MAS posts $19.7b net profit in FY2024/25 

This was driven by strong investment gains of $31.4b.

The Monetary Authority of Singapore (MAS) reported a net profit of $19.7b for the financial year ended 31 March 2025.

This was driven by strong investment gains of $31.4b, partially offset by a negative currency translation effect of $3.4b and net costs of $8.3b from money market operations and other expenses.

MAS Managing Director Chia Der Jiun, speaking at the MAS Annual Report 2024/2025 Media Conference, said global markets performed well over the year, with healthy returns across all asset classes in both developed and emerging markets.

He noted that investment returns are subject to year-to-year volatility, but MAS recorded an average annual investment gain of $14.8b over the past decade.

The $3.4b currency translation loss was mainly due to the strengthening of the Singapore Dollar against the US Dollar.

Chia said that such translation effects are accounting in nature and do not affect MAS’s ability to conduct monetary policy or ensure financial stability.