Slide 1: 1Q2026 Results Presentation
iFAST Corporation Ltd. 1Q2026 Results Presentation 23 April 2026
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 ▪ 1Q2026 Financial Results Pg. 10 Section I Financial Results ▪ Performance by Geographical and Business Segments ▪ First Interim Dividend FY2026 ▪ Updated iFAST’s Three-Year Plan (2026-2028) Pg. 21 ▪ Collaboration with Ant International to Strengthen iFAST
Slide 4: Key Summary
Key Summary • The Group began 2026 with a 44.5% YoY growth in total revenue to S$154.5 million, while net profit grew 47.5% YoY to S$28.0 million. The increase in profitability was driven by growth in the Hong Kong ePension business and continuing growth in the Group’s core wealth management platfor
Slide 5: Key Summary
Key Summary • The Hong Kong ePension business has been one of the important contributors to the Group's revenue and profit in the last two years, but the Group sees contributions from the core wealth management business and iFAST Global Bank to be the key revenue and profitability growth drivers in
Slide 6: Group AUA increased 27.1% YoY to S$32.64 billion as at March 2026
Group AUA increased 27.1% YoY to S$32.64 billion as at 31 March 2026 S$ million $34,000 AUA (as at 31 Mar 2026): S$32.64 billion $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 $- B2B B2C 6
Slide 7: AUA Breakdown: Markets & Products
AUA Breakdown: Markets & Products (as at 31 March 2026) AUA Breakdown by Markets AUA Breakdown By Products 7.8% 8.7% 11.5% 25.0% 11.5% 55.5% 69.2% 10.8% Singapore Hong Kong Unit Trusts Bonds Malaysia Others (China & UK) Stocks & ETFs Cash Account & Deposits 7
Slide 8: Net Inflows Trend
Net Inflows Trend S$ 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 1,249 942 976 938 1,000 786 458 501 396 500 235 193 55 - 8
Slide 9: 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 3,334 2,908 3,053 2,870 2,267 2,000 1,547 1,670 1,574 1,365 947 940 - 9
Slide 10: Financial Results
Financial Results Section I
Slide 11: Financial Results for Group
Financial Results for Group (1Q2026 vs 1Q2025) S$ (Million) 1Q2025 1Q2026 YoY change (%) Total revenue 106.92 154.46 +44.5 Total net revenue 67.72 104.92 +54.9 Other income 0.59 0.34 -42.8 Operating expenses 44.51 71.06 +59.7 Interest expenses on lease 0.45 0.65 +44.3 liabilities Share of results of
Slide 12: Results Overview for Group
Results Overview for Group S$ (Million) FY2022 FY2023 FY2024 FY2025 1Q2026 Total revenue 208.87 256.54 382.99 514.72 154.46 Total net revenue 118.24 161.66 248.38 339.65 104.92 Other income 1.72 1.71 1.86 2.26 0.34 Operating expenses 103.84 126.23 165.64 220.70 71.06 Interest expenses on lease liabi
Slide 13: PBT Margin for Group
PBT Margin for Group (Based on Total Net Revenue) 40.0% 34.8% 35.0% 33.5% 32.0% 30.0% 25.0% 22.6% 20.0% 15.0% 13.5% 10.0% 5.0% 0.0% 2022 2023 2024 2025 1Q2026 13
Slide 14: Return on Equity
Return on Equity 30.0% 28.3% 26.8% 25.0% 23.4% 20.0% 15.0% 12.2% 10.0% 5.0% 5.0% 0.0% 1 2022 2023 2024 2025 1Q2026 Note: 1. The Group conducted a S$103 million share placement exercise in January 2022. 14
Slide 15: Profit/Loss - Geographical Segment
Profit/Loss - Geographical Segment Profit/Loss 1Q2025 1Q2026 YoY Change (%) (S$ Million) Singapore3 9.50 13.67 +44.0 Hong Kong 12.33 17.99 +45.9 Malaysia 1.63 2.08 +27.9 China (0.99) (0.44) -55.6 Others1,3 (0.10) (0.45) +367.7 Non-banking operations 22.37 32.85 +46.9 UK banking operation 1.00 0.69 -
Slide 16: Profit/Loss - Geographical Segment
