Aspial Lifestyle (5UF) H2 2025 earnings summary

Executive summary

• FY2025 revenue reached a record S$830.1 million, up 41% YoY; profit after tax rose 142% to S$84.4 million.

• 2H2025 revenue increased 38% YoY to S$462.9 million and profit after tax increased 172% to S$55.2 million.

Financial highlights

• FY2025 revenue increased S$242.5 million YoY, supported by retail growth, higher pawnbroking interest income and stronger secured lending revenue.

• FY2025 profit after tax rose from S$34.8 million to S$84.4 million, supported by stronger margins, operating expense effectiveness and lower finance costs.

• FY2025 EPS was 4.35 Singapore cents, up from 2.24 cents in FY2024.

Outlook and guidance

• Barring unforeseen developments, 1H2026 business conditions are expected to deliver substantially stronger performance than 1H2025.

• Retail is expected to remain resilient; pawnbroking growth is supported by an expanded loan book, demand for collateral-backed financing and elevated gold prices.

• BigFundr is expected to grow in FY2026 through portfolio expansion and increasing investor participation; Malaysia operations are expected to continue performing well.