iFAST Corporation (AIY) Q3 2025 earnings summary

Executive summary

• Net profit for 3Q2025 rose 54.7% year-on-year to S$26.01 million, with 9M2025 net profit up 41.8% to S$67.15 million, driven by record net inflows, strong AUA growth, and a turnaround in the UK banking operation.

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

• Net inflows for 3Q2025 were S$1.49 billion, and for 9M2025, S$3.72 billion, both at record levels and exceeding FY2024 by over 10%.

• iFAST Global Bank achieved four consecutive profitable quarters, with S$2.01 million net profit in 9M2025, and net interest revenue exceeded non-interest income for the first time in 3Q2025.

• Directors proposed a third interim dividend of 2.30 cents per share (+53.3% YoY); FY2025 total dividends expected to be at least 8.20 cents per share (+39.0% YoY).

Financial highlights

• Gross revenue for 9M2025 was S$362.98 million, up 30.2% year-on-year; net revenue was S$237.30 million, up 29.3%; net profit was S$67.15 million, up 41.8%.

• Annualised ROE for 9M2025 reached a record 26.1%.

• Net inflows hit a record S$1.49 billion in 3Q2025, up 83.6% year-on-year; 9M2025 net inflows totaled S$3.72 billion, up 62.2%.

• Basic EPS for 3Q2025 was 8.56 cents; 9M2025 was 22.25 cents.

• Customer deposits at the Bank grew 92.7% YoY to S$1.55 billion at 3Q2025.

Outlook and guidance

• Management expects robust revenue and profit growth for FY2025, supported by Hong Kong ePension, core wealth management, and a full year of bank profitability.

• Directors anticipate total FY2025 dividends of at least 8.20 cents per share, a minimum 39.0% YoY increase.

• 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.

• China segment targeting breakeven by 2027, with ongoing cost control and revenue growth.