Singapura Finance (S23) H1 2025 earnings summary

Executive summary

• H1 2025 profit after tax rose 20.5% YoY to $3.324m, supported by higher net interest income and a $1.222m net write-back of loan impairment allowances.

• Net loans grew 13.0% from 31 Dec 2024 to $1.1b; customer deposits also increased 13.0% to $1.2b.

Financial highlights

• Interest income and hiring charges increased 8.8% YoY to $28.216m; net interest income rose 18.9% to $13.327m.

• Total income grew 16.0% to $13.631m; non-interest income fell 44.2% to $304k.

• Operating expenses rose 41.3% to $10.895m, including staff costs up 40.6% to $5.934m and other operating expenses up 51.2% to $4.250m.

• Profit from operations before allowances declined 32.2% to $2.736m; the $1.222m net allowance write-back compared with a $715k charge in H1 2024.

• Profit before tax increased 19.1% to $3.958m; profit after tax rose 20.5% to $3.324m, with basic and diluted EPS of 4.19 cents versus 3.48 cents.

Outlook and guidance

• No specific earnings forecast; a cautious outlook reflects geopolitical tensions, potential trade-policy shifts and global instability.

• Growth opportunities will be pursued while remaining vigilant to global geopolitical risks.

• No material unusual event was considered likely to substantially affect results between period-end and the announcement date.