Profit/Loss - Geographical Segment Profit/Loss FY2022 FY2023 FY2024 FY2025 1Q2026 (S$ Million) Singapore 16.57 25.20 36.14 44.72 13.67 Hong Kong 8.07 23.82 52.96 67.55 17.99 Malaysia 4.25 4.39 4.96 6.55 2.08 China (7.12) (7.19) (5.85) (3.65) (0.44) Others1 0.30 0.22 (0.02) 0.00 (0.45) Non-banking op
Slide 17: Total Gross Revenue - Geographical Segment
Total Gross Revenue - Geographical Segment S$ (Million) FY2022 FY2023 FY2024 FY2025 1Q2026 Singapore 130.25 140.61 167.04 197.61 58.61 Hong Kong 42.64 69.60 135.31 199.48 65.21 Malaysia 23.03 23.51 26.92 31.67 8.91 China 2.62 2.24 1.71 2.15 0.82 UK 10.33 20.58 52.01 83.81 20.84 Others1 - - - - 0.07
Slide 18: Total Net Revenue - Geographical Segment
Total Net Revenue - Geographical Segment S$ (Million) FY2022 FY2023 FY2024 FY2025 1Q2026 Singapore 70.49 81.24 96.06 111.25 32.07 Hong Kong 24.15 52.58 112.97 172.01 58.14 Malaysia 13.64 13.98 15.53 17.74 5.06 China 1.77 1.51 1.24 1.55 0.58 UK 8.19 12.35 22.58 37.10 9.00 Others1 - - - - 0.07 Group 1
Slide 19: First Interim Dividend for FY2026
First Interim Dividend for FY2026 Dividend Schedule Dividend per share 2.50 cents per ordinary share Ex-dividend date 26 May 2026 Record date and time 28 May 2026 (5.00 pm) Payment date 11 June 2026 • As per Dividend Schedule above, the Board of Directors declared a dividend of 2.50 cents per ordina
Slide 20: Dividend for 1Q2026: 2.50 Cents per Ordinary Share
Dividend for 1Q2026: 2.50 Cents per Ordinary Share S$ cent per ordinary share 12.00 10.50 10.00 8.40 8.00 2.50* 5.90 6.00 4.80 4.80 1.60 2.30 4.00 1.40 1.40 1.50 1.30 1.30 2.00 2.00 1.50 1.10 1.10 2.50 1.00 1.00 1.30 1.60 0.00 FY2022 FY2023 FY2024 FY2025 1Q2026 • The Board of Directors declared a fi
Slide 21: Business Update
Business Update Section II
Slide 22: Updated iFAST's Three-Year Plan (2026-2028)
Updated 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 signific
Slide 23: Collaboration with Ant International to Strengthen iFAST's Truly Global Business Model
Collaboration with Ant International to Strengthen iFAST’s Truly Global Business Model • iFAST believes its business model, built around a few key centres, can efficiently serve customers worldwide. With established wealth management platforms in Singapore and Hong Kong, and a global digital bank in
Slide 24: Scaling Towards S$100 Billion AUA
Scaling Towards S$100 Billion AUA Scenario Planning on AUA Composition at S$100 Billion Based on Potential Scenario (Not a Forecast) • AUA is a significant indicator of the Group’s progress in its core wealth management and digital banking businesses, given recurring net revenue is correlated to the
Slide 25: Scaling Towards S$100 Billion AUA
Scaling Towards S$100 Billion AUA AUA Growth Expected to Translate into Scalable and Resilient Revenue • The following illustrates a scenario of how revenue and profitability could scale as AUA approaches S$100 billion. • This is based on potential scenario and is not a forecast. Revenue Assumptions
Slide 26: AI as a Key Enabler of Efficiency and Scalable Growth
AI as a Key Enabler of Efficiency and Scalable Growth Cost is expected to peak in FY2026, with AI-driven efficiency supporting margin expansion from FY2027 onwards • The Group expects total headcount to peak around mid-2026, following a period of targeted hiring primarily in IT functions, and roles
Slide 27: Performance Trends
Performance Trends Section III
Slide 28: Financial Indicators
Financial Indicators S$ (Million) FY2022 FY2023 FY2024 FY2025 1Q2026 EBITDA2 32.091 61.46 115.75 159.03 45.67 Operating Cashflows 47.40 273.45 671.28 551.73 (25.75) Capital Expenditure 17.87 21.63 26.13 31.96 6.80 Net Current Assets 108.45 110.66 170.31 131.67 177.50 Shareholders’ Equity 222.49 250.
