Singtel Z74
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Financials
Singtel Annual Report 2026
Explore the statements
8 tablesConsolidated income statement
20 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Income statement | |||
| Operating revenueS$ Mil | 14,260.6 | 14,146.1 | PDF p. 144 |
| Operating expensesS$ Mil | (10,667.7) | (10,588.9) | PDF p. 144 |
| Other incomeS$ Mil | 254.6 | 234.7 | PDF p. 144 |
| Subtotal (operating revenue less operating expenses plus other income; label not printed)S$ Mil | 3,847.5 | 3,791.9 | PDF p. 144 |
| Depreciation and amortisationS$ Mil | (2,343.9) | (2,410.6) | PDF p. 144 |
| Subtotal (label not printed)S$ Mil | 1,503.6 | 1,381.3 | PDF p. 144 |
| Exceptional itemsS$ Mil | 3,079.4 | 984.9 | PDF p. 144 |
| Profit on operating activitiesS$ Mil | 4,583.0 | 2,366.2 | PDF p. 144 |
| Share of results of associates and joint venturesS$ Mil | 1,945.4 | 2,569.6 | PDF p. 144 |
| Profit before interest, investment income (net), and taxS$ Mil | 6,528.4 | 4,935.8 | PDF p. 144 |
| Interest and investment income (net)S$ Mil | 91.2 | 102.9 | PDF p. 144 |
| Finance costsS$ Mil | (452.2) | (445.4) | PDF p. 144 |
| Profit before taxS$ Mil | 6,167.4 | 4,593.3 | PDF p. 144 |
| Tax expenseS$ Mil | (550.1) | (564.9) | PDF p. 144 |
| Profit after taxS$ Mil | 5,617.3 | 4,028.4 | PDF p. 144 |
| Attributable to | |||
| Shareholders of the CompanyS$ Mil | 5,606.1 | 4,017.4 | PDF p. 144 |
| Non-controlling interestsS$ Mil | 11.2 | 11.0 | PDF p. 144 |
| Attributable subtotal (label not printed)S$ Mil | 5,617.3 | 4,028.4 | PDF p. 144 |
| Earnings per share | |||
| Earnings per share attributable to shareholders of the Company - basiccents | 33.98 | 24.34 | PDF p. 144 |
| Earnings per share attributable to shareholders of the Company - dilutedcents | 33.62 | 23.92 | PDF p. 144 |
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Definitions & sources
Original report: PDF p. 144 ↗
The statement is headed “CONSOLIDATED INCOME STATEMENT” and states “For the financial year ended 31 March 2026.”
Statements of financial position (Group and Company columns)
43 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalentsS$ Mil | 3,470.4 | 2,773.2 | 93.1 | 221.2 | PDF p. 146 |
| Trade and other receivablesS$ Mil | 4,866.0 | 5,059.0 | 2,168.5 | 2,479.1 | PDF p. 146 |
| InventoriesS$ Mil | 323.7 | 293.7 | 44.2 | 46.9 | PDF p. 146 |
| Derivative financial instrumentsS$ Mil | 49.9 | 26.9 | 1.3 | 0.6 | PDF p. 146 |
| Other assetsS$ Mil | 214.4 | 38.6 | 111.7 | - | PDF p. 146 |
| Current assets subtotal (label not printed)S$ Mil | 8,924.4 | 8,191.4 | 2,418.8 | 2,747.8 | PDF p. 146 |
| Non-current assets | |||||
| Property, plant and equipmentS$ Mil | 11,255.8 | 10,280.3 | 2,105.2 | 1,924.5 | PDF p. 146 |
| Right-of-use assetsS$ Mil | 2,731.0 | 2,701.0 | 321.8 | 368.9 | PDF p. 146 |
| Intangible assetsS$ Mil | 9,397.8 | 9,562.4 | - | - | PDF p. 146 |
| SubsidiariesS$ Mil | - | - | 19,437.9 | 19,156.8 | PDF p. 146 |
| Joint venturesS$ Mil | 12,749.9 | 12,199.1 | 1.1 | 1.1 | PDF p. 146 |
| AssociatesS$ Mil | 336.7 | 1,740.5 | 24.7 | 24.7 | PDF p. 146 |
| Fair value through other comprehensive income (“FVOCI”) investmentsS$ Mil | 3,589.4 | 736.1 | - | - | PDF p. 146 |
| Derivative financial instrumentsS$ Mil | 180.9 | 93.8 | 1.2 | 3.3 | PDF p. 146 |
| Deferred tax assetsS$ Mil | 907.5 | 684.4 | - | - | PDF p. 146 |
| Other assetsS$ Mil | 623.5 | 594.3 | 42.7 | 33.7 | PDF p. 146 |
| Non-current assets subtotal (label not printed)S$ Mil | 41,772.5 | 38,591.9 | 21,934.6 | 21,513.0 | PDF p. 146 |
| Assets | |||||
| Total assetsS$ Mil | 50,696.9 | 46,783.3 | 24,353.4 | 24,260.8 | PDF p. 146 |
| Current liabilities | |||||
| Trade and other payablesS$ Mil | 5,274.1 | 5,181.8 | 2,176.2 | 3,271.2 | PDF p. 146 |
| Advance billingsS$ Mil | 905.6 | 768.9 | 112.7 | 99.4 | PDF p. 146 |
| Current tax liabilitiesS$ Mil | 1,221.6 | 914.3 | 19.6 | 59.6 | PDF p. 146 |
| Borrowings (unsecured)S$ Mil | 694.9 | 996.1 | - | - | PDF p. 146 |
| Borrowings (secured)S$ Mil | 405.0 | 472.6 | 38.4 | 45.3 | PDF p. 146 |
| Derivative financial instrumentsS$ Mil | 58.9 | 24.4 | 1.0 | 0.1 | PDF p. 146 |
| Net deferred gainS$ Mil | 21.0 | 21.0 | - | - | PDF p. 146 |
| Current liabilities subtotal (label not printed)S$ Mil | 8,581.1 | 8,379.1 | 2,347.9 | 3,475.6 | PDF p. 146 |
| Non-current liabilities | |||||
