Summary: DBS Group Holdings reported a 2% decrease in net profit to $2.9 billion in 1QFY2025 due to higher tax expenses from the global minimum tax. Despite this, profit before tax rose by 1% to a record $3.44 billion, driven by robust business growth and a 6% increase in total income. The bank declared a total dividend of 75 cents per share.

Link: https://www.theedgesingapore.com/capital/results/dbss-1qfy2025-net-profit-down-2-y-o-y-29-bil-declares-total-dividend-75-cents-share