For the second quarter of the year, the group’s revenue grew 28.3% y-o-y to $120.24 million, and net revenue grew 30.4% y-o-y to $80.05 million.
For the first half of the year, group revenue grew 26.4% y-o-y to $227.16 million, while net revenue grew 23.7% y-o-y to $147.76 million.
As at June 30, iFast’s group’s asset under administration (AUA) grew to another record high of $27.20 billion, up 21.6% y-o-y, while net inflows stood at an all time high of $1.29 billion in 2QFY2025.
The group’s net inflows stood at a record $2.23 billion in 1HFY2025 and net inflows for the Singapore operations were also at a record high in 2QFY2025 and 1HFY2025.
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Similarly, unit trust subscriptions in 2QFY2025 ($2.32 billion) and 1HFY2025 ($4.59 billion) were at a record high level. The group’s number of customer accounts crossed 1 million as at June 30, 2025.
iFast says that the increase in 2QFY2025 profitability was driven by growth in the Hong Kong ePension business, a turnaround of iFAST Global Bank as well as continuing growth in the group’s core wealth management platform business.
The group says it expects to see stronger performance in 2HFY2025. The ePension division is expected to improve as the onboarding of the eMPF business continues to progress.
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Meanwhile, the group says that iFAST Global Bank continues its profitable growth path, following the initial quarter of profitability in 4QFY2024. Overall for 1HFY2025, profit was at $1.70 million, compared to a loss of $3.85 million in 1HFY2024.
iFAST Global Bank is expected to build upon its progress and achieve a full year of profitability in 2025, says the group.
The group’s return on equity in 1HFY2025 stood at 24.6%. Cash and cash equivalents as at end 2QFY2025 stood at $821.84 million.
For the second interim dividend for FY2025, the directors have proposed a dividend of 2 cents per ordinary share, a 33.3% y-o-y increase from the second interim dividend of 2024.
The directors expect to propose a total dividend of 8 cents per ordinary share, a 35.6% y-o-y increase from FY2024.
Shares in iFAST closed 26 cents lower or 3.385% down at $7.42 on July 25.
