Singtel Q1 profit soars 317.4% to S$2.9 billion on exceptional gains of S$2.2 billion
These came mainly from the sale of its partial stake in Airtel and the Intouch-Gulf Energy merger
[SINGAPORE] Singtel on Wednesday (Aug 13) posted a higher net profit for its first quarter ended Jun 30, 2025, at S$2.9 billion, up 317.4 per cent from S$690 million in the year-ago period.
The bottom-line growth came on the back of earnings before interest and taxes improvements of its Australian unit Optus and its technology services arm NCS, contributions from its regional associates AIS and Airtel, and the monetisation of its 1.2 per cent stake in Airtel, said the telco in a Q1 business update.
Exceptional gains amounted to S$2.2 billion, primarily from the sale of the partial stake in Airtel and the Intouch-Gulf Energy merger, Singtel said.
Operating revenue was largely stable at S$3.39 billion, compared with S$3.41 billion in the year-ago period.
Looking ahead, the group expects its data centre business to be a “bright spot” for financial year 2026 with the completion of Nxera’s data centres in Thailand and Singapore.
“We remain focused on solid execution and operating discipline to drive sustainable growth,” Singtel said.
Shares of Singtel closed on Tuesday 0.3 per cent or S$0.01 lower at S$3.92.
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