| Advance billingsS$ Mil | 627.1 | 564.9 | 526.3 | 452.0 | PDF p. 147 |
| Borrowings (unsecured)S$ Mil | 6,924.2 | 7,144.1 | 651.8 | 673.7 | PDF p. 147 |
| Borrowings (secured)S$ Mil | 3,654.6 | 3,058.9 | 268.2 | 304.5 | PDF p. 147 |
| Derivative financial instrumentsS$ Mil | 716.9 | 593.9 | 243.6 | 214.6 | PDF p. 147 |
| Net deferred gainS$ Mil | 345.7 | 344.4 | - | - | PDF p. 147 |
| Deferred tax liabilitiesS$ Mil | 526.1 | 509.7 | 273.2 | 257.6 | PDF p. 147 |
| Other non-current liabilitiesS$ Mil | 604.5 | 231.9 | 57.0 | 68.2 | PDF p. 147 |
| Non-current liabilities subtotal (label not printed)S$ Mil | 13,399.1 | 12,447.8 | 2,020.1 | 1,970.6 | PDF p. 147 |
| Liabilities | |||||
| Total liabilitiesS$ Mil | 21,980.2 | 20,826.9 | 4,368.0 | 5,446.2 | PDF p. 147 |
| Net assets | |||||
| Net assetsS$ Mil | 28,716.7 | 25,956.4 | 19,985.4 | 18,814.6 | PDF p. 147 |
| Share capital and reserves | |||||
| Share capitalS$ Mil | 4,567.1 | 4,573.1 | 4,567.1 | 4,573.1 | PDF p. 147 |
| ReservesS$ Mil | 22,979.7 | 20,305.7 | 15,418.3 | 14,241.5 | PDF p. 147 |
| Equity attributable to shareholders of the CompanyS$ Mil | 27,546.8 | 24,878.8 | 19,985.4 | 18,814.6 | PDF p. 147 |
| Perpetual securitiesS$ Mil | 1,012.6 | 1,012.6 | - | - | PDF p. 147 |
| Equity subtotal (label not printed)S$ Mil | 28,559.4 | 25,891.4 | 19,985.4 | 18,814.6 | PDF p. 147 |
| Non-controlling interestsS$ Mil | 157.3 | 65.0 | - | - | PDF p. 147 |
| Total equityS$ Mil | 28,716.7 | 25,956.4 | 19,985.4 | 18,814.6 | PDF p. 147 |
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Definitions & sources
Original report: PDF p. 146 ↗ PDF p. 147 ↗
The report presents the income statement as consolidated. The financial statements include Group and Company statements of financial position; no separate Company income statement appears on the inspected primary statement pages.
The statement of financial position continues across physical pages 146 and 147. The report notes on both pages that accompanying notes form an integral part of the financial statements.
Consolidated Statement of Comprehensive Income
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, S$ Mil | 2025Group, S$ Mil | Source |
|---|---|---|---|
| Comprehensive income | |||
| Profit after taxS$ Mil | 5,617.3 | 4,028.4 | PDF p. 145 |
| Other comprehensive (loss)/income — items that may be reclassified subsequently to income statement | |||
| Exchange differences arising from translation of foreign operations and other currency translation differencesS$ Mil | (615.4) | (344.6) | PDF p. 145 |
| Reclassification of translation loss to income statement on deconsolidation of a subsidiaryS$ Mil | 0.6 | - | PDF p. 145 |
| Reclassification of translation loss to income statement on disposal/dilution of interest in associates/joint venturesS$ Mil | 178.7 | 34.2 | PDF p. 145 |
| Cash flow hedges — Fair value changesS$ Mil | (170.8) | (31.1) | PDF p. 145 |
| Cash flow hedges — Tax effectsS$ Mil | 16.7 | (10.5) | PDF p. 145 |
| Cash flow hedges subtotalS$ Mil | (154.1) | (41.6) | PDF p. 145 |
| Cash flow hedges — Fair value changes transferred to income statementS$ Mil | 219.6 | (0.8) | PDF p. 145 |
| Cash flow hedges — Tax effects on fair value changes transferred to income statementS$ Mil | (12.8) | 6.7 | PDF p. 145 |
| Cash flow hedges transferred to income statement subtotalS$ Mil | 206.8 | 5.9 | PDF p. 145 |
| Cash flow hedges totalS$ Mil | 52.7 | (35.7) | PDF p. 145 |
| Share of other comprehensive income of associatesS$ Mil | 14.3 | 100.5 | PDF p. 145 |
| Reclassification of share of other comprehensive gain of associates/joint ventures to income statement on disposal/dilution of interest in associates/joint venturesS$ Mil | (59.4) | (8.2) | PDF p. 145 |
| Other comprehensive (loss)/income — items that will not be reclassified subsequently to income statement | |||
| Fair value changes on Fair Value through Other Comprehensive Income (“FVOCI”) investmentsS$ Mil | 482.7 | (114.5) | PDF p. 145 |
| Other comprehensive (loss)/income | |||
| Other comprehensive income/(loss), net of taxS$ Mil | 54.2 | (368.3) | PDF p. 145 |
| Comprehensive income | |||
| Total comprehensive incomeS$ Mil | 5,671.5 | 3,660.1 | PDF p. 145 |
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Definitions & sources
Original report: PDF p. 145 ↗
The accompanying notes on pages 154 to 240 form an integral part of these financial statements.
