{
  "id": 720280,
  "title": "Singtel Q1 gain drops 71% to S$818 million in absence of Airtel stake sale; weaker Singapore business",
  "url": "https://urgent.news/2026/08/13/singtel-q1-gain-drops-71-to-s-818-million-in-absence-of-airtel-stake",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-13T00:44:37.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/singtel-q1-gain-drops-71-s818-million-absence-airtel-stake-sale-weaker-singapore-business"
  },
  "original_language": "en",
  "account": "Singtel reported a significant 71.6% drop in its Q1 net profit to S$818 million, falling from S$2.88 billion the previous year. The decrease was mainly due to the absence of exceptional gains from selling a stake in Airtel and the merger of Intouch-Gulf Energy recognized in the previous quarter. Underlying net profit, however, was up 21% at S$831 million, driven by strong performances from Airtel, AIS, NCS, Optus, and the Digital InfraCo arm. Operating revenue grew 4.9% to S$3.6 billion, while EBITDA increased 8.7% to S$1.1 billion. However, Singtel Singapore's operating revenue fell 3.1% to S$901 million, primarily due to intense price competition and lower mobile and IT services. Despite this, the company remains focused on executing its tri-brand strategy to serve different customer segments. Regional associates' contributions grew at double-digit rates, with Airtel's post-tax contribution rising 15.9% and AIS' by 32.7%. Digital InfraCo's EBITDA increased 20.8% to S$70 million. Despite intense competition in Singapore, the regional associates, Optus, and growth investments delivered year-on-year expansion, even in a challenging macro environment.",
  "summary": "The group’s underlying profit still robust at S$831 million, up 21% from before",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Singtel Q1 profit falls 71% in absence of Airtel stake sale, sees weaker Singapore business",
        "url": "https://urgent.news/2026/08/13/singtel-q1-profit-falls-71-in-absence-of-airtel-stake-sale-sees",
        "published": "2026-08-13T01:15:11.000Z"
      }
    ]
  },
  "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."
}