iFAST Corporation | Financial Performance

Financial Performance

Financial Years Ended 31 December 2020, 2021, 2022, 2023 and the Financial Period Ended 30 September 2024

Financial Performance

	FY2020	FY2021	FY2022⁽²⁾	FY2023⁽²⁾	9M2024⁽²⁾
For the Year/Period (S$ Million)
Total net revenue⁽⁵⁾	86.64	113.91	118.24	161.66	183.48
Profit before tax	25.39	35.82	15.96⁽³⁾	36.58	59.02
Profit after tax	20.96	30.41	10.55⁽³⁾	27.01	46.72
Net profit attributable to owners of the Company	21.15	30.63	11.62⁽³⁾	28.27	47.35

Net Revenue⁽⁵⁾
Recurring net revenue	61.17	79.38	83.86	131.94	156.84
Non-recurring net revenue	25.47	34.53	34.38	29.72	26.64
Total net revenue⁽⁵⁾	86.64	113.91	118.24	161.66	183.48

Per Share
Earnings per share (cents)	7.80	11.10	3.97⁽³⁾	9.59	15.92
Dividend per share (cents)	3.30	4.80	4.80	4.80	4.30

Financial Ratios
Profit before tax margin (based on net revenue)	29.6%	31.6%	13.5%⁽³⁾	22.6%	32.2%
Return on equity (per annum)⁽¹⁾	21.8%	25.8%	5.0%⁽³⁾^,⁽⁴⁾	12.2%	19.9%

Financial Position and Operating Cashflows

	FY2020	FY2021	FY2022⁽²⁾	FY2023⁽²⁾	9M2024⁽²⁾
At Year/Period End (S$ Million)
Non-current assets	59.68	70.21	130.41	165.68	276.15
Net current assets	58.35	68.03	108.45	110.66	136.85
Non-current liabilities	(14.63)	(10.61)	(8.15)	(18.97)	(119.55)⁽⁶⁾
Net assets	103.40	127.63	230.71	257.37	293.45

Shareholders' equity	104.11	128.65	222.49	250.20	295.22

Net cash from operating activities	41.56	46.53	47.40	273.45	471.94

Notes:

(1) Return on equity is calculated based on the average of the month-end shareholders' equity for the respective year or period.
(2) Includes the new banking operation from end of March 2022.
(3) Excluding impairment loss of S$5.2 million related to India Business recognised in Jun 2022.
(4) The Group conducted a S$103 million share placement exercise in January 2022.
(5) Including net interest revenue.
(6) The Group issued S$100 million of 5-year fixed rate debt in June 2024.