With the earnings season in full swing, investors should be carefully scrutinising companies’ financial statements to see which businesses have done well.
Those that reported higher revenue and earnings deserve a pat on the back for achieving this feat despite the macroeconomic challenges.
Along the way, these stocks have also declared higher dividends that should put a broad smile on the face of income investors.
Here are four Singapore companies that declared higher dividends this earnings season.
SIA Engineering (SGX: S59)
SIA Engineering, or SIAEC, is a maintenance, repair and overhaul (MRO) specialist for airlines.
The group also performs line and base maintenance checks for aircraft.
SIAEC reported a robust set of earnings for its fiscal 2025 (FY2025) ending 31 March 2025.
Group revenue rose 13.8% year on year to S$1.2 billion, led by healthy growth in demand for MRO services.
Operating profit shot up more than sixfold year on year from S$2.3 million to S$14.6 million.
The MRO specialist saw a 17.4% year-on-year jump in the share of profits from associates and joint ventures, helping net profit to surge 43.8% year on year to S$139.6 million.
A final dividend of S$0.07 was declared, taking the total dividend for FY2025 to S$0.09, up one cent from the prior fiscal year.
The group remains focused on three areas to drive long-term sustainable growth in financial performance – expanding its geographical footprint across Asia, scaling its capacity and continuously developing MRO capabilities for new-generation aircraft.
Another goal is to strengthen its core business to deliver greater value and become the MRO of choice to its customers.
The MRO market continues to see healthy demand, but management warns that Trump’s tariffs may have unforeseen second and third-order effects in the future.
DBS Group (SGX: D05)
DBS is Singapore’s largest bank by market capitalisation, offering a comprehensive range of banking, insurance, and investment services to its customers.
The lender reported a solid set of earnings for the first quarter of 2025 (1Q 2025).
Commercial book net interest income rose 2% year on year to S$3.7 billion while net fee and commission income climbed 22% year on year to S$1.3 billion.
As a result, total income climbed 6% year on year to S$5.9 billion.
Net profit dipped slightly by 2% year on year to S$2.9 billion because of a global minimum tax rate of 15%.
In line with the good results, DBS declared an interim dividend of S$0.60 and a capital return dividend of S$0.15 to manage down its excess capital.
The S$0.75 total dividend was higher than the previous year’s interim dividend of S$0.54.
The bank identified global challenges arising from Trump’s tariffs, such as trade disruptions, global growth slowdown, and interest rate uncertainty.
However, opportunities have also opened up for DBS with new growth corridors and sectors.
The lender also sees continued wealth inflows, and its current account savings account (CASA) will grow should rates fall.
NetLink NBN Trust (SGX: CJLU)
NetLink NBN Trust designs, builds, owns and operates the passive fibre network infrastructure for Singapore’s Nationwide Broadband Network (NBN).
For the fiscal year 2025 (FY2025) ending 31 March 2025, revenue dipped by 1% year on year to S$407 million.
Net profit fell by 7.6% year on year to S$95.4 million, but attributable distributions inched up 1.2% year on year to S$208.9 million.
As a result, distribution per unit rose 1.1% year on year to S$0.0536.
The business continued to see residential fibre connections growing, going from 1,506,997 in FY2024 to 1,523,725 in FY2025.
Non-building address points (NBAP) also rose from 2,979 to 3,241 over the same period.
The launch of Singapore’s Smart Nation 2.0 in October last year bodes well for NetLink NBN Trust as it is well-positioned to play a pivotal role in this transformation.
Management will continue to explore investment opportunities in telecommunications and infrastructure-related businesses.
iFAST Corporation Limited (SGX: AIY)
iFAST Corporation Limited is a financial technology operating a platform for the buying and selling of unit trusts, equities, and bonds.
The group also has a digital bank division offering personal and corporate banking, along with remittance services.
1Q 2025 saw the fintech report net revenue growth of 16.5% year on year to S$67.7 million.
Operating profit climbed 29% year on year to S$23.8 million while net profit surged 31.2% year on year to S$19 million.
iFAST’s assets under administration also increased by 22% year on year to a new record of S$25.68 billion as of 31 March 2025, aided by net inflows of S$938 million despite volatile market conditions.
The fintech increased its interim dividend from S$0.013 to S$0.016.
For 2025, iFAST expects to achieve healthy growth across its various business divisions.
Back in March, the digital bank’s digital personal banking division launched new services to help deepen engagement with UK customers.
Earlier this month, iFAST announced that it received a trust business licence in Singapore, which will enable the group to launch a global trust platform for legacy and wealth planning.
Want to pave your child’s road to being a millionaire? Start today so they shield their money from pricey hawker meals and sky-high HDB costs. The first step is to set aside money to invest in dividend stocks. The second step is to grab a copy of our latest FREE report. Inside, we show you the secrets to investing for your children, including 3 SGX stocks to consider today for a wealthier future. Click HERE to download a copy now.
Follow us on Facebook and Telegram for the latest investing news and analyses!
Disclosure: Royston Yang owns shares of DBS Group, NetLink NBN Trust and iFAST Corporation Limited.
