To The Moon

$Singtel(Z74.SI)$  

 Singtel Group raises EBIT guidance as underlying profit up 10% to S$1.49 billion.

Interim dividend of 9 cents. I think another sets of financial numbers. Singtel Group’s underlying net profit grew 10% to S$1.49 billion

for the first half of the year with higher EBIT contributions from NCS, Digital InfraCo and Optus and

profits from regional associates Airtel and AIS as well as a first-time dividend from Gulf Development1

. Underlying net profit would have risen 16% without the foreign currency impact of S$75 million.

Net profit was 55% lower at S$1.54 billion mainly due to S$2.21 billion in net exceptional gains from the partial stake sale in Airtel and the Intouch-Gulf Energy merger in the corresponding period last year. Operating revenue rose 6% to S$7.29 billion while EBITDA and OpCo EBIT increased 8% and 9% to S$2.15 billion and S$0.90 billion respectively, lifted by healthy growth by NCS, DigitalInfraCo and Optus.

Strong performance

• 10% increase in underlying net profit driven by healthy growth from NCS, Digital InfraCo and Optus and higher profits from regional associates Airtel and AIS

• Mobile service revenue improved steadily for Optus; Singtel Singapore saw two consecutive

quarters of mobile service revenue growth

• Net profit lower by 55% due to S$2.21 billion of net exceptional gains from partial stake sale in

Airtel and Intouch-Gulf Energy merger in H1FY26

• OpCo EBIT growth guidance raised to between mid and high single digits

Good progress on digital infrastructure transformation

• Singtel placed among top regional DC platforms with completion of STT GDC acquisition

• Healthy growth in EBITDA as Group pursues sustainable expansion

Recognised for AI Leadership and Innovation

• NCS and Singtel Singapore named “Champions of AI” in Singapore among two dozen companies

• Singtel Singapore named IDC APAC winner for “Best artificial and generative intelligence”

Continued focus on shareholder value creation amidst volatility

• Interim dividend (core and value realisation) per share of 9 cents, up 10%

• Executed 50% of S$2 billion value realisation share buyback programme

• Strong free cashflow generation; Healthy balance sheet with cash balance of over S$3 billion

• Credit rating upgraded to A+ by S&P Global Rating