Cheng Sok Huy
Chief Financial Officer
Replay available
DBS Group Holdings Ltd (DBSDY) Q2 2025 Earnings Call
DBS Group Holdings Ltd (OTC: DBSDY) Q2 2025 earnings conference call, held 2025-08-07. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Tan Tuy Shan
Chief Executive Officer
Kui Juan
Digital Assets Lead
Soon Chong
Head of Wealth Management RM
Jan Dutra
Journalist, Reuters
Investor webinar replay
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Replay transcript excerpt
WEBVTT 00:00:00.301 -- 00:00:05.305 Okay, good morning everyone and welcome to DBS's second quarter 2025 financial results 00:00:05.305 -- 00:00:10.350 briefing. This morning we announced second quarter profit before tax rose 5% 00:00:10.350 -- 00:00:11.831 to $3.39 00:00:11.831 -- 00:00:15.975 billion. Net profit was up 1% at $2.82 00:00:15.975 -- 00:00:21.039 billion. And for the first half, both total income and profit before tax 00:00:21.039 -- 00:00:26.423 were at new highs. So with us today, we have our CEO Tan Tuy Shan and our CFO 00:00:26.423 -- 00:00:30.886 Cheng Sok Huy. Without further ado, Sok Huy please. 00:00:43.366 -- 00:00:47.715 We delivered a strong set of results this quarter, despite 00:00:47.715 -- 00:00:53.486 a very challenging environment. Uncertainty around US trade policy 00:00:53.486 -- 00:00:58.536 weighed on customer sentiment. Interest rates in Singapore and Hong Kong fell 00:00:58.536 -- 00:01:04.577 sharply. while currency fluctuations led to adverse translation effects. 00:01:04.577 -- 00:01:10.003 Amid these headwinds, pre-tax profit rose 5% 00:01:10.003 -- 00:01:12.903 from a year ago to $3.39 00:01:13.206 -- 00:01:18.531 billion. Net profit was 1% higher at $2.82 00:01:18.531 -- 00:01:23.336 billion, even with the impact of the global minimum tax. 00:01:23.336 -- 00:01:26.757 Total income grew 5% to $5.73 00:01:27.901 -- 00:01:31.121 billion. the growth was broad-based. 00:01:31.121 -- 00:01:36.250 Net interest income was higher, supported by strong deposit growth 00:01:36.250 -- 00:01:40.153 and proactive balance sheet hedging. 00:01:40.157 -- 00:01:45.526 Fee income and Treasury customer sales reached their second-highest levels, 00:01:45.526 -- 00:01:51.035 while markets trading income more than doubled to a 13-quarter 00:01:51....