Independent Auditors’ Report – pages 136 to 141.
Consolidated Statement of Comprehensive Income — attribution
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Attributable to shareholders of the Company, S$ Mil | 2025Attributable to shareholders of the Company, S$ Mil | Source |
|---|---|---|---|
| Total comprehensive income attributable to | |||
| Shareholders of the CompanyS$ Mil | 5,661.1 | 3,649.8 | PDF p. 145 |
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Definitions & sources
Original report: PDF p. 145 ↗
The accompanying notes on pages 154 to 240 form an integral part of these financial statements.
Independent Auditors’ Report – pages 136 to 141.
Consolidated Statement of Comprehensive Income — attribution
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Non-controlling interests, S$ Mil | 2025Non-controlling interests, S$ Mil | Source |
|---|---|---|---|
| Total comprehensive income attributable to | |||
| Non-controlling interestsS$ Mil | 10.4 | 10.3 | PDF p. 145 |
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Definitions & sources
Original report: PDF p. 145 ↗
The accompanying notes on pages 154 to 240 form an integral part of these financial statements.
Independent Auditors’ Report – pages 136 to 141.
Consolidated Statement of Comprehensive Income — attribution total
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, S$ Mil | 2025Group, S$ Mil | Source |
|---|---|---|---|
| Total comprehensive income attributable to | |||
| Attribution totalS$ Mil | 5,671.5 | 3,660.1 | PDF p. 145 |
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Definitions & sources
Original report: PDF p. 145 ↗
The accompanying notes on pages 154 to 240 form an integral part of these financial statements.
Independent Auditors’ Report – pages 136 to 141.
Consolidated Statement of Cash Flows
62 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, S$ Mil | 2025Group, S$ Mil | Source |
|---|---|---|---|
| Cash Flows From Operating Activities | |||
| Profit before taxS$ Mil | 6,167.4 | 4,593.3 | PDF p. 152 |
| Cash Flows From Operating Activities — Adjustments for | |||
| Depreciation and amortisationS$ Mil | 2,343.9 | 2,410.6 | PDF p. 152 |
| Share of results of associates and joint venturesS$ Mil | (1,945.4) | (2,569.6) | PDF p. 152 |
| Exceptional items (non-cash)S$ Mil | (3,132.0) | (1,027.4) | PDF p. 152 |
| Interest and investment income (net)S$ Mil | (91.2) | (102.9) | PDF p. 152 |
| Finance costsS$ Mil | 452.2 | 445.4 | PDF p. 152 |
| Other non-cash itemsS$ Mil | 49.1 | 38.7 | PDF p. 152 |
| Adjustments subtotalS$ Mil | (2,323.4) | (805.2) | PDF p. 152 |
| Cash Flows From Operating Activities | |||
| Operating cash flow before working capital changesS$ Mil | 3,844.0 | 3,788.1 | PDF p. 152 |
| Cash Flows From Operating Activities — Changes in operating assets and liabilities | |||
| Trade and other receivablesS$ Mil | 254.0 | (512.0) | PDF p. 152 |
| Trade and other payablesS$ Mil | (71.4) | 417.8 | PDF p. 152 |
| InventoriesS$ Mil | (20.0) | (0.5) | PDF p. 152 |
| Cash Flows From Operating Activities | |||
| Cash generated from operationsS$ Mil | 4,006.6 | 3,693.4 | PDF p. 152 |
| Dividends received from associates and joint venturesS$ Mil | 1,248.9 | 1,388.1 | PDF p. 152 |
| Income tax and withholding tax paid (Note 1)S$ Mil | (333.4) | (471.7) | PDF p. 152 |
| Payment to employees in cash under performance share plansS$ Mil | (1.8) | (0.6) | PDF p. 152 |
| Net cash from operating activitiesS$ Mil | 4,920.3 | 4,609.2 | PDF p. 152 |
| Cash Flows From Investing Activities | |||
| Payment for purchase of property, plant and equipmentS$ Mil | (2,481.6) | (2,132.8) | PDF p. 152 |
| Purchase of intangible assetsS$ Mil | (121.6) | (1,809.6) | PDF p. 152 |
| Proceeds from disposal of associates and joint ventures (Note 2)S$ Mil | 3,423.7 | 579.4 | PDF p. 152 |
| Proceeds from fixed deposits with original maturity of more than three monthsS$ Mil | 1,503.0 | 418.9 | PDF p. 152 |
| Fixed deposits with original maturity of more than three monthsS$ Mil | (1,711.3) | (397.4) | PDF p. 152 |
| Investment in associates and joint ventures (Note 3)S$ Mil | (1,013.0) | (183.5) | PDF p. 152 |
| Proceeds from partial disposal of Comcentre property (Note 4)S$ Mil | - | 1,379.6 | PDF p. 152 |
| Payment for leasehold land development costS$ Mil | - | (314.2) | PDF p. 152 |
| Contribution from non-controlling interests (Note 5)S$ Mil | 338.0 | 156.0 | PDF p. 152 |
| Payment for acquisition of FVOCI investments (Note 6)S$ Mil | (240.1) | (245.8) | PDF p. 152 |
| Proceeds from sale and leaseback of assets (Note 7)S$ Mil | 172.9 | - | PDF p. 152 |
