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DBS, Singtel help lift Temasek’s portfolio to record S$434 billion

Total shareholder returns remain steady: 10-year return dips one point to 5% while 20-year figure comes in unchanged at 7%

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Navene Elangovan

Navene Elangovan

Published Wed, Jul 9, 2025 · 03:00 PM
    • The Singapore investment company's portfolio received a boost from its direct investments in China, the US and India.
    • The Singapore investment company's portfolio received a boost from its direct investments in China, the US and India. PHOTO: BT FILE

    [SINGAPORE] Temasek posted a record net portfolio value (NPV) of S$434 billion for the financial year ended Mar 31, driven by the strong performance of its Singapore-based portfolio companies such as DBS and Singtel .

    “Their robust returns have uplifted our portfolio value and provided liquidity for our investment activities,” said Lim Ming Pey, chief of staff at Temasek’s executive office.

    The Singapore investment company’s portfolio also received a boost from its direct investments in China, the US and India.

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