Slide 1: 4Q2025 & FY2025 Results Presentation
iFAST Corporation Ltd. 4Q2025 & FY2025 Results Presentation 12 Feb 2026 1
Slide 2: Disclaimer
Disclaimer This presentation should be read as an overview of iFAST Corporation Ltd.’s (“iFAST Corp” or the “Company”, and together with its subsidiaries, the “Group”) current business activities and operating environment. This presentation should not be solely relied upon by current and potential i
Slide 3: Contents
Contents ▪ Key Summary Pg. 4 ▪ AUA Updates ▪ 4Q2025 (Oct-Dec 2025) & FY2025 (Jan-Dec 2025) Financial Results Pg. 8 Section I Financial Results ▪ Performance by Geographical and Business Segments ▪ Final Dividend FY2025 ▪ 4Q2025 & FY2025 Key Achievements Pg. 20 ▪ iFAST’s Three-Year Plan (2026-2028) S
Slide 4: Key Summary
Key Summary • In FY2025, the Group saw some major milestones as the Group total revenue crossed S$500 million (34.4% YoY increase to S$514.72 million) and Group net profit hit S$100.01 million (50.1% YoY increase). • In 4Q2025, total revenue for the Group grew 45.7% YoY to S$151.74 million and net p
Slide 5: Key Summary
Key Summary • As a global digital banking and wealth management platform, the Group is increasingly looking to make progress with a ‘truly global business model’, which means attracting customers from around the world while operating only from a few key markets. Of particular significance will be th
Slide 6: Group AUA increased 27.9% YoY to Record High of S$31.98 billion
Group AUA increased 27.9% YoY to Record High of S$31.98 billion as at 31 December 2025 S$ million AUA (as at 31 Dec 2025): S$31.98 billion $34,000 $32,000 $30,000 $28,000 $26,000 $24,000 $22,000 $20,000 $18,000 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $- 6 B2B B2C
Slide 7: AUA Breakdown: Markets & Products
AUA Breakdown: Markets & Products (as at 31 December 2025) AUA Breakdown by Markets AUA Breakdown By Products 7.2% 8.6% 11.1% 24.1% 11.4% 56.2% 70.3% 11.1% Singapore Hong Kong Unit Trusts Bonds Malaysia Others (China & UK) Stocks & ETFs Cash Account & Deposits 7
Slide 8: Financial Results
Section I Financial Results 8
Slide 9: Financial Results for Group (4Q2025 vs 4Q2024)
Financial Results for Group (4Q2025 vs 4Q2024) S$ (Million) 4Q2024 4Q2025 YoY change (%) Total revenue 104.14 151.74 +45.7 Total net revenue 64.90 102.35 +57.7 Other income 0.51 0.40 -22.9 Operating expenses 40.90 64.69 +58.2 Interest expenses on lease liabilities 0.39 1.74 +346.2 Share of results o
Slide 10: Financial Results for Group (FY2025 vs FY2024)
Financial Results for Group (FY2025 vs FY2024) S$ (Million) FY2024 FY2025 YoY change (%) Total revenue 382.99 514.72 +34.4 Total net revenue 248.38 339.65 +36.7 Other income 1.86 2.26 +21.0 Operating expenses 165.64 220.70 +33.2 Interest expenses on lease liabilities 1.42 3.04 +114.0 Share of result
Slide 11: Results Overview for Group
Results Overview for Group S$ (Million) FY2021 FY2022 FY2023 FY2024 FY2025 Total revenue1 216.90 208.87 256.54 382.99 514.72 Total net revenue1 113.91 118.24 161.66 248.38 339.65 Other income 0.49 1.72 1.71 1.86 2.26 Operating expenses 77.68 103.84 126.23 165.64 220.70 Interest expenses on lease lia
Slide 12: PBT Margin for Group