| Proceeds from sale of FVOCI investments (Note 8)S$ Mil | 115.3 | 43.0 | PDF p. 152 |
| Interest receivedS$ Mil | 93.4 | 108.2 | PDF p. 152 |
| Repayment of loan from an associateS$ Mil | - | 69.5 | PDF p. 152 |
| Loan to joint venturesS$ Mil | (68.8) | (48.4) | PDF p. 152 |
| Withholding tax paid on intra-group interest incomeS$ Mil | (34.4) | (30.2) | PDF p. 152 |
| Proceeds from disposal of subsidiaries, net of cash balancesS$ Mil | 9.0 | 17.9 | PDF p. 152 |
| Acquisition of subsidiaries, net of cash acquiredS$ Mil | 3.9 | (12.8) | PDF p. 152 |
| Proceeds from sale of property, plant and equipmentS$ Mil | 0.5 | 0.4 | PDF p. 152 |
| Investment income received from FVOCI investments (net of withholding tax paid)S$ Mil | 0.2 | 0.2 | PDF p. 152 |
| OthersS$ Mil | 15.2 | (5.6) | PDF p. 152 |
| Net cash from/(used in) investing activitiesS$ Mil | 4.3 | (2,407.2) | PDF p. 152 |
| Cash Flows From Financing Activities | |||
| Proceeds from term loansS$ Mil | 2,159.0 | 1,625.2 | PDF p. 153 |
| Repayment of term loansS$ Mil | (1,604.7) | (1,875.9) | PDF p. 153 |
| Proceeds from bond issueS$ Mil | 363.9 | 249.1 | PDF p. 153 |
| Repayment of bondsS$ Mil | (930.6) | - | PDF p. 153 |
| Proceeds from other borrowingsS$ Mil | 33.1 | 9.0 | PDF p. 153 |
| Repayment of other borrowingsS$ Mil | (20.1) | (23.6) | PDF p. 153 |
| Lease paymentsS$ Mil | (444.0) | (444.4) | PDF p. 153 |
| Net repayment of borrowingsS$ Mil | (443.4) | (460.6) | PDF p. 153 |
| Final dividend paid to shareholders of the CompanyS$ Mil | (1,651.3) | (1,618.3) | PDF p. 153 |
| Interim dividend paid to shareholders of the CompanyS$ Mil | (1,353.7) | (1,155.9) | PDF p. 153 |
| Net interest paid (Note 1)S$ Mil | (443.2) | (576.5) | PDF p. 153 |
| Distribution paid on perpetual securitiesS$ Mil | (33.0) | (33.0) | PDF p. 153 |
| Purchase of performance sharesS$ Mil | (157.1) | (48.3) | PDF p. 153 |
| Shares repurchased and cancelledS$ Mil | (103.9) | - | PDF p. 153 |
| Dividend paid to non-controlling interestsS$ Mil | (6.5) | (6.5) | PDF p. 153 |
| Net change to other payablesS$ Mil | - | (131.2) | PDF p. 153 |
| Settlement of swaps for bonds repaidS$ Mil | (50.6) | - | PDF p. 153 |
| OthersS$ Mil | 1.4 | 2.7 | PDF p. 153 |
| Net cash used in financing activitiesS$ Mil | (4,241.3) | (4,027.6) | PDF p. 153 |
| Cash Flows | |||
| Net change in cash and cash equivalentsS$ Mil | 683.3 | (1,825.6) | PDF p. 153 |
| Exchange effects on cash and cash equivalentsS$ Mil | 15.3 | (3.7) | PDF p. 153 |
| Cash and cash equivalents at beginning of yearS$ Mil | 2,765.8 | 4,595.1 | PDF p. 153 |
| Cash and cash equivalents at end of yearS$ Mil | 3,464.4 | 2,765.8 | PDF p. 153 |
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Definitions & sources
Original report: PDF p. 152 ↗ PDF p. 153 ↗
Cash flow references Note 1 through Note 8 on the statement rows; the statement itself provides no explanatory footnote text for those references. The accompanying notes on pages 154 to 240 form an integral part of these financial statements.
Independent Auditors’ Report – pages 136 to 141.
Group Five-Year Financial Summary
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2024Group | 2023Group | 2022Group | Source |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Operating revenueS$ million | 14,261 | 14,146 | 14,128 | 14,624 | 15,339 | PDF p. 114 |
| EBITDAS$ million | 3,848 | 3,792 | 3,597 | 3,686 | 3,767 | PDF p. 114 |
| OpCo EBIT (1)S$ million | 1,504 | 1,381 | 1,153 | 1,112 | 1,045 | PDF p. 114 |
| Share of associates' pre-tax profits (2)S$ million | 2,887 | 2,499 | 2,338 | 2,287 | 2,136 | PDF p. 114 |
| Underlying net profit (3)S$ million | 2,769 | 2,470 | 2,261 | 2,053 | 1,923 | PDF p. 114 |
| Net profitS$ million | 5,606 | 4,017 | 795 | 2,225 | 1,949 | PDF p. 114 |
| Exchange rate (A$ against S$) (4)A$ against S$ | 0.853 | 0.873 | 0.884 | 0.940 | 0.997 | PDF p. 114 |
| Cash Flow | ||||||
| Free cash flow (5)S$ million | 2,439 | 2,476 | 2,569 | 2,613 | 3,081 | PDF p. 114 |
| OptusS$ million | 679 | 569 | 324 | 346 | 767 | PDF p. 114 |
| Optus (A$ million)A$ million | 796 | 647 | 356 | 342 | 776 | PDF p. 114 |
| Singtel and other subsidiariesS$ million | 637 | 663 | 973 | 875 | 858 | PDF p. 114 |
| Associates' dividends (net of withholding tax)S$ million | 1,122 | 1,245 | 1,271 | 1,392 | 1,456 | PDF p. 114 |
| Cash capital expenditureS$ million | 2,482 | 2,133 | 2,150 | 2,162 | 2,217 | PDF p. 114 |
| Capital recycling proceedsS$ million | 3,933 | 1,854 | 1,370 | 2,783 | 2,078 | PDF p. 114 |
| Balance Sheet | ||||||
| Total assetsS$ million | 50,697 | 46,783 | 46,199 | 46,530 | 49,131 | PDF p. 114 |
