iFAST Corporation (AIY) Q2 2025 earnings summary

Executive summary

• Net profit rose 37.9% year-on-year to $22.11M in Q2 2025 and 34.7% to $41.15M in 1H2025, driven by strong Hong Kong ePension, Global Bank turnaround, and core Wealth Management growth.

• Group AUA reached a record $27.2B, up 21.6% year-on-year, with Q2 2025 net inflows at $1.29B (+62.9% YoY).

• iFAST Global Bank achieved $0.70M net profit in Q2 2025 and $1.70M in 1H2025, reversing prior losses; customer deposits up 124.2% YoY to $1.45B.

• Dividend per share for Q2 2025 is 2.00 cents, up 33.3% YoY; full-year dividend expected to be at least 8.00 cents (+35.6% YoY).

• Customer accounts surpassed 1 million as of 30 June 2025.

Financial highlights

• Q2 2025 gross revenue increased 28.3% YoY to $120.24M; net revenue up 30.4% to $80.05M; EPS up 35.9% to 7.31 cents.

• 1H2025 gross revenue reached $227.16M (+26.4% YoY); net profit up 34.7% to $41.15M; EPS up 33.1% to 13.68 cents.

• Net asset value per share rose to 114.36 cents as of 30 June 2025.

• Cash and cash equivalents stood at $821.84M at end-Q2 2025, reflecting strong operating cash flow and deposit growth.

• Unit trust subscriptions hit record highs: $2.32B in Q2 2025 and $4.59B in 1H2025.

Outlook and guidance

• Revenues and profitability expected to improve in H2 2025 versus H1, with robust full-year growth over 2024.

• ePension division to see further improvement as onboarding progresses; core Wealth Management and Global Bank to continue growth.

• FY2025 dividend expected to rise at least 35.6% YoY to 8.00 cents per share or higher.

• Double-digit growth guided for 2026 compared to 2025.