- Singtel’s FY25 results were in line. The new S$2bn share buyback programme is EPS accretive and adds to the group’s strong capital management narrative with a higher capital recycling target unveiled.
- - Read this at SGinvestors.io -
FY25 Broadly in line.
- 4QFY25 core earnings of S$600m (-12% q-o-q, +4% y-o-y) brought FY25 core earnings to S$2.47bn (+9% y-o-y, +11% on constant currency), at 98% and 96% of our and consensus’ estimates. This was largely driven by the solid Optus and NCS EBIT growth of 55% and 39% y-o-y and Airtel’s stellar performance.
- Cost savings of S$250m across both Singapore operations and Optus brought cumulative savings to S$400m, at two-thirds of the 3-year target of S$600m in cost-outs.
- - Read this at SGinvestors.io -
Singapore operations stable; Optus repricing effect flowing through base; Airtel on a roll.
- Read more at SGinvestors.io.