| Shareholders’ fundsS$ million | 27,547 | 24,879 | 23,915 | 24,992 | 27,112 | PDF p. 114 |
| Perpetual securitiesS$ million | 1,013 | 1,013 | 1,013 | 1,013 | 1,013 | PDF p. 114 |
| Total equityS$ million | 28,717 | 25,956 | 24,965 | 26,014 | 28,109 | PDF p. 114 |
| Net debtS$ million | 8,728 | 9,442 | 7,782 | 8,329 | 10,080 | PDF p. 114 |
| Key Ratios | ||||||
| Proportionate EBITDA from outside Singapore (%)% | 85 | 84 | 83 | 82 | 81 | PDF p. 114 |
| Return on invested capital “ROIC” (%) (6)% | 10.1 | 9.6 | 9.3 | 8.3 | 7.3 | PDF p. 114 |
| Underlying ROIC (%) (7)% | 11.1 | 9.8 | 9.1 | 7.9 | 6.8 | PDF p. 114 |
| Return on equity “ROE” (%)% | 21.4 | 16.5 | 3.3 | 8.5 | 7.3 | PDF p. 114 |
| Underlying ROE (%) (8)% | 15.7 | 13.7 | 12.5 | 10.8 | 9.7 | PDF p. 114 |
| Return on total assets (%)% | 11.5 | 8.7 | 1.7 | 4.7 | 4.0 | PDF p. 114 |
| Net debt to EBITDA and share of associates’ pre-tax profits (number of times)number of times | 1.3 | 1.5 | 1.3 | 1.4 | 1.7 | PDF p. 114 |
| EBITDA and share of associates’ pre-tax profits to net interest expense (number of times)number of times | 19.0 | 18.1 | 17.8 | 16.8 | 14.8 | PDF p. 114 |
| Per Share Information | ||||||
| Earnings per share – underlying net profitS cents | 16.78 | 14.96 | 13.70 | 12.44 | 11.65 | PDF p. 114 |
| Earnings per share – basicS cents | 33.98 | 24.34 | 4.82 | 13.48 | 11.80 | PDF p. 114 |
| Net assets per shareS cents | 174 | 157 | 151 | 158 | 170 | PDF p. 114 |
| Dividend per share – ordinaryS cents | 18.5 | 17.0 | 15.0 | 9.9 | 9.3 | PDF p. 114 |
| – core dividendS cents | 13.4 | 12.3 | 11.2 | 9.9 | 9.3 | PDF p. 114 |
| – value realisation dividendS cents | 5.1 | 4.7 | 3.8 | – | – | PDF p. 114 |
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Definitions & sources
Original report: PDF p. 114 ↗
Associate refers to an associate and/or a joint venture as defined under Singapore Financial Reporting Standards (International) (SFRS(I)).
(1) OpCo EBIT is defined as EBITDA less depreciation and amortisation charges.
(2) Excluded the Group’s share of the associates’ significant one-off items which have been classified as exceptional items of the Group.
(3) Underlying net profit is defined as net profit before exceptional items.
(4) Average A$ rate for translation of Optus’ operating revenue.
(5) Free cash flow refers to cash flow from operating activities, including dividends from associates, less cash capital expenditure.
(6) ROIC is defined as EBIT (post-tax) divided by average capital (excluded Optus goodwill).
(7) Underlying ROIC is defined as EBIT (post-tax) divided by average capital (excluded Optus goodwill and exceptional items).
(8) Excluded Optus goodwill and exceptional items.
(9) Excluded 5.0 cents per share of special dividend declared in FY2023.
Where the money comes from
Segment information
By business
Segment information - Group 2026 income statement items 13 lines
| Item / unit | 2026Optus | 2026Singtel Singapore | 2026NCS | 2026Digital InfraCo | 2026Corporate | 2026Intercompany Eliminations | 2026Total | Source |
|---|---|---|---|---|---|---|---|---|
| Segment results | ||||||||
| Operating revenueS$ Mil | 7,116.9 | 3,690.6 | 3,198.2 | 486.1 | - | (231.2) | 14,260.6 | PDF p. 226 |
| Operating expensesS$ Mil | (5,224.7) | (2,431.9) | (2,813.5) | (253.6) | (186.9) | 242.9 | (10,667.7) | PDF p. 226 |
| Other income/(expenses)S$ Mil | 116.1 | 119.1 | 25.4 | 2.9 | 11.7 | (20.6) | 254.6 | PDF p. 226 |
| EBITDAS$ Mil | 2,008.3 | 1,377.8 | 410.1 | 235.4 | (175.2) | (8.9) | 3,847.5 | PDF p. 226 |
| Share of pre-tax results of associates and joint ventures | ||||||||
| - AirtelS$ Mil | - | - | - | - | 1,438.6 | - | 1,438.6 | PDF p. 226 |
| - TelkomselS$ Mil | - | - | - | - | 594.8 | - | 594.8 | PDF p. 226 |
| - GlobeS$ Mil | - | - | - | - | 275.6 | - | 275.6 | PDF p. 226 |
| - AISS$ Mil | - | - | - | - | 591.8 | - | 591.8 | PDF p. 226 |
| - OthersS$ Mil | * | - | - | (4.5) | (9.7) | - | (14.2) | PDF p. 226 |
| Share of pre-tax results of associates and joint ventures (subtotal)S$ Mil | * | - | - | (4.5) | 2,891.1 | - | 2,886.6 | PDF p. 226 |
| Segment results | ||||||||
| EBITDA and share of pre-tax results of associates and joint venturesS$ Mil | 2,008.3 | 1,377.8 | 410.1 | 230.9 | 2,715.9 | (8.9) | 6,734.1 | PDF p. 226 |
| Depreciation and amortisationS$ Mil | (1,539.7) | (583.1) | (70.4) | (154.6) | (11.5) | 15.4 | (2,343.9) | PDF p. 226 |
| Earnings before interest and tax (“EBIT”)S$ Mil | 468.6 | 794.7 | 339.7 | 76.3 | 2,704.4 | 6.5 | 4,390.2 | PDF p. 226 |
Notes
“*” denotes less than +/- S$0.05 million.