PBT Margin for Group (Based on Total Net Revenue) 40.0% 34.8% 35.0% 33.5% 31.6% 30.0% 25.0% 22.6% 20.0% 1 15.0% 13.5% 10.0% 5.0% 0.0% 2021 2022 2023 2024 2025 Note: 1. Including UK banking operation from 2022 and excluding impairment loss of S$5.2 million related to India Business recognised in 2022
Slide 13: Return on Equity
Return on Equity Record High Annualised ROE Since Listing 30.0% 28.3% 25.8% 25.0% 23.4% 20.0% 15.0% 12.2% 10.0% 1 5.0% 5.0% 0.0% 2 2021 2022 2023 2024 2025 Notes: 1. Excluding impairment loss of S$5.2 million related to India Business recognised in 2Q2022. 2. The Group conducted a S$103 million shar
Slide 14: Profit/Loss - Geographical Segment
Profit/Loss - Geographical Segment Profit/Loss YoY Change YoY Change 4Q2024 4Q2025 FY2024 FY2025 (S$ Million) (%) (%) Singapore 10.13 14.22 +40.5 36.14 44.72 +23.7 Hong Kong 13.14 20.11 +53.0 52.96 67.55 +27.6 Malaysia 1.68 1.79 +6.4 4.96 6.55 +32.1 China (1.09) (0.88) -19.4 (5.85) (3.65) -37.7 Othe
Slide 15: Profit/Loss - Geographical Segment
Profit/Loss - Geographical Segment Profit/Loss FY2021 FY2022 FY2023 FY2024 FY2025 (S$ Million) Singapore 28.43 16.57 25.20 36.14 44.72 Hong Kong 8.39 8.07 23.82 52.96 67.55 Malaysia 5.39 4.25 4.39 4.96 6.55 China (5.82) (7.12) (7.19) (5.85) (3.65) Other1 (0.35) 0.30 0.22 (0.02) 0.00 Non-banking oper
Slide 16: Total Gross Revenue - Geographical Segment
Total Gross Revenue - Geographical Segment S$ (Million) FY2021 FY2022 FY2023 FY2024 FY2025 Singapore 139.59 130.25 140.61 167.04 197.61 Hong Kong 48.80 42.64 69.60 135.31 199.48 Malaysia 24.85 23.03 23.51 26.92 31.67 China 3.66 2.62 2.24 1.71 2.15 UK - 10.33 20.58 52.01 83.81 Group 216.90 208.87 256
Slide 17: Total Net Revenue - Geographical Segment
Total Net Revenue - Geographical Segment S$ (Million) FY2021 FY2022 FY2023 FY2024 FY2025 Singapore 73.50 70.49 81.24 96.06 111.25 Hong Kong 24.43 24.15 52.58 112.97 172.01 Malaysia 13.43 13.64 13.98 15.53 17.74 China 2.55 1.77 1.51 1.24 1.55 UK - 8.19 12.35 22.58 37.10 Group 113.91 118.24 161.66 248
Slide 18: Final Dividend for FY2025
Final Dividend for FY2025 Dividend Schedule Dividend per share 2.50 cents per ordinary share Ex-dividend date 8 May 2026 Record date and time 11 May 2026 (5.00 pm) Payment date 22 May 2026 • As per Dividend Schedule above, the Board of Directors is proposing a dividend of 2.50 cents per ordinary sha
Slide 19: Dividend for 4Q2025: 2.50 Cents per Ordinary Share
Dividend for 4Q2025: 2.50 Cents per Ordinary Share S$ cent per ordinary share 9.00 8.40 8.00 7.00 2.50 5.90 6.00 5.00 4.80 4.80 4.80 1.60 2.30 4.00 1.40 1.40 1.40 1.50 3.00 1.30 1.30 1.30 2.00 2.00 1.50 1.10 1.10 1.10 1.00 1.00 1.00 1.00 1.30 1.60 0.00 FY2021 FY2022 FY2023 FY2024 FY2025 • The propos
Slide 20: Business Update
Section II Business Update 20
Slide 21: 4Q2025 & FY2025 Achievements
4Q2025 & FY2025 Achievements Record High in AUA and Net Inflows • The Group’s AUA reached a record high of S$31.98 billion as at 31 December 2025. Group AUA grew 27.9% YoY and 4.2% QoQ. • All wealth management markets in Singapore, Hong Kong, Malaysia and China achieved record AUA levels. AUA in the
Slide 22: Net Inflows Trend
Net Inflows Trend S$ million 5,000 4,717 4,500 4,000 3,745 3,500 3,296 3,160 3,000 2,500 2,104 1,957 2,000 1,500 942 976 1,000 786 458 501 396 500 235 193 55 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Note: • Net inflows stood at S$0.94 billion, S$1.29 billion, S$1.
