iFAST (SGX:AIY)'s 1Q26 revenue for iFAST rose 44.5% y-o-y to S$154.5mil while net profit increased 47.5% y-o-y to S$28.0mil, with revenue and earnings representing approximately 25% and 22% of our FY26F forecasts respectively, broadly in line with expectations.
Platform scale and pension strength drive another quarter of strong growth.
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Assets under administration (AUA) reached another record S$32.64bn (+27.1% y-o-y) as at end-March 2026, despite heightened market volatility stemming from geopolitical tensions in Iran and fluctuating energy prices. Growth remained broad-based across markets, with Singapore continuing to anchor overall platform expansion. Net inflows stayed healthy at S$1.25bn in 1Q26, up from S$0.94bn in 1Q25.
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The board declared an interim dividend of 2.50 cents per share, up from 1.60 cents in 1Q25, and continues to signal confidence in cash flow visibility, with FY26 total dividends expected to reach 10.50 cents per share, implying a payout ratio of at least 25%, broadly consistent with FY25.
Growth runway intact as platform continues to scale.
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Above is an excerpt from a report by DBS Group Research. Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
