iFAST Corporation Ltd's Annual Report for the Financial Year Ended December 31, 2024
Summary:
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Assets Under Administration (AUA): Rose 26.2% year-on-year to S$25.01 billion, a new record.
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Net Profit: Increased by 46.3% year-on-year in 4Q2024 to S$19.28 million.
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Gross Revenue: Grew by 26.7% year-on-year in 4Q2024 to S$104.14 million.
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Operating Expenses: Rose 31.2% year-on-year to S$165.64 million in FY2024.
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Cash and Cash Equivalents: Increased to S$479.66 million as of September 30, 2024, from S$307.85 million at the end of 2023.
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Segment Performance:
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iFAST Global Bank: Turned a profit of S$0.30 million in 4Q2024 after a loss of S$2.57 million the year before.
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Hong Kong ePension Division: Net revenue surged 124.9% year-on-year to S$28.63 million in 3Q2024.
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Note: All data is sourced from iFAST Corporation Ltd's Annual Report for the financial year ended December 31, 2024.