Segment results are before exceptional items.
Segment information - Group 2026 segment assets 9 lines
| Item / unit | 2026Optus | 2026Singtel Singapore | 2026NCS | 2026Digital InfraCo | 2026Corporate | 2026Intercompany Eliminations | 2026Total | Source |
|---|---|---|---|---|---|---|---|---|
| Segment assets - Investment in associates and joint ventures | ||||||||
| - AirtelS$ Mil | - | - | - | - | 5,339.7 | - | 5,339.7 | PDF p. 227 |
| - TelkomselS$ Mil | - | - | - | - | 3,250.4 | - | 3,250.4 | PDF p. 227 |
| - GlobeS$ Mil | - | - | - | - | 1,737.7 | - | 1,737.7 | PDF p. 227 |
| - AISS$ Mil | - | - | - | - | 1,891.4 | - | 1,891.4 | PDF p. 227 |
| - OthersS$ Mil | 18.7 | - | - | 162.3 | 686.4 | - | 867.4 | PDF p. 227 |
| Segment assets | ||||||||
| Investment in associates and joint ventures (subtotal)S$ Mil | 18.7 | - | - | 162.3 | 12,905.6 | - | 13,086.6 | PDF p. 227 |
| Goodwill on acquisition of subsidiariesS$ Mil | 5,871.4 | - | 542.8 | - | - | - | 6,414.2 | PDF p. 227 |
| Other assetsS$ Mil | 15,185.5 | 4,767.1 | 1,774.6 | 1,818.1 | 7,794.8 | (144.0) | 31,196.1 | PDF p. 227 |
| Total segment assetsS$ Mil | 21,075.6 | 4,767.1 | 2,317.4 | 1,980.4 | 20,700.4 | (144.0) | 50,696.9 | PDF p. 227 |
Notes
Total row has no printed label.
Segment information - Group 2025 income statement items 14 lines
| Item / unit | 2025Optus | 2025Singtel Singapore | 2025NCS | 2025Digital InfraCo | 2025Corporate | 2025Intercompany Eliminations | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|
| Segment results | ||||||||
| Operating revenueS$ Mil | 7,134.1 | 3,808.5 | 2,978.7 | 434.4 | - | (209.6) | 14,146.1 | PDF p. 228 |
| Operating expensesS$ Mil | (5,314.7) | (2,429.1) | (2,655.8) | (234.2) | (159.3) | 204.2 | (10,588.9) | PDF p. 228 |
| Other income/(expenses)S$ Mil | 120.0 | 98.5 | 8.3 | 11.4 | 11.3 | (14.8) | 234.7 | PDF p. 228 |
| EBITDAS$ Mil | 1,939.4 | 1,477.9 | 331.2 | 211.6 | (148.0) | (20.2) | 3,791.9 | PDF p. 228 |
| Share of pre-tax results of associates and joint ventures | ||||||||
| - AirtelS$ Mil | - | - | - | - | 991.3 | - | 991.3 | PDF p. 228 |
| - TelkomselS$ Mil | - | - | - | - | 671.6 | - | 671.6 | PDF p. 228 |
| - GlobeS$ Mil | - | - | - | - | 269.4 | - | 269.4 | PDF p. 228 |
| - AISS$ Mil | - | - | - | - | 411.1 | - | 411.1 | PDF p. 228 |
| - IntouchS$ Mil | - | - | - | - | 150.3 | - | 150.3 | PDF p. 228 |
| - OthersS$ Mil | * | - | - | (1.0) | 6.2 | - | 5.2 | PDF p. 228 |
| Share of pre-tax results of associates and joint ventures (subtotal)S$ Mil | * | - | - | (1.0) | 2,499.9 | - | 2,498.9 | PDF p. 228 |
| Segment results | ||||||||
| EBITDA and share of pre-tax results of associates and joint venturesS$ Mil | 1,939.4 | 1,477.9 | 331.2 | 210.6 | 2,351.9 | (20.2) | 6,290.8 | PDF p. 228 |
| Depreciation and amortisationS$ Mil | (1,550.4) | (645.1) | (77.4) | (146.4) | (9.9) | 18.6 | (2,410.6) | PDF p. 228 |
| EBITS$ Mil | 389.0 | 832.8 | 253.8 | 64.2 | 2,342.0 | (1.6) | 3,880.2 | PDF p. 228 |
Notes
“*” denotes less than +/- S$0.05 million.
Segment results are before exceptional items.
