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Singtel (SGX:Z74) reported stable group revenue (+0.8% y-o-y), higher EBITDA (+1.5% y-o-y) and underlying net profit (+12.1% y-o-y), in line with expectations. Key earnings drivers include positive operating leverage among OpCos (mainly NCS and Optus) and healthy associate earnings from Airtel and AIS (+16% y-o-y).
Record dividend payout; on track to deliver its S$9b asset recycling target.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Optus: ARPU uplift and growing prepaid subscribers.
- Read more at SGinvestors.io.
Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.
Chong Lee Len UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-05-22
Previous report by UOB:
2026-02-13 Singtel 9MFY26 - Cost Discipline Drives Margin Expansion.
Price targets by 5 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














