Link: https://links.sgx.com/1.0.0/corporate-announcements/39TYTDHKLBAKK9UJ/fe7c5e1900d49c6061b0294670bf391610536c8a2f825a0054695fce61eca981

Summary:

• Q3 2025 net income totaled $3.9 billion, a decrease of $185 million year-on-year, driven by a $365 million increase in provision for credit losses.

• Net revenues for Q3 2025 were $7.3 billion, mostly flat against Q3 2024 figures.

• Provision for credit losses reached $338 million in Q3, mainly from new single-family loan purchases and delinquencies in multifamily loans.

• Year-to-date (Jan–Sep 2025) net income was $10.8 billion, down $2.0 billion compared to prior year, mainly due to higher credit loss provisions and decreased fair value gains.

• Net worth rose by $10.8 billion year-to-date to $105.5 billion as of September 30, 2025.

• National home price growth forecast for full-year 2025 is 2.5%; company expects slower GDP growth and a modest increase in unemployment for Q4.