Sing Investments & Finance FY2025 net profit hits record S$42.3m, up 16%, as NIM widens to 2.27% and loan book grows 4%
Summary:
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Full-year net profit after tax rose 16% to S$42.3 million, driven by a 19% jump in total income to S$85.6 million despite S$4.5 million of credit allowances booked amid macro uncertainties.
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Net interest income grew 16% to S$75.3 million as lower deposit costs more than offset softer asset yields, expanding net interest margin by 28 bps to 2.27%; non-interest income surged 41% on stronger fees, commissions and rental income.
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Customer loans increased 4% to a record S$2.79 billion while the loans-to-deposits ratio rose to 94.2%; the NPL ratio remained low at 0.4% and the capital adequacy ratio was a healthy 15.2%, 3.2 percentage points above the regulatory minimum.
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Total assets grew 2% to S$3.50 billion and equity climbed 8% to S$496.1 million, lifting NAV per share to S$2.10, supported by S$8.8 million of FVOCI gains on bonds and equities as yields fell and markets recovered.
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The Board is recommending a first and final tax-exempt cash dividend of 7.5 cents per share (up from 6.5 cents), implying a payout of about S$17.7 million, as the group maintains strong capital and liquidity while guiding to a cautious 2026 outlook amid lingering trade and geopolitical risks.