Slide 29: Cash Plus Liquid Assets Net of Borrowings Position
Cash Plus Liquid Assets Net of Borrowings Position As at 31 Dec 2025 As at 31 Mar 2026 (S$ million) (S$ million) Cash and Cash Equivalents 724.31 620.02 Sovereign Bonds & Investment-grade Corporate Bonds 911.69 1,070.93 Others 187.11 241.77 Less: Customers’ Deposits (1,572.48) (1,613.08) Total Cash
Slide 30: Group Operating Cashflows
Group Operating Cashflows S$ million 800 700 671.28 600 551.73 500 400 300 273.45 200 100 47.40 (25.75) 0 2022 2023 2024 2025 1Q2026 -100 30
Slide 31: Capital Expenditure
Capital Expenditure S$ million 40 34.9 35 32.0 30 26.1 25 21.6 20 17.9 15 10 5 0 2022 2023 2024 2025 2026F 31
Slide 32: Number of Issued Shares
Number of Issued Shares As at 31 Dec 2025 As at 31 Mar 2026 Total number of issued shares (excluding treasury shares and subsidiary 303,684,519 304,684,519 holdings) 32
Slide 33: Our Consolidated Financial Position
Our Consolidated Financial Position As at 31 Dec 25 As at 31 Mar 2026 S$’000 S$’000 ASSETS Plant and Equipment 20,834 22,479 Right-of-use Assets 50,620 46,975 Intangible Assets and Goodwill 91,070 87,533 Associates 426 413 Other Investments 293,216 466,681 Deferred Tax Assets 3,734 4,710 Contract Co
Slide 34: Our Consolidated Financial Position
Our Consolidated Financial Position As at 31 Dec 25 As at 31 Mar 2026 S$’000 S$’000 EQUITY Share Capital 171,943 173,213 Reserves 226,051 254,698 EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY 397,994 427,911 Non-Controlling Interests (137) (150) TOTAL EQUITY 397,857 427,761 LIABILITIES Debt Issued 99
Slide 35: Held under Trust
Held under Trust As at 31 Dec 25 As at 31 Mar 2026 S$’000 S$’000 HELD UNDER TRUST Client monies maintained in bank deposit accounts with related bank 53,246 73,378 Client monies maintained in bank deposit accounts with non-related 1,343,197 1,295,166 banks Client monies maintained in government debt
Slide 36: Total Net Revenue Breakdown
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 2025 to 1Q2026 was 87.1% 350 47.0 300 250 37.4 200 150 29.7 292.7 100 34.4 211.0 12.5 34.5 25.5 131.9 6.0
Slide 37: Recurring and Non-recurring Total Net Revenue
Recurring and Non-recurring Total Net Revenue (Include Banking Operation) S$ (Million) FY2022 FY2023 FY2024 FY2025 1Q2026 Recurring net revenue 83.86 131.94 210.98 292.66 92.46 Non-recurring net revenue 34.38 29.72 37.40 46.99 12.46 Total net revenue 118.24 161.66 248.38 339.65 104.92 YoY Change (%)
Slide 38: Recurring and Non-recurring Total Net Revenue
Recurring and Non-recurring Total Net Revenue (Exclude Banking Operation) S$ (Million) FY2022 FY2023 FY2024 FY2025 1Q2026 Recurring net revenue 83.61 129.19 201.86 273.87 87.22 Non-recurring net revenue 26.44 20.12 23.93 28.68 8.70 Total net revenue 110.05 149.31 225.79 302.55 95.92 YoY Change (%) F
Slide 39: Net Revenue - B2B Business Segment
Net Revenue1 - B2B Business Segment B2B Net Revenue FY2022 FY2023 FY2024 FY2025 1Q2026 (S$ Million) Recurring net revenue 58.05 99.10 172.50 244.80 79.66 Non-recurring net revenue 16.66 12.89 13.09 16.34 4.60 Total B2B net revenue 74.72 111.99 185.59 261.14 84.26 YoY Change (%) FY2022 FY2023 FY2024
Slide 40: Net Revenue - B2C Business Segment
Net Revenue1 - B2C Business Segment B2C Net Revenue FY2022 FY2023 FY2024 FY2025 1Q2026 (S$ Million) Recurring net revenue 22.99 25.64 25.85 28.12 7.82 Non-recurring net revenue 9.78 7.23 10.84 12.34 4.10 Total B2C net revenue 32.77 32.87 36.69 40.46 11.92 YoY Change (%) FY2022 FY2023 FY2024 FY2025 1
Slide 41: Fixed Income Turnover
Fixed Income Turnover S$ million 1,200 1,000 800 600 400 200 0 41