Slide 23: Gross Unit Trust (UT) Subscription
Gross Unit Trust (UT) Subscription S$ million 12,000 10,934 10,000 8,000 7,433 7,052 6,000 5,647 5,223 4,490 4,000 2,908 3,053 2,870 2,000 1,547 1,670 1,574 1,365 947 940 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Note: • Gross UT Subscriptions stood at S$2.27 billi
Slide 24: FY2025 Updates: Hong Kong Business
FY2025 Updates Hong Kong Business (Presented in HKD) 2023 2024 2025 2025 2026 Actual Actual Target Actual Target (Updated in Apr 2025) Gross Revenue HK$406 million HK$866 million >HK$1.2 billion HK$1.2 billion Net Revenue HK$306 million HK$656 million >HK$1.0 billion HK$1.0 billion Double-digit YoY
Slide 25: FY2025 Updates: iFAST Global Bank Full Year Profitability
FY2025 Updates iFAST Global Bank – Achieving A Full Year of Profitability in 2025 S$ million 2022 2023 2024 2025 4.00 3.11 2.00 0.00 -2.00 -4.00 -4.36 -5.04 -6.00 -8.00 -8.61 -10.00 25
Slide 26: iFAST's Three-Year Plan (2026-2028)
iFAST’s Three-Year Plan (2026-2028) 1. As a Global Digital Banking and Wealth Management Platform, iFAST Aims to Make More Substantial Progress with Our Truly Global Business Model. The past two years have demonstrated that our vision of a truly global business model is viable, with significant long
Slide 27: Truly Global Business Model
iFAST Group Vision Truly Global Business Model 27
Slide 28: Truly Global Business Model to Include FSM Global
Truly Global Business Model to Include FSM Global Strengthening Global Connectivity with FSM Global • iFAST believes in a business model that operates from a few centres, while serving customers from all over the world. • We believe investors and banking customers will increasingly seek the ‘Best-in
Slide 29: Truly Global Business Model to Include FSM Global
Truly Global Business Model to Include FSM Global Strengthening Global Connectivity with FSM Global • FSM Global leverages on the long-standing credibility of iFAST brand to bridge the gap between Singapore’s reputation as a trusted financial hub and the global market. • Historically, iFAST B2C divi
Slide 30: iFAST Fintech Ecosystem
iFAST Fintech Ecosystem Connecting All to Help Investors Invest Globally and Profitably 1,080,000+ 850+ 14,700+ 5 30 Information accurate as of 31 December 2025
Slide 31: Performance Trends
Section III Performance Trends 31
Slide 32: Financial Indicators
Financial Indicators S$ (Million) FY2021 FY2022 FY2023 FY2024 FY2025 EBITDA2 54.79 37.641 70.50 119.77 155.21 Operating Cashflows 46.53 47.40 273.45 671.28 551.73 Capital Expenditure 21.62 17.87 21.63 26.13 31.96 Net Current Assets 68.03 108.45 110.66 170.31 131.67 Shareholders’ Equity 128.65 222.49
Slide 33: Cash Plus Liquid Assets Net of Borrowings Position
Cash Plus Liquid Assets Net of Borrowings Position As at 31 Dec 2024 As at 31 Dec 2025 (S$ million) (S$ million) Cash and Cash Equivalents 622.83 724.31 Sovereign Bonds & Investment-grade Corporate Bonds 502.70 911.69 Others 116.07 187.11 Less: Customers’ Deposits (1,013.34) (1,572.48) Total Cash pl
Slide 34: Group Operating Cashflows
Group Operating Cashflows S$ million 800 700 671.28 600 551.73 500 400 300 273.45 200 100 46.53 47.40 0 2021 2022 2023 2024 2025 34
Slide 35: Capital Expenditure