Segment information - Group 2025 segment assets 10 lines
| Item / unit | 2025Optus | 2025Singtel Singapore | 2025NCS | 2025Digital InfraCo | 2025Corporate | 2025Intercompany Eliminations | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|
| Segment assets - Investment in associates and joint ventures | ||||||||
| - AirtelS$ Mil | - | - | - | - | 5,317.0 | - | 5,317.0 | PDF p. 229 |
| - TelkomselS$ Mil | - | - | - | - | 3,477.5 | - | 3,477.5 | PDF p. 229 |
| - GlobeS$ Mil | - | - | - | - | 1,822.8 | - | 1,822.8 | PDF p. 229 |
| - AISS$ Mil | - | - | - | - | 1,104.7 | - | 1,104.7 | PDF p. 229 |
| - IntouchS$ Mil | - | - | - | - | 1,464.3 | - | 1,464.3 | PDF p. 229 |
| - OthersS$ Mil | 17.7 | - | - | 92.3 | 643.3 | - | 753.3 | PDF p. 229 |
| Segment assets | ||||||||
| Investment in associates and joint ventures (subtotal)S$ Mil | 17.7 | - | - | 92.3 | 13,829.6 | - | 13,939.6 | PDF p. 229 |
| Goodwill on acquisition of subsidiariesS$ Mil | 5,857.3 | - | 543.0 | - | - | - | 6,400.3 | PDF p. 229 |
| Other assetsS$ Mil | 14,510.7 | 5,033.3 | 1,760.5 | 1,383.3 | 4,074.1 | (318.5) | 26,443.4 | PDF p. 229 |
| Total segment assetsS$ Mil | 20,385.7 | 5,033.3 | 2,303.5 | 1,475.6 | 17,903.7 | (318.5) | 46,783.3 | PDF p. 229 |
Notes
Total row has no printed label.
Reconciliation of total reportable segments’ EBIT to Group profit before tax 8 lines
| Item / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Reconciliation | |||
| EBITS$ Mil | 4,390.2 | 3,880.2 | PDF p. 230 |
| Share of exceptional items of associates and joint ventures (post-tax)S$ Mil | 9.6 | 816.8 | PDF p. 230 |
| Share of tax expense of associates and joint venturesS$ Mil | (950.8) | (746.1) | PDF p. 230 |
| Exceptional itemsS$ Mil | 3,079.4 | 984.9 | PDF p. 230 |
| Profit before interest, investment income (net) and taxS$ Mil | 6,528.4 | 4,935.8 | PDF p. 230 |
| Interest and investment income (net)S$ Mil | 91.2 | 102.9 | PDF p. 230 |
| Finance costsS$ Mil | (452.2) | (445.4) | PDF p. 230 |
| Profit before taxS$ Mil | 6,167.4 | 4,593.3 | PDF p. 230 |
Debt
Borrowings
Maturity of non-current unsecured borrowings
| Item / unit | 2026Group, 31 March 2026, S$ Mil | 2025Group, 31 March 2025, S$ Mil | 2026Company, 31 March 2026, S$ Mil | 2025Company, 31 March 2025, S$ Mil | Source |
|---|---|---|---|---|---|
| Maturity | |||||
| Between 1 and 5 yearsS$ Mil | 5,300.5 | 4,411.5 | - | - | PDF p. 211 |
| Over 5 yearsS$ Mil | 1,623.7 | 2,732.6 | 651.8 | 673.7 | PDF p. 211 |
Notes
Totals 6,924.2 / 7,144.1 / 651.8 / 673.7.
Maturity of non-current secured borrowings
| Item / unit | 2026Group, 31 March 2026, S$ Mil | 2025Group, 31 March 2025, S$ Mil | 2026Company, 31 March 2026, S$ Mil | 2025Company, 31 March 2025, S$ Mil | Source |
|---|---|---|---|---|---|
| Maturity | |||||
| Between 1 and 5 yearsS$ Mil | 2,443.9 | 1,665.7 | 125.2 | 130.3 | PDF p. 214 |
| Over 5 yearsS$ Mil | 1,210.7 | 1,393.2 | 143.0 | 174.2 | PDF p. 214 |
Notes
Totals 3,654.6 / 3,058.9 / 268.2 / 304.5.
Borrowing notes 5 tables
Borrowings (Unsecured)
| Item / unit | 2026Group, 31 March 2026, S$ Mil | 2025Group, 31 March 2025, S$ Mil | 2026Company, 31 March 2026, S$ Mil | 2025Company, 31 March 2025, S$ Mil | Source |
|---|---|---|---|---|---|
| Current | |||||
| BondsS$ Mil | 644.8 | 965.7 | - | - | PDF p. 210 |
| Bank loansS$ Mil | 33.6 | 16.0 | - | - | PDF p. 210 |
| Other borrowingsS$ Mil | 16.5 | 14.4 | - | - | PDF p. 210 |
| Non-current | |||||
| BondsS$ Mil | 5,829.7 | 6,234.6 | 651.8 | 673.7 | PDF p. 210 |
| Bank loansS$ Mil | 1,075.4 | 903.5 | - | - | PDF p. 210 |
| Other borrowingsS$ Mil | 19.1 | 6.0 | - | - | PDF p. 210 |
| Total | |||||
| Total unsecured borrowingsS$ Mil | 7,619.1 | 8,140.2 | 651.8 | 673.7 | PDF p. 210 |
Notes
Current and non-current subtotals printed: current 694.9/996.1/-/-; non-current 6,924.2/7,144.1/651.8/673.7.
