iFast targets higher dividend payout ratio amid growth across business units
Customer accounts in iFast have crossed the one-million mark, and customer deposits in iFast Global bank hit S$1.5 billion at the end of Q2 2025
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[SINGAPORE] Digital bank and wealth management platform iFast is targeting a payout ratio of between 25 and 30 per cent as profitability improves across the business.
“We have come to a stage where we feel comfortable that we can start to increase the dividend more significantly,” said CEO Lim Chung Chun at a briefing on Monday (Jul 28).
This has resulted in an expected dividend per share of S$0.08 for FY2025, a 35.6 per cent increase from S$0.059 in FY2024. The second interim dividend of S$0.02 per share for the first half of 2025 is also an increase of 33.3 per cent from the second interim dividend of S$0.015 in H1 2024.
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