It’s not every day a Singapore-listed fintech crosses the S$100 million net profit mark for the first time.
But when it happens because three growth engines are firing in unison, dividend investors should sit up and pay attention — especially when management is guiding for at least a 25% increase in dividends for 2026.
Here are five things to know about iFAST Corporation Limited‘s (SGX: AIY) landmark 2025 results.
1. Net profit crosses S$100 million for the first time
The fintech delivered a landmark year, with net profit surging 50.1% year on year (YoY) to S$100 million.
It was the first time the group crossed the century mark.
The fourth quarter of 2025 (4Q2025) alone saw net profit leap 70.4% YoY to S$32.9 million, marking its strongest quarter on record.
Revenue growth was broad-based too, with net revenue climbing 36.7% to S$339.6 million for the full year.
Operating profit rose 43.3% to S$121.2 million.
For context, this is a company that was earning just S$21.2 million in net profit back in 2020.
In just five years, earnings have grown nearly fivefold.
2. Assets under administration hit a record S$32 billion
Behind the profit surge is a powerful flywheel: more assets attracting more investors, generating more fees.
Assets under administration (AUA) hit a fresh record of S$31.98 billion, up 27.9% YoY.
Net inflows also reached a record S$4.72 billion, a 43.1% jump that speaks to the platform’s growing pull with both retail investors and financial advisers.
All four geographic markets — Singapore, Hong Kong, Malaysia, and China — saw AUA reach new record highs, underscoring the broad-based nature of the growth.
Management is not resting on its laurels.
The group has set a target of S$100 billion in AUA by 2030, implying a compound annual growth rate (CAGR) of 25.6% over the next five years.
That’s an ambitious target, and execution risk remains a factor to watch.
3. Hong Kong ePension continues to deliver
Hong Kong remained the powerhouse for the group, with the overall Hong Kong business — encompassing both wealth management and ePension — generating net revenue of HK$1 billion for 2025.
Profit before tax for the Hong Kong business came in at HK$402 million, a 30.3% YoY increase that exceeded the group’s earlier target of more than HK$380 million.
For 2026, the group is targeting double-digit growth in both revenues and profitability for the overall Hong Kong business.
The ORSO pension administration business is expected to start contributing in the second half of 2026, while the Macau ePension business is slated for substantial growth.
4. UK digital bank turns profitable for the first time
A significant milestone came from the group’s UK-based digital bank, which achieved its first full year of profitability after swinging from a loss of S$4.4 million in 2024 to a profit of S$3.1 million in 2025.
Customer deposits grew 55.2% YoY to S$1.57 billion, providing a robust funding base for expanding lending and investment activities.
The bank also rolled out a debit card and a flexible cash ISA in early 2025 to deepen engagement with UK customers.
While the turnaround is encouraging, the bank’s contribution to group profits remains modest.
Investors should watch whether this nascent business can scale meaningfully in the years ahead.
5. Dividend raised 42% — with bold guidance for 2026
For dividend investors, the headline number is hard to miss: total dividends for 2025 rose 42.4% YoY to S$0.084 per share, up from S$0.059 in 2024.
More importantly, management has guided for total dividends of at least S$0.105 per share for 2026 — representing a minimum 25% increase from the 2025 payout.
Based on a recent share price of S$8.53, the forward dividend yield comes in at approximately 1.2%.
The group also ended 2025 with a strong net cash position of S$611.2 million, providing a solid financial cushion to support its dividend ambitions alongside ongoing investments in growth.
Get Smart: The Power of a Multi-Engine Growth Story
What makes iFAST compelling for dividend investors isn’t just the 42.4% dividend increase — it’s the fact that the payout is backed by three distinct growth engines, each contributing at different stages of maturity.
When a company’s dividend growth is driven by diversified sources of earnings rather than a single business line, it gives investors greater confidence that the payout can be sustained and grown over time.
The key question now is whether management can deliver on its ambitious targets for 2026 and beyond.
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Disclosure: The Smart Investor owns shares of iFAST.
