iFast Corporation posts $26.1m net profit in Q3

The bank credits growth on its unit trust, wealth management, and ePension platforms.

iFAST Corporation Ltd. recorded $26.1m in net profit in the third quarter of 2025, citing its $30.62b assets under administration (AUA) from the company’s wealth management markets in Singapore, Hong Kong, Malaysia, and China.

“AUA in Singapore, Hong Kong, Malaysia, and China grew by 28.7%, 25.0%, 17.5% and 61.7% YoY (year-on-year), respectively,” iFast Corp. said in its financial statement for Q32025 ended 30 September 2025.  

AUA for unit trusts, bonds, stocks and ETFs, and cash accounts and deposits grew by 21.3%, 24.6%, 44.7%, and 63.5% YoY, respectively, it added. 

Singapore continued to be the main AUA contributor, as the financial service’s business-to-business (B2B) division there achieved record-high AUA, up 25.8% YoY and 10.6% quarter-on-quarter (QoQ).

The firm’s net profit for the period increased by 54.7% YoY to $26.01m, driven by profitability in its Hong Kong ePension business, wealth management platform, and the first year of profitability of iFAST Global Bank.  

Overall, the company’s gross revenue increased by 37% YoY $135.82m during Q32025.

For FY2025, iFast directors expect to propose total dividends of 8.20 cents per ordinary share or higher, or at least a 39.0% YoY increase from FY2024.

The financial service expects further growth with its iFast Bridge digital banking and investment platform that boasts quick money transfers and multiple payment rails to users.