Bonds - principal amount
| Item / unit | 2026Group, 31 March 2026, S$ Mil | 2025Group, 31 March 2025, S$ Mil | 2026Company, 31 March 2026, S$ Mil | 2025Company, 31 March 2025, S$ Mil | Source |
|---|---|---|---|---|---|
| Bonds principal amount | |||||
| US$2,500 million (1) (31 March 2025: US$3,000 million)S$ Mil | 3,217.4 | 4,011.4 | - | - | PDF p. 210 |
| US$500 million (1)S$ Mil | 651.8 | 673.7 | 651.8 | 673.7 | PDF p. 210 |
| US$100 million (2)S$ Mil | 129.0 | 134.1 | - | - | PDF p. 210 |
| €500 million (1)(3)S$ Mil | 710.3 | 690.6 | - | - | PDF p. 210 |
| A$500 million (3) (31 March 2025: A$850 million)S$ Mil | 440.7 | 716.3 | - | - | PDF p. 210 |
| A$400 million (2)S$ Mil | 353.4 | 336.8 | - | - | PDF p. 210 |
| S$610 million (3) (31 March 2025: S$250 million)S$ Mil | 602.1 | 250.2 | - | - | PDF p. 210 |
| HK$1,500 million (3)S$ Mil | 246.4 | 258.1 | - | - | PDF p. 210 |
| HK$750 millionS$ Mil | 123.4 | 129.1 | - | - | PDF p. 210 |
Notes
Total bonds 6,474.5 / 7,200.3 / 651.8 / 673.7. (1) Bonds listed on SGX. (2) Formed part of sustainable financing initiatives. (3) Bonds issued by Optus Group, subject to a negative pledge that limits the amount of secured indebtedness of certain subsidiaries of Optus.
Bank loans (unsecured) and 29.3 Other borrowings
| Item / unit | 202631 March 2026, S$ Mil | 202531 March 2025, S$ Mil | Source |
|---|---|---|---|
| 29.2 Bank Loans | |||
| CurrentS$ Mil | 33.6 | 16.0 | PDF p. 211 |
| Non-currentS$ Mil | 1,075.4 | 903.5 | PDF p. 211 |
| 29.3 Other borrowings | |||
| CurrentS$ Mil | 16.5 | 14.4 | PDF p. 211 |
| Non-currentS$ Mil | 19.1 | 6.0 | PDF p. 211 |
Notes
Bank loans total 1,109.0 / 919.5; other borrowings total 35.6 / 20.4. Group has certain bank borrowings subject to financial covenants and complied as at 31 March 2026. Other borrowings were capital financing from vendors.
Weighted average effective interest rates (unsecured)
| Item / unit | 2026Group, 31 March 2026, % | 2025Group, 31 March 2025, % | 2026Company, 31 March 2026, % | 2025Company, 31 March 2025, % | Source |
|---|---|---|---|---|---|
| Interest rates | |||||
| Bonds (fixed rate)% | 3.0 | 3.0 | 7.4 | 7.4 | PDF p. 212 |
| Bank loans (floating rate)% | 4.7 | 4.8 | - | - | PDF p. 212 |
| Other borrowings (fixed rate)% | 1.3 | 1.6 | - | - | PDF p. 212 |
Notes
The weighted average effective interest rates at the end of the reporting period.
Borrowings (Secured)
| Item / unit | 2026Group, 31 March 2026, S$ Mil | 2025Group, 31 March 2025, S$ Mil | 2026Company, 31 March 2026, S$ Mil | 2025Company, 31 March 2025, S$ Mil | Source |
|---|---|---|---|---|---|
| Current | |||||
| Lease liabilitiesS$ Mil | 405.0 | 472.6 | 38.4 | 45.3 | PDF p. 213 |
| Non-current | |||||
| Lease liabilitiesS$ Mil | 2,741.9 | 2,558.9 | 268.2 | 304.5 | PDF p. 213 |
| Bank loans (1)S$ Mil | 912.7 | 500.0 | - | - | PDF p. 213 |
| Total | |||||
| Total secured borrowingsS$ Mil | 4,059.6 | 3,531.5 | 306.6 | 349.8 | PDF p. 213 |
Notes
Non-current subtotal 3,654.6 / 3,058.9 / 268.2 / 304.5. (1) These bank loans formed part of the sustainable financing initiatives. Secured borrowings comprise lease liabilities and subsidiaries' bank loans secured by fixed and floating charges.
Payout
Dividends & distributions
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim dividend of 8.2 cents (2025: 7.0 cents) per share | 8.2 cents per share | Group and Company, FY2026 | PDF p. 219 |
| Interim dividend of 8.2 cents (2025: 7.0 cents) per share | 7.0 cents per share | Group and Company, FY2025 comparative | PDF p. 219 |
| final one-tier tax exempt ordinary dividend | 10.3 cents per share | Group and Company, FY2026 proposed | PDF p. 219 |
| Final dividend of 10.0 cents (2025: 9.8 cents) per share | 9.8 cents per share | Group and Company, FY2025 comparative | PDF p. 219 |
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Singtel Scrip Dividend Scheme | The Singtel Scrip Dividend Scheme will not be applied to the final dividend. | Group and Company, proposed FY2026 final dividend | PDF p. 219 |
Extracted from Singtel Annual Report 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| KPMG LLP | KPMG LLP | Group | PDF p. 143 |
| Engagement partner | Mr Malcolm Ramsay | Group | PDF p. 143 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company · As at 2026-03-31 | PDF p. 138 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Revenue recognition | Revenue recognition | Group | PDF p. 139 |
| Impairment assessment of non-financial assets – Optus Group (“Optus”) cash-generating unit (“CGU”) | Impairment assessment of non-financial assets – Optus Group (“Optus”) cash-generating unit (“CGU”) | Group | PDF p. 140 |
| Share of joint ventures’ reported contingent liabilities and provision for losses relating to regulatory litigations | Share of joint ventures’ reported contingent liabilities and provision for losses relating to regulatory litigations | Group | PDF p. 141 |
Extracted from Singtel Annual Report 2026 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Singtel Annual Report 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.