iFAST Corporation (AIY) Q1 2026 earnings summary

Executive summary

• Total revenue for 1Q2026 rose 44.5% year-over-year to S$154.5 million, with net profit up 47.5% to S$28.05 million, driven by strong net inflows and growth in core wealth management and ePension businesses across all major markets.

• Assets under administration (AUA) reached a record S$32.64 billion, up 27.1% year-over-year, supported by S$1.25 billion in net inflows.

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

• Interim dividend for 1Q2026 declared at 2.50 cents per share, a 56.3% year-over-year increase; total FY2026 dividend expected to be at least 10.5 cents per share, up 25% from 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.

• Vision 2030 targets S$100 billion AUA by 2030, with main contributions from Singapore, Hong Kong, and the UK.

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