Capital Expenditure S$ million 40 34.9 35 32.0 30 26.1 25 21.6 21.6 20 17.9 15 10 5 0 2021 2022 2023 2024 2025 2026F 35
Slide 36: Number of Issued Shares
Number of Issued Shares As at 31 Dec 2024 As at 31 Dec 2025 Total number of issued shares (excluding treasury shares and subsidiary 297,959,099 303,684,519 holdings) 36
Slide 37: Our Consolidated Financial Position
Our Consolidated Financial Position As at 31 Dec 24 As at 31 Dec 25 S$’000 S$’000 ASSETS Plant and Equipment 14,362 20,834 Right-of-use Assets 35,580 50,620 Intangible Assets and Goodwill 85,021 91,070 Associates 414 426 Other Investments 119,073 293,216 Deferred Tax Assets 2,117 3,734 Contract Cost
Slide 38: Our Consolidated Financial Position
Our Consolidated Financial Position As at 31 Dec 24 As at 31 Dec 25 S$’000 S$’000 EQUITY Share Capital 171,435 171,943 Reserves 145,351 226,051 EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY 316,786 397,994 Non-Controlling Interests (1,808) (137) TOTAL EQUITY 314,978 397,857 LIABILITIES Debt Issued 99
Slide 39: Held under Trust
Held under Trust As at 31 Dec 24 As at 31 Dec 25 S$’000 S$’000 HELD UNDER TRUST Client monies maintained in bank deposit accounts with related 27,264 53,246 bank Client monies maintained in bank deposit accounts with non-related 1,016,318 1,343,197 banks Client monies maintained in government debt s
Slide 40: Total Net Revenue Breakdown between Recurring and Non-recurring Sources
Total Net Revenue1 Breakdown between Recurring and Non-recurring Sources S$ million Average contribution from recurring net revenue as opposed to 400 non-recurring net revenue in the period from 2024 to 2025 was 85.6% 350 47.0 300 250 37.4 200 150 29.7 292.7 100 34.4 211.0 34.5 25.5 131.9 8.5 12.3 5
Slide 41: Recurring and Non-recurring Total Net Revenue (Include Banking)
Recurring and Non-recurring Total Net Revenue (Include Banking Operation) S$ (Million) FY2021 FY20221 FY20231 FY20241 FY20251 Recurring net revenue2 79.38 83.86 131.94 210.98 292.66 Non-recurring net revenue 34.53 34.38 29.72 37.40 46.99 Total net revenue2 113.91 118.24 161.66 248.38 339.65 YoY Chan
Slide 42: Recurring and Non-recurring Total Net Revenue (Exclude Banking)
Recurring and Non-recurring Total Net Revenue (Exclude Banking Operation) S$ (Million) FY2021 FY20221 FY20231 FY20241 FY20251 Recurring net revenue2 79.38 83.61 129.19 201.86 273.87 Non-recurring net revenue 34.53 26.44 20.12 23.93 28.68 Total net revenue2 113.91 110.05 149.31 225.79 302.55 YoY Chan
Slide 43: Net Revenue - B2B Business Segment
Net Revenue1 - B2B Business Segment B2B Net Revenue FY2021 FY2022 FY2023 FY2024 FY2025 (S$ Million) Recurring net revenue 55.73 58.05 99.10 172.50 244.80 Non-recurring net revenue 16.42 16.66 12.89 13.09 16.34 Total B2B net revenue 72.15 74.72 111.99 185.59 261.14 YoY Change (%) FY2021 FY2022 FY2023
Slide 44: Net Revenue - B2C Business Segment
Net Revenue1 - B2C Business Segment B2C Net Revenue FY2021 FY2022 FY2023 FY2024 FY2025 (S$ Million) Recurring net revenue 22.96 22.99 25.64 25.85 28.12 Non-recurring net revenue 18.11 9.78 7.23 10.84 12.34 Total B2C net revenue 41.07 32.77 32.87 36.69 40.46 YoY Change (%) FY2021 FY2022 FY2023 FY2024
Slide 45: Fixed Income Turnover
Fixed Income Turnover S$ million 1,200 1,000 800 600 400 200 - 45
