Singtel - OCBC Investment Research 2025-05-27: Stepping Up On Capital Management

Singtel: Stepping Up On Capital Management

Published:
Singtel (SGX:Z74) | SGinvestors.io
  • Singtel’s 2HFY25 (financial year ended 31 Mar 2025) operating revenue increased marginally by 0.8% y-o-y to S$7.2b. EBITDA rose 1.9% y-o-y to S$1.8b while EBITDA margin was stable at 25.8% (vs. 25.5% in 2HFY24).
  • - Read this at SGinvestors.io -

A good ending to FY25.

  • With a net exceptional gain of S$1.5b (mainly from a gain from the partial disposal of Comcentre property and share of Airtel’s gains), compared to a net exceptional loss in the last corresponding period, a PATMI of S$2.8b was recorded.
  • On an underlying basis, PATMI increased 12.3% y-o-y to S$1.3b in 2HFY25. For the full-year, Singtel's EBITDA grew 5.4% y-o-y to S$3.8b after declining for six years.
  • - Read this at SGinvestors.io -

FY25 dividend per share increased 13.3% y-o-y.

  • A final dividend of 10 Singapore cents was declared (core: 6.7 Singapore cents; value realisation dividend: 3.3 Singapore cents). See Singtel's dividend payout date.
  • Together with an interim dividend of 7.0 Singapore cents, this brings FY25 dividend to 17.0 Singapore cents, up 13.3% y-o-y, in-line with our expectations.

Improving operating trends.

  • Read more at SGinvestors.io.



Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.



OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2025-05-27



Previous report by OCBC:
2025-02-20 Singtel - Positive Guidance Revisions.

Price targets by 4 other brokers at Singtel Target Prices.

Listing of research reports at Singtel Analyst Reports.

Relevant links:
Singtel Share Price History,
Singtel Announcements,
Singtel Dividend Payout Dates & Corporate Actions,
Singtel News






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