Sing Investments & Finance reported a record net profit of S$42.3 million for the 12 months ended Dec 31, 2025, up 16 % year-on-year, supported by lower funding costs that lifted net interest margin and by a sharp expansion in fee income.

Earnings per share increased to 17.90 Singapore cents from 15.37 cents a year earlier. The board has proposed a first-and-final dividend of 7.5 cents per share, 15 % higher than the preceding year’s 6.5-cent payout. The cash distribution is tax-exempt and subject to approval at the upcoming AGM; the company will announce the books-closure and payment dates later.

Total income rose 19 % YoY to S$85.6 million, driven by a 16 % jump in net interest income to S$75.3 million as the net interest margin widened by 28 basis points to 2.27 %. Non-interest income expanded 41 % to S$10.3 million, helped by a 76 % surge in fees and commissions and a 13 % increase in rental income. Pre-tax profit climbed 16 % to S$50.8 million, despite credit allowances rising to S$4.5 million from an immaterial amount in 2024.

Operating expenses rose 7 % to S$30.2 million on higher staff and other costs, but the cost-to-income ratio improved to 35.3 % from 39.3 % a year earlier. The non-performing-loan ratio inched up to 0.4 % from 0.2 %, and allowances for expected credit losses were strengthened accordingly.

Customer loans grew 4 % to a new year-end high of S$2.79 billion, pushing the loans-to-deposits ratio to 94.2 %. Customer deposits edged up 1 % to S$3.0 billion, while total assets increased 2 % to S$3.50 billion. The capital adequacy ratio remained strong at 15.2 %, comfortably above regulatory requirements.

Looking ahead, the finance company said it remains cautious for 2026 amid lingering geopolitical and trade risks. Management intends to keep capital and liquidity buffers robust while seeking selective growth opportunities as Singapore’s economy is projected to expand by 2 %-4 %.