Singapore Telecommunications ( (SNGNF) ) has released its Q1 earnings. Here is a breakdown of the information Singapore Telecommunications presented to its investors.
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Singapore Telecommunications, commonly known as Singtel, is a major player in the telecommunications industry, providing a wide range of services including mobile, broadband, and digital solutions across Asia and Australia. The company is noted for its significant presence in regional markets through strategic investments in various telecom operators.
In its latest earnings report for the first quarter ending June 30, 2025, Singtel announced a robust financial performance despite currency fluctuations and macroeconomic challenges. The company reported a 14% increase in underlying net profit, driven by strong contributions from its subsidiaries Optus and NCS, as well as regional associates Airtel and AIS.
Key financial metrics highlighted in the report include a stable operating revenue despite a 7% depreciation in the Australian Dollar, with EBITDA and OpCo EBIT increasing by 1.3% and 9.6% respectively. In constant currency terms, these figures would have shown even stronger growth. Exceptional gains of S$2.20 billion were recorded, primarily from the sale of a partial stake in Airtel and the Intouch-Gulf Energy merger, leading to a net profit of S$2.88 billion.
The report also detailed the performance of Singtel’s business segments, with Optus showing significant growth in mobile service revenue and NCS benefiting from increased demand in its Gov+ business. Meanwhile, Singtel Singapore faced challenges in its mobile segment, although it managed to maintain stable overall revenue. The company’s share of regional associates’ post-tax profits rose by 15%, reflecting strong performances from Airtel and AIS.
Looking ahead, Singtel’s management remains optimistic about future growth prospects, particularly in its data center business with upcoming projects in Thailand and Singapore. The company is committed to maintaining operational discipline and capitalizing on its strategic initiatives to drive sustainable growth.