iFAST Corporation (AIY) Q1 2026 earnings summary

Executive summary

• Total revenue for 1Q2026 rose 44.5% year-over-year to S$154.46 million, with net profit up 47.3% to S$28.05 million, driven by strong net inflows, Hong Kong ePension, and core wealth management growth.

• Group AUA reached a record S$32.64 billion, up 27.1% YoY, with net inflows of S$1.25 billion in 1Q2026.

• The Group targets S$100 billion AUA by 2030, implying a 25.6% CAGR, and expects healthy growth in 2026 revenues and profitability.

• First interim dividend for FY2026 declared at 2.50 cents per share, with a full-year target of at least 10.5 cents per share, a 25% increase over FY2025.

Financial highlights

• 1Q2026 total revenue: S$154.46 million (+44.5% YoY); net revenue: S$104.92 million (+54.9% YoY); net profit: S$28.05 million (+47.3% YoY); EPS: 9.20 cents (+44.4% YoY).

• EBITDA for 1Q2026 was S$45.67 million (+39.6% YoY).

• Dividend per share for 1Q2026: 2.50 cents (+56.3% YoY).

• Operating expenses rose 59.7% YoY to S$71.06 million, mainly due to expansion in ePension and platform capabilities.

• Operating cash flow for 1Q2026 was negative at S$-25.75 million.

Outlook and guidance

• Expects double-digit growth in Hong Kong revenues and profitability in 2026; ORSO Pension administration to contribute from 2H2026.

• iFAST Global Bank aims for continued robust growth after achieving full-year profitability in 2025.

• Group headcount expected to peak mid-2026 and decline by end-2028, supporting margin expansion from 2027.

• FY2026 dividend expected to be at least 10.5 cents per share, a 25% increase over FY2025.