iFAST Corporation (AIY) Q2 2026 earnings summary

Executive summary

• Total revenue grew 34.8% year-on-year in Q2 2026 to S$162.04 million and 39.3% in H1 2026 to S$316.50 million, with net profit up 35.0% in Q2 to S$29.85 million and 40.7% in H1 to S$57.89 million, driven by strong net inflows, record-high AUA, and robust performance across all major markets and ePension divisions.

• Group AUA reached a record S$36.13 billion as of 30 June 2026, up 32.8% year-on-year, with net inflows of S$2.56 billion in H1 2026.

• Customer accounts surpassed 1.5 million, up over 50% year-on-year as of June 2026.

• Second interim dividend declared at 3.00 cents per share (+50% YoY); full-year 2026 dividend guidance raised to at least 12.00 cents per share, a 43% increase over FY2025.

• Profitability was driven by robust AUA growth, record profit at iFAST Global Bank, and expansion in Hong Kong ePension division.

Financial highlights

• EBITDA for Q2 2026 rose 32.7% year-on-year to S$48.89 million.

• 1H2026 total revenue: S$316.50 million (+39.3% YoY); net profit: S$57.89 million (+40.7% YoY); EPS: 19.01 cents (+39.0% YoY).

• Operating cashflows for 1H2026: S$162.87 million; capital expenditure: S$16.86 million.

• Return on equity (ROE) at 27.2% for 1H2026.

• Record profit before tax at iFAST Global Bank (UK) of S$1.92 million in Q2, up 174.5% year-on-year.

Outlook and guidance

• Management expects healthy growth in revenue and profitability for 2026, targeting AUA of S$100 billion by 2030 (CAGR of 25.6%).

• Full-year 2026 dividend expected to be at least 12.00 cents per share, up from previous guidance of 10.5 cents.

• Group headcount has peaked and is expected to decline by end-2028, supporting margin expansion from 2027, aided by AI adoption.