$Singtel(Z74.SI)$ It looks like the end of ab uptrend mode turning into bearish reversal mode!
FOR THE SECOND HALF YEAR ENDED 31 MARCH 2026
Operating revenue, EBITDA and OpCo EBIT1 rose 2.7%, 1.1% and 4.7%
respectively, driven mainly by NCS, Digital InfraCo and Optus.
Associates’ post-tax profit contributions rose 11%. Excluding Intouch2 and
in constant currency terms3, the associates’ post-tax contributions would
have risen 26% due to strong performances from Airtel, AIS and Globe.
Underlying net profit increased 11%.
A net exceptional gain of S$787 million was recorded, primarily from the
sale of a partial stake in Airtel.
Net profit after net exceptional gain amounted to S$2.20 billion.
Free cash flow was down 16% on lower operating cash, partially offset by
lower capital expenditure. Excluding a special dividend from Intouch in the
last corresponding period, free cash flow would have declined 2.4%.
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2026
Operating revenue remained stable, while EBITDA and OpCo EBIT1 were
up 1.5% and 8.9% respectively, driven mainly by NCS and Optus.
Associates’ post-tax profit contributions increased 10%. Excluding
Intouch2 and in constant currency terms3, the associates’ post-tax
contributions would have risen 25%, led by Airtel and AIS.
Underlying net profit rose 12% to S$2.77 billion.
With a higher net exceptional gain, net profit increased 40% to S$5.61
billion.
Free cash flow declined 1.5%, mainly due to higher capital expenditure
partially offset by higher operating cash. Excluding dividends received from
Intouch in the last corresponding period, free cash flow would have grown
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