Singapore Telecommunications Ltd., or Singtel Group (Z74.SI,SGAPY,Z77.SI) reported Thursday higher profit in fiscal 2026, mainly benefited by a gain from stake sale, amid slightly higher revenues. Further, the company lifted annual dividend.
Looking ahead, the company said it is taking a more cautious near-term outlook, with EBIT growth expected to be between low and mid-single digits due to the Middle East uncertainty.
Total capital expenditure is projected to be around S$3.0 billion. Core capital expenditure is expected to remain stable at around S$1.8 billion. An additional S$1.2 billion will primarily be invested in data centres.
In Singapore, the shares were trading at S$4.7500, down 5.4 percent.
In the full year, net profit attributable to shareholders grew 40 percent to S$5.61 billion from last year's S$4.02 billion. Earnings per share were 33.62 cents, up from 23.92 cents a year ago.
The improvement in result reflected a net exceptional gain of S$2.84 billion mainly from stake sales in Airtel, which was partly offset by various provisions largely from Australia.
Underlying net profit grew 12 percent year-over-year to S$2.77 billion, driven mainly by regional associates Airtel and AIS and operating companies NCS, Digital InfraCo and Optus.
Profit on operating activities increased to S$4.58 billion from S$2.37 billion a year ago.
Both EBITDA and operating company EBIT rose 2 percent and 9 percent, respectively, due to the robust performances of NCS, Digital InfraCo and Optus.
Operating revenue was S$14.26 billion, slightly higher than S$14.15 billion a year earlier.
Further, the Directors have proposed a final one-tier tax exempt ordinary dividend of 10.3 cents per share, consisting of a core dividend of 7.0 cents per share; and a value realisation dividend of 3.3 cents per share.
The aggregate ordinary dividends for the year ended March 31, 2026 would increase by 9 percent from last year to 18.5 cents per share.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.