Singtel posts $3.4b net profit in H1

It was mainly driven by Airtel sale and Intouch–Gulf merger.

Singtel Group reported a net profit of $3.4b for the first half of the financial year 2025, driven by a $2.05b exceptional gain from the partial sale of Airtel and the Intouch–Gulf merger.

Underlying net profit rose 14% to $1.35b, boosted by strong contributions from regional associates Airtel and AIS, and operating units NCS and Optus.

Regional associates contributed $0.92b, up 12%, with Airtel and AIS posting strong growth. Excluding Intouch and currency effects, contributions would have risen 25%.

The company declared an interim dividend of 8.2 cents per share ($1.35b), up 17% from last year.

With first-half operating company EBIT up 13%, Singtel has raised its full-year guidance. It now expects OpCo EBIT to grow between high single digits and low double digits, despite uncertainties arising from the Optus outage.

Dividends from its regional associates are expected to reach $1.1b, up from $1b in the previous year.

The group reaffirmed its earlier guidance of achieving $200m in cost savings across Singtel Singapore and Optus, and maintaining $2.5b in total capital expenditure, including $0.8b earmarked for data centres, AI, digitalisation, and satellite projects.

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