IFS Capital (I49) H2 2025 earnings summary

Executive summary

• FY2025 net operating income rose 32.8% to S$38.65 million; profit before tax was S$8.74 million and net profit after tax was S$6.36 million, up 71.5% YoY.

• Lending assets grew 4% to S$468 million, while the proposed first and final dividend increased 60% YoY to 0.80 Singapore cents per share.

Financial highlights

• Net operating income reached S$38.65 million, up 32.8% YoY; FY2025 profit before tax was S$8.74 million and net profit after tax was S$6.36 million.

• Private credit profit before tax was S$10.5 million versus S$10.1 million in 2024, after S$4.2 million of non-performing loan provisions versus S$0.7 million in 2024.

Outlook and guidance

• The stated approach is to maintain a more prudent posture amid high market uncertainty while growing the business.

• Strategy continues to integrate private credit, asset management and insurance; centralized technology, product, marketing and operations are intended to improve efficiency and scale capabilities across markets.