Singapore, 22 May 2025 – Singtel’s underlying net profit – from which the Group’s core dividends are based – rose 9% to S$2.47 billion for the full year, and would have increased 11% in constant currency terms, driven by robust performances from Optus, NCS and regional associates Airtel and AIS. Net profit was more than five times higher at S$4.02 billion as a result of a net exceptional gain of S$1.55 billion, mainly from the partial divestment of its Comcentre headquarters, compared to a net exceptional loss a year ago. Operating revenue remained steady while EBITDA and EBIT grew 5% and 20% respectively. Optus saw a 55% increase in EBIT from improvements in its mobile business and cost management while NCS’ EBIT jumped 39% with continued improvements in delivery margins and cost optimization.
The Group continues to have a robust balance sheet with a cash balance of S$2.77 billion. Net debt was higher due to spectrum payments in Singapore and Australia. However, almost 90% of debt is locked in at fixed rates while all foreign currency borrowings are hedged with limited US dollar exposure.
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