Slide 46: Progress of Individual Markets
Progress of Individual Markets SINGAPORE HONG KONG • AUA: Increased 3.9% QoQ and • AUA: Increased 5.4% QoQ and 27.8% YoY to S$22.50 billion as 20.7% YoY, reaching S$3.64 billion at 31 December 2025, reaching as at 31 December 2025, achieving an all-time high. a new record high. • Net revenue: Increa
Slide 47: Progress of Individual Markets
Progress of Individual Markets MALAYSIA CHINA • AUA: Increased 6.3% QoQ and • AUA: Increased 16.3% QoQ 19.6% YoY to S$3.56 billion as and 74.9% YoY to S$713.83 at 31 December 2025, million as at 31 December achieving a new record high. 2025, achieving a new record high. • Net revenue: Increased by 1
Slide 48: Progress of Individual Markets: UK - iFAST Global Bank
Progress of Individual Markets UK – iFAST Global Bank • Deposit: Increased by 1.3% QoQ and 55.2% YoY to S$1.57 billion, achieving a new record high. • Net revenue: Increased by 16.5% YoY to S$9.00 million in 4Q2025. For FY2025, net revenue grew 64.3% YoY to S$37.10 million. • Following its first pro
Slide 49: Appendices
) ® 2 oO c ® Q. Q. <x Section IV
Slide 50: Business Overview
Business Overview • iFAST Corporation Ltd. is a global digital banking and wealth management platform with assets under administration (AUA) of S$31.98 billion as at 31 December 2025 (stock code: AIY). • Main business divisions: • Wealth Management: • Business-to-Consumer (B2C): FSMOne.com (formerly
Slide 51: iFAST Fintech Ecosystem
iFAST Fintech Ecosystem Deepening the Ecosystem for Global Connectivity Our Foundation & Mission – Helping Investors Invest Globally & Profitably • iFAST was founded with a clear mission to help investors around the world invest globally and profitably, providing seamless access to a wide range of i
Slide 52: iFAST Fintech Ecosystem
iFAST Fintech Ecosystem Strengthening the Ecosystem with Payment Capabilities • Payment integration enhances the Group’s ability to connect its Banking and Wealth Management pillars into one seamless ecosystem. Customers can now save, invest, spend, and transfer globally with greater convenience and
Slide 53: iFAST Payment Capabilities
iFAST Payment Capabilities Payment Services & Licences • Faster Payments Service in UK: iFAST Global Bank is one of 47 participants providing real-time payments. • CHAPS in UK: The bank is one of more than 35 direct participants to offer high-value payments, which also enable iFAST business partners
Slide 54: iFAST Global Bank Updates
iFAST Global Bank Updates Conservative Balance Sheet Strategy • The customer deposit amounts for iFAST Global Bank (iGB) increased 1.3% QoQ and 52.5% YoY to S$1.57 billion as at 31 December 2025. • The increase in deposits continues to be driven by the deposit offering business units and most signif
Slide 55: iFAST Global Bank Updates
iFAST Global Bank Updates Regulatory Ratios The Group has started to disclose the regulatory ratios for iFAST Global Bank since 1Q2023, including the Liquidity Coverage Ratio (“LCR”), Net Stable Funding Ratio (“NSFR”) and Total Capital Ratio. iFAST Global Bank intends to maintain capital and liquidi
Slide 56: Milestones
