DBS published its annual report for the year ended 31 December 2025, alongside shareholder materials outlining its approach to capital management. The bank said it is seeking renewal of its share purchase mandate to give it flexibility to manage surplus capital and to support employee share plans. DBS reported it bought back 6.93 million shares through on-market purchases, spending SGD 290.8 million in total consideration. The proposed mandate would allow repurchases of up to 3% of issued shares, subject to market conditions and internal capital and liquidity considerations.

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