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New Straits Times
22-05-2025
- Business
- New Straits Times
SingTel posts 9pct annual profit rise, unveils US$1.5 billion buyback plan
KUALA LUMPUR: Singapore Telecommunications reported a 9 per cent rise in annual profit on Thursday, driven by solid performances from its Optus unit and regional associate Airtel, and announced a S$2 billion (US$1.55 billion) share buyback over the next three years. SingTel, Southeast Asia's largest telecom firm, said its underlying net profit for the full year ended March 31 was S$2.47 billion, up from S$2.26 billion a year earlier, but slightly below the Visible Alpha consensus estimate of S$2.56 billion. Optus reported a 5.7 per cent growth in full-year earnings due to improved core mobile performance. Post-tax contributions from the company's associates grew 13 per cent, mainly driven by India's Bharti Airtel, which nearly doubled its quarterly profit on higher tariffs and subscriber growth. "Notwithstanding the company's encouraging performance, macroeconomic and geopolitical uncertainties caused by volatility in tariff policies persist," CEO Yuen Kuan Moon said in a statement. While tariffs have no direct impact on the company's business, which is primarily in services, the trade conflict could affect it indirectly through softer consumer and business sentiment, SingTel said. The telecoms firm expects earnings before interest and taxes (EBIT), excluding contributions from associates, to grow in high-single digits in fiscal 2026. Its EBIT grew 20 per cent in fiscal year 2025. After selling a 1.2 per cent stake in Airtel for S$2 billion last week, SingTel said it has surpassed half of its S$6 billion mid-term asset recycling target and has now raised the goal to S$9 billion. "The progress we've made in our ongoing capital management puts us in a position to return more to shareholders," CEO Moon said. The company declared a final dividend of 10 Singapore cents per share, higher than 9.8 cents declared last year.
Time of India
22-05-2025
- Business
- Time of India
SingTel posts 9% annual profit rise, unveils $1.5 billion buyback plan
Singapore Telecommunications reported a 9% rise in annual profit on Thursday, driven by solid performances from its Optus unit and regional associate Airtel , and announced a S$2 billion ($1.55 billion) share buyback over the next three years. SingTel , Southeast Asia 's largest telecom firm, said its underlying net profit for the full year ended March 31 was S$2.47 billion, up from S$2.26 billion a year earlier, but slightly below the Visible Alpha consensus estimate of S$2.56 billion. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Optus reported a 5.7% growth in full-year earnings due to improved core mobile performance. Post-tax contributions from the company's associates grew 13%, mainly driven by India's Bharti Airtel , which nearly doubled its quarterly profit on higher tariffs and subscriber growth. "Notwithstanding the company's encouraging performance, macroeconomic and geopolitical uncertainties caused by volatility in tariff policies persist," CEO Yuen Kuan Moon said in a statement. Live Events While tariffs have no direct impact on the company's business, which is primarily in services, the trade conflict could affect it indirectly through softer consumer and business sentiment, SingTel said. The telecoms firm expects earnings before interest and taxes (EBIT), excluding contributions from associates, to grow in high-single digits in fiscal 2026. Its EBIT grew 20% in fiscal year 2025. After selling a 1.2% stake in Airtel for S$2 billion last week, SingTel said it has surpassed half of its S$6 billion mid-term asset recycling target and has now raised the goal to S$9 billion. "The progress we've made in our ongoing capital management puts us in a position to return more to shareholders," CEO Moon said. The company declared a final dividend of 10 Singapore cents per share, higher than 9.8 cents declared last year. ($1 = 1.2899 Singapore dollars)
The Star
22-05-2025
- Business
- The Star
SingTel posts 9% annual profit rise, unveils US$1.5 billion buyback plan
FILE PHOTO: A Singtel booth is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. REUTERS/Anshuman Daga/File Photo SINGAPORE Telecommunications reported a 9% rise in annual profit on Thursday, driven by solid performances from its Optus unit and regional associate Airtel, and announced a S$2 billion ($1.55 billion) share buyback over the next three years. SingTel, Southeast Asia's largest telecom firm, said its underlying net profit for the full year ended March 31 was S$2.47 billion, up from S$2.26 billion a year earlier, but slightly below the Visible Alpha consensus estimate of S$2.56 billion. Optus reported a 5.7% growth in full-year earnings due to improved core mobile performance. Post-tax contributions from the company's associates grew 13%, mainly driven by India's Bharti Airtel, which nearly doubled its quarterly profit on higher tariffs and subscriber growth. "Notwithstanding the company's encouraging performance, macroeconomic and geopolitical uncertainties caused by volatility in tariff policies persist," CEO Yuen Kuan Moon said in a statement. While tariffs have no direct impact on the company's business, which is primarily in services, the trade conflict could affect it indirectly through softer consumer and business sentiment, SingTel said. The telecoms firm expects earnings before interest and taxes (EBIT), excluding contributions from associates, to grow in high-single digits in fiscal 2026. Its EBIT grew 20% in fiscal year 2025. After selling a 1.2% stake in Airtel for S$2 billion last week, SingTel said it has surpassed half of its S$6 billion mid-term asset recycling target and has now raised the goal to S$9 billion. "The progress we've made in our ongoing capital management puts us in a position to return more to shareholders," CEO Moon said. The company declared a final dividend of 10 Singapore cents per share, higher than 9.8 cents declared last year. ($1 = 1.2899 Singapore dollars) - Reuters
Yahoo
19-02-2025
- Business
- Yahoo
SingTel third-quarter net profit rises 22%
(Reuters) - Singapore Telecommunications reported a 22% rise in its third-quarter underlying net profit on Wednesday, boosted by strong contributions from its Australian telecom unit Optus. Revenue from Australian telecom unit Optus, the company's top revenue generator, rose 3% to S$1.86 billion ($1.39 billion). The company also benefited from the strong performance of India's Bharti Airtel, which reported a nearly sixfold jump in consolidated third-quarter net profit, helped by a one-time gain and as tariff hikes continued to boost its per-user revenue. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. SingTel holds an effective equity interest of 28.7% in Airtel. "We remain optimistic about Asia's long-term growth potential and continue to see strong demand for digitalisation and the digital infrastructure that underpins it," Group CEO Yuen Kuan Moon, said. Southeast Asia's largest telecom firm said its underlying net profit for the quarter ended December 31 was S$680 million, compared with S$559 million a year earlier. That was largely in line with the Visible Alpha consensus of S$678.8 million. SingTel added it expects to pay a total ordinary dividend of around 16.5 Singapore cents per share and forecasts a total capital expenditure of around S$2.8 billion for fiscal 2025. ($1 = 1.3418 Singapore dollars)
