{
  "id": 16691220,
  "title": "iFast shares up 5.7% after posting rise in Q3 profit",
  "url": "https://urgent.news/2026/10/27/ifast-shares-up-5-7-after-posting-rise-in-q3-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T02:05:05.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/ifast-shares-5-7-after-posting-rise-q3-profit"
  },
  "original_language": "en",
  "account": "iFast's shares climbed 5.7 percent on Tuesday morning, following the digital bank and wealth management platform's announcement of a 24.5 percent increase in net profit for Q3 ended September 30. The company's net profit reached S$32.4 million, up from S$26 million in the same period last year. Revenue also rose 23 percent year-on-year to S$167 million, fueled by a strong performance in its core wealth management platform, iFast Global Bank, and the ePension division. Earnings per share increased to S$0.1056, while the board of directors proposed a dividend of S$0.032 per share for Q3, up 39.1 percent from S$0.023 in the previous year. The group's assets under administration grew 20 percent year-on-year to S$36.76 billion as of the end of September, driven by strong net inflows and positive financial market performance.",
  "summary": "The company’s net profit rises to S$32.4 million for Q3, from S$26 million in the year-ago period",
  "key_points": [
    "iFast shares rose 5.7% after reporting a 24.5% increase in Q3 net profit.",
    "Net profit reached S$32.4 million, up from S$26 million in the same period last year."
  ],
  "editors_take": "Strong performance in wealth management and pension services is driving significant profit growth and higher dividend payouts for the digital banking platform.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}