iFAST Corporation (AIY) Q4 2025 earnings summary

Executive summary

• Achieved record total revenue of S$514.72 million in FY2025, up 34.4% year-on-year, and net profit of S$100.01 million, up 50.1% year-on-year.

• Q4 2025 revenue grew 45.7% year-on-year to S$151.74 million, with net profit up 70.4% to S$32.86 million.

• Growth driven by Hong Kong ePension, core wealth management, and first full year of profitability for iFAST Global Bank.

• Group assets under administration (AUA) reached a record S$31.98 billion, up 27.9% year-on-year, with net inflows at a record S$4.72 billion.

• Board proposes a final dividend of 2.50 cents per share, total FY2025 dividend of 8.40 cents, up 42.4% year-on-year.

Financial highlights

• FY2025 net revenue was S$339.65 million, up 36.7% year-on-year.

• Operating expenses for FY2025 were S$220.70 million, up 33.2% year-on-year.

• FY2025 EPS was 33.09 cents, up 47.8% year-on-year.

• FY2025 operating cashflows reached S$551.73 million.

• FY2025 EBITDA was S$155.21 million.

Outlook and guidance

• Targeting AUA of S$100 billion by 2030, implying a CAGR of 25.6% or higher.

• Expecting double-digit growth in Hong Kong revenues and profitability in 2026.

• ORSO pension administration to contribute from H2 2026; Macau ePension to show substantial growth.

• FY2026 dividend expected to be at least 10.50 cents per share, 25% higher than FY2025.

• iFAST Global Bank aims to sustain robust growth rates in 2026 and beyond.