iFAST Corporation | Financial Performance

Financial Performance

Financial Years Ended 31 December 2019, 2020, 2021, 2022 and the Financial Period Ended 31 December 2023

Financial Performance

	FY2019	FY2020	FY2021	FY2022⁽³⁾	FY2023⁽³⁾
For the Year/Period (S$ Million)
Total net revenue⁽⁶⁾	65.91	86.64	113.91	118.24	161.66
Profit before tax	11.07	25.39	35.82	15.96⁽⁴⁾	36.58
Profit after tax	9.31	20.96	30.41	10.55⁽⁴⁾	27.01
Net profit attributable to owners of the Company	9.52	21.15	30.63	11.62⁽⁴⁾	28.27

Net Revenue⁽⁶⁾
Recurring net revenue	53.65	61.17	79.38	83.86	131.94
Non-recurring net revenue	12.26	25.47	34.53	34.38	29.72
Total net revenue⁽⁶⁾	65.91	86.64	113.91	118.24	161.66

Per Share
Earnings per share (cents)	3.55	7.80	11.10	3.97⁽⁴⁾	9.59
Dividend per share (cents)	3.15	3.30	4.80	4.80	4.80

Financial Ratios
Profit before tax margin (based on net revenue)	17.0%	29.6%	31.6%	13.5%⁽⁴⁾	22.6%
Return on equity (per annum)⁽¹⁾	10.9%	21.8%	25.8%	5.0%⁽⁴⁾^,⁽⁵⁾	12.2%

Financial Position and Operating Cashflows

	FY2019⁽²⁾	FY2020	FY2021	FY2022	FY2023
At Year/Period End (S$ Million)
Non-current assets	52.46	59.68	70.21	130.41	165.68
Net current assets	49.86	58.35	68.03	108.45	110.66
Non-current liabilities	(12.68)	(14.63)	(10.61)	(8.15)	(18.97)
Net assets	89.64	103.40	127.63	230.71	257.37

Shareholders' equity	90.06	104.11	128.65	222.49	250.20

Net cash from operating activities	19.38	41.56	46.53	47.40	273.45

Notes:

(1) Return on equity is calculated based on the average of the month-end shareholders' equity for the respective year or period.
(2) Adoption of SFRS(I) 16 Leases with effect from 1 January 2019.
(3) Includes the new banking operation from end of March 2022.
(4) Excluding impairment loss of S$5.2 million related to India Business recognised in Jun 2022.
(5) The Group conducted a S$103 million share placement exercise in January 2022.
(6) Including net interest revenue.