iFAST Corporation (AIY) Q2 2026 earnings summary

Executive summary

• Achieved strong growth in Q2 2026 with revenue up 34.8% year-on-year to SGD 162.04 million and net profit up 35% to SGD 29.85 million; 1H2026 revenue reached SGD 316.50 million (+39.3% YoY) and net profit SGD 57.89 million (+40.7% YoY).

• Group AUA reached a record SGD 36.13 billion, up 32.8% year-on-year, with net inflows of SGD 2.56 billion in 1H2026.

• Customer accounts increased by over 50% year-on-year to more than 1.5 million as of June 2026.

• Second interim dividend declared at SGD 0.03 per share (+50% YoY), with full-year dividend guidance raised to at least SGD 0.12 per share (+43% YoY).

• Profitability 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 SGD 48.89 million.

• 1H2026 EPS was 19.01 cents (+39.0% YoY); basic EPS in Q2 2026 was 9.80 cents.

• Operating cashflows for 1H2026 were SGD 162.87 million; capital expenditure was SGD 16.86 million.

• Return on equity at 27.2% for 1H2026.

• Record profit before tax at iFAST Global Bank (UK) of SGD 1.92 million in Q2 2026, up 174.5% YoY.

Outlook and guidance

• Expects healthy growth in revenue and profitability for 2026, barring unforeseen circumstances.

• Vision 2030 targets SGD 100 billion AUA, implying a 25.6% CAGR over five years.

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

• Directors expect to propose a total dividend of at least SGD 0.12 per share for FY2026, up from previous guidance of 10.5 cents.

• AI adoption and lower headcount expected to improve profit margins from 2027 onwards.