Milestones BUSINESS ROADMAP 2000 2002 2007 2008 2011 • Launch of • Launch of iFAST • Launch of • Launch of iFAST Platform • Launch of “FSM Mobile” Fundsupermart.com Platform Services Fundsupermart.com Services (B2B) in HK iPhone application. The (B2C) in Singapore (B2B) in SG (B2C) in Hong Kong • La
Slide 57: Milestones
Milestones 2018 2019 2020 2021 • Launch of US stockbroking • iFAST MY launched retail • Launch of revamped • Launch of Bursa stockbroking in MY and SG in HK bonds under the new FSMOne mobile apps in • iFAST HK approved as China Connect • Launch of FSMOne in MY Seasoning Framework SG, HK and MY Excha
Slide 58: FY2024 Breakdown of Net Revenue
FY2024 Breakdown of Net Revenue For Wealth Management Platform Services1 FX Margin, 6.1% Transaction Fees/Commission Income Fintech Solutions IT fees, 1.6% (Other products), 1.2% Others, 0.5% Transaction Fees/Commission Income (listed securities), 9.0% Trailer Fee, 39.8% Transaction Fees/Commission
Slide 59: Fees Illustration
Fees Illustration (For Wealth Management Platform Services) FUND HOUSES TRAILER FEE PLATFORM FEE PLATFORM FEE B2B UPFRONT FEE B2C CUSTOMERS UPFRONT FEE CUSTOMERS WRAP FEE FX CONVERSION FEES B2B FINANCIAL OTHER FINTECH SOLUTIONS ADVISORY COMPANIES SERVICE FEES FACILITIES 59
Slide 60: Licences Held and Products & Services Available
Licences Held and Products & Services Available (as at 31 Dec 2025) SINGAPORE Hong Kong Malaysia Licences and Registration Held: Licences and Registration Held: Licences and Registration Held: • Capital Markets Services Licence [MAS] • Type 1 - Dealing in Securities [SFC] • Capital Market Services L
Slide 61: Our Value Proposition
Our Value Proposition PRODUCT B2B CUSTOMERS B2C DIY INVESTORS GLOBAL BANK ePENSION PROVIDERS CUSTOMERS CUSTOMERS • One platform, multiple • One platform, multiple • One platform, multiple • Online account opening • Empower partners with B2C and B2B investment products investment products without geo
Slide 62: iFAST Corp's Risk Journey
iFAST Corp’s Risk Journey 2000-2024 and Beyond iFAST Corp has built upon the following three key elements while braving through multiple economic events over the last 24 years, tiding through the 2001 Dotcom bubble burst, the 2008 Global Financial Crisis and the recent Covid pandemic. This has paved
Slide 63: iFAST Corp's Risk Journey
iFAST Corp’s Risk Journey 2000-2024 and Beyond • Using the analogy of Kart Racing, braking (risk At iFAST, we aim to go far and wide: management) is essential to help the kart accelerate • Thus, we see good risk management as an essential partner as (business strategies) safely through a turn at top
Slide 64: 4Q2025: Activities & Achievements
4Q2025: Activities & Achievements Achievement: Platform Events: The Edge Singapore Billion Dollar Club 2025 (Singapore) (L-R) Hong Kong: iFAST Global Prestige (iGP) Year-End Appreciation; Hong Kong: iFAST Global iFAST Corp received "Overall Sector Winner in the Market Appreciation Cocktail Party & T
Slide 65: FY2025: Awards & Milestones
FY2025: Awards & Milestones iFAST Global Bank received the “App-Only Savings Provider of the Year – Highly Commended” and “Best Customer Service – Commended” February awards at the Moneyfactscompare.co.uk Awards 2025. May iFAST Global Bank has been awarded “Best Newcomer” at the British Bank Awards
Slide 66: Thank You
Thank You For more information, please visit: www.ifastcorp.com 66 66