Slide 42: Progress of Individual Markets
Progress of Individual Markets Singapore Hong Kong • AUA: Increased 0.4% QoQ and 24.8% YoY to • AUA: Increased 3.6% QoQ and 23.3% YoY, S$22.59 billion as at 31 March 2026. reaching S$3.77 billion as at 31 March 2026. • Net revenue: Increased by 28.7% YoY to • Net revenue: Increased by 100.2% YoY to
Slide 43: Progress of Individual Markets
Progress of Individual Markets Malaysia China • AUA: Increased 5.2% QoQ and 28.9% YoY to • AUA: Increased 28.4% QoQ and 101.5% YoY to S$3.75 billion as at 31 March 2026. S$916.73 million as at 31 March 2026, • Net revenue: Increased by 22.3% YoY, reaching achieving a new record high. S$5.06 million
Slide 44: Progress of Individual Markets
Progress of Individual Markets UK • Deposit: Increased by 40.0% YoY to S$1.61 billion, achieving a new record high. The growth in customer deposits has picked up in 1Q2026 after weaker growth in 3Q2025, due to depositors transferring funds via iFAST Bridge into the Group’s wealth management platform
Slide 45: Appendices
Appendices Section IV
Slide 46: Business Overview
Business Overview • iFAST Corporation Ltd. is a global digital banking and wealth management platform with assets under administration (AUA) of S$32.64 billion as at 31 March 2026 (stock code: AIY). • Main business divisions: • Wealth Management: • Business-to-Consumer (B2C): FSM Global, a multi-pro
Slide 47: iFAST Fintech Ecosystem
iFAST Fintech Ecosystem 1,250,000+ Connecting All to Help Investors 950+ Invest Globally and Profitably 15,000+ Information accurate as of 31 March 2026 47
Slide 48: Truly Global Business Model
iFAST Group Vision Truly Global Business Model 48
Slide 49: 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 50: 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 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 2.6% QoQ and 40.0% YoY to S$1.61 billion as at 31 Mar 2026. • The increase in deposits continues to be driven by the deposit offering business units and most significant
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 BUSINESS ROADMAP 2019 2020 2021 2022 • iFAST MY launched retail • Launch of revamped • Launch of Bursa stockbroking in MY and SG • Acquisition of iFAST Global Bank bonds under the new FSMOne mobile apps in • iFAST HK approved as China Connect Limited, a fully licensed United Seasoning Fra
Slide 58: FY2025 Breakdown of Net Revenue
FY2025 Breakdown of Net Revenue For Wealth Management Platform Services1 Fintech Solutions IT fees, 1.5% FX Margin, 7.0% Others, 1.0% Transaction Fees/Commission Income (Other Products), 1.1% Transaction Fees/Commission Income (Listed Securities), 9.5% Trailer Fee, 39.3% 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 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 Licence [SC] • (asAdv
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 • Online account opening • Empower partners with • One platform, multiple investment products investment products without geographical di
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 2020 Covid pandemic. This has paved t
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: 1Q2026: Activities & Achievements
1Q2026: Activities & Achievements Achievement: Platform Events: Moneyfactscompare.co.uk Awards 2026 (1st Row) iGM Hong Kong – iGM iFAST Global Bank received "Highly Commended” in the Kick-off Luncheon “Best Consumers’ Choice” category. (2nd Row L-R) iFAST Global Bank - Pay360; iGM Malaysia - iGM Lun
Slide 65: Thank You
Thank You For more information, please visit: www.ifastcorp.com