Link: https://links.sgx.com/1.0.0/corporate-announcements/3WNTBMJBT7HN1FJO/cec75149ae5190090546210776f37f2974c582db47d3284b37d52ad0ef224d32

Summary:

• Group achieved a record operating profit before allowances and tax of $25.9 million, up 32% year-on-year.

• Net profit after tax rose to $21.7 million, a 35% increase from 1H 2024.

• Total income reached $40.8 million (+21%), with net interest income up 17% to $35.6 million, and non-interest income up 53% to $5.2 million.

• Net interest margin expanded to 2.15% (from 1.92% a year ago).

• Customer loans up 2% to $2.63 billion; non-performing loan ratio improved to 0.2%.

• Return on equity rose to 9.1% (from 7.4%).

• Capital adequacy ratio healthy at 14.9%.

• Total assets: $3.49 billion; equity: $474.6 million.

• No dividend recommended for 1H2025.

• Operating costs up 5%, driven mainly by higher staff expenses.

• Resilient loan portfolio and strong liquidity maintained in a volatile macro environment.