 1.0% and allowance coverage at 137%.

• Return on equity was 17.0% and return on tangible equity was 18.8% for the first half.

• Board declared an interim dividend of 60¢ and a capital return dividend of 15¢ per share, totaling $2,128 million.

Financial highlights

• First-half total income rose 5% year-over-year to $11.6 billion; net profit was $5.72 billion, little changed from $5.76 billion a year ago.

• 2Q25 pre-tax profit up 5% YoY to $3.39bn; net profit up 1% to $2.82bn; total income up 5% YoY to $5.73bn.

• Net interest income rose 3% to $7.33 billion, with fee and treasury customer sales at record highs; markets trading income surged 80%.

• Net interest margin declined to 2.08% from 2.14% year-over-year; commercial book NIM fell to 2.61%.

• Fee income grew 17% to $2.44 billion, led by a 30% increase in wealth management fees.

Capital allocation and financing

• CET1 ratio at 17.0% (transitional), 15.1% fully phased-in; leverage ratio at 6.5%.

• Committed to capital return via dividends and share buybacks, with $0.60 annual capital return and $0.24 annual dividend increase reviewed at year-end.

• Share buyback program has completed about 12% of the planned amount.

• Total customer deposits rose 7% year-over-year to $574 billion, with CASA ratio improving to 52%.

• Total debts issued increased to $76.3 billion from $60.3 billion a year ago.