iFast climbs 10% after strong Q2 net profit

[SINGAPORE] Shares of iFast soared 8.76 per cent on market open on Jul 28 after the digital bank and wealth management platform reported a strong Q2 net profit on Friday (Jul 25).

As at 9:02am, shares soared to an intraday high of S$8.160, with 986.6 thousand shares changing hands. This was 9.97 per cent or S$0.74 higher than the previous closing price of S$7.42.

By 10:18am, shares were trading at S$8.090, still up 9.03 per cent, with 40.4 thousand shares transacted.

The company reported a 37.9 per cent increase in net profit for the second quarter of the 2025 financial year on Friday, up to S$22.1 million from S$16 million in the same period last year.

Earnings per share were up to S$0.0731 from S$0.0538 for the corresponding period.