iFAST Corporation | Financial Performance

Financial Performance

Financial Years Ended 31 December 2021, 2022, 2023 and the First Quarter of 2025 Ended 31 March 2025

Financial Performance

	FY2021	FY2022	FY2023⁽²⁾	FY2024⁽²⁾	1Q2025⁽²⁾
For the Year/Period (S$ Million)
Total net revenue⁽⁵⁾	113.91	118.24	161.66	248.38	67.72
Profit before tax	35.82	15.96⁽³⁾	36.58	83.16	23.34
Profit after tax	30.41	10.55⁽³⁾	27.01	65.96	19.00
Net profit attributable to owners of the Company	30.63	11.62⁽³⁾	28.27	66.63	19.04

Net Revenue⁽⁵⁾
Recurring net revenue	79.38	83.86	131.94	210.98	55.18
Non-recurring net revenue	34.53	34.38	29.72	37.40	12.54
Total net revenue⁽⁵⁾	113.91	118.24	161.66	248.38	67.72

Per Share
Earnings per share (cents)	11.10	3.97⁽³⁾	9.59	22.39	6.37
Dividend per share (cents)	4.80	4.80	4.80	5.90	1.60

Financial Ratios
Profit before tax margin (based on net revenue)	31.6%	13.5%⁽³⁾	22.6%	33.5%	34.5%
Return on equity (per annum)⁽¹⁾	25.8%	5.0%⁽³⁾^,⁽⁴⁾	12.2%	23.4%	23.1%

Financial Position and Operating Cashflows

	FY2021	FY2022	FY2023⁽²⁾	FY2024⁽²⁾	1Q2025⁽²⁾
At Year/Period End (S$ Million)
Non-current assets	70.21	130.41	165.68	272.05	300.98
Net current assets	68.03	108.45	110.66	170.31	218.38
Non-current liabilities	(10.61)	(8.15)	(18.97)	(127.39)⁽⁶⁾	(181.05)⁽⁶⁾
Net assets	127.63	230.71	257.37	314.98	338.31

Shareholders' equity	128.65	222.49	250.20	316.79	340.16

Net cash from operating activities	46.53	47.40	273.45	671.28	95.24

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.