Singapura Finance (S23) H1 2026 earnings summary

Executive summary

• H1 2026 profit after tax rose 76.2% YoY to $5.856m, supported by higher net interest income and lower operating expenses.

• Profit before tax increased 77.0% to $7.007m, despite a $1.157m net impairment charge versus a $1.222m net write-back in H1 2025.

Financial highlights

• Net interest income and hiring charges increased 31.6% to $17.537m; interest expense fell 39.1% to $9.068m.

• Total income rose 33.0% to $18.129m; non-interest income increased 94.7% to $592,000, largely from higher loan processing fees.

• Operating expenses decreased 8.5% to $9.965m; operating profit before allowances rose 198.4% to $8.164m.

• Basic EPS increased to 7.38 cents from 4.19 cents; total comprehensive income fell 11.1% to $6.841m as FVOCI gains declined.

Outlook and guidance

• No H1 dividend was declared or recommended; dividends are paid annually, subject to Board and shareholder review and approval.

• Prudent outlook, pursuing growth opportunities while monitoring potential economic and geopolitical instability.