iFAST Corporation (AIY) Q3 2025 earnings summary

Executive summary

• Net profit rose 54.7% year-on-year to $26.01 million in 3Q2025, with gross revenue up 37% to $135.82 million, driven by Hong Kong ePension, core wealth management, and iFAST Global Bank's turnaround.

• Group AUA reached a record $30.62 billion as of 30 September 2025, up 29.6% year-on-year, with all markets and product categories hitting record highs.

• Net inflows for 3Q2025 were $1.49 billion, and for nine months 2025, $3.72 billion, both at record levels and exceeding FY2024.

• iFAST Global Bank achieved four consecutive profitable quarters, with $0.3 million net profit in 3Q2025 and $2.01 million for nine months 2025; net interest revenue exceeded non-interest income for the first time.

Financial highlights

• Gross revenue for nine months 2025 was $362.98 million, up 30.2% year-on-year; net profit was $67.15 million, up 41.8%; EPS for 9M2025 was 22.25 cents, up 39.8% year-on-year.

• Profit before tax margin for nine months 2025 was 34.5%.

• Annualised ROE for nine months 2025 reached a record 26.1%.

• Third interim dividend of 2.30 cents per share, 53% higher year-on-year; total interim dividends for nine months 2025 were 5.90 cents per share.

• Operating cashflows for nine months 2025 were $562.93 million; capital expenditure was $22.22 million.

Outlook and guidance

• Expecting robust revenue and profit growth for full-year 2025, supported by Hong Kong ePension, core wealth management, and iFAST Global Bank's first full year of profitability.

• Directors expect FY2025 total dividends of at least 8.20 cents per share, 39% above FY2024.

• Double-digit year-on-year growth guidance for Hong Kong business remains unchanged.

• eMPF onboarding of trustees to complete in early 2026, with continued revenue growth expected, though at a lower rate post-onboarding.

• Targeting $100 billion AUA by 2028-2030, with continued scaling of the wealth management platform and digital bank.