Singtel shares close up 4.7% after underlying Q1 net profit grows 21%

[SINGAPORE] Singtel shares ended 4.7 per cent higher at S$4.45 on Friday (Aug 14), a day after it reported its first-quarter results.

The telecommunications giant’s Q1 net profit was down 71.6 per cent at S$818 million, despite exceptional gains from the sale of a partial stake in Airtel and the Intouch-Gulf Energy merger creating one-off gains in Q1 2025.

The counter dropped 0.9 per cent to S$4.25 on Thursday, after the results.

Despite the overall net profit decline, Singtel’s underlying net profit for the three months to Jun 30 was up 21 per cent at S$831 million, driven by Airtel, AIS, NCS, Optus and the group’s Digital InfraCo arm.

Shares of Singtel climbed as high as S$4.43 as at 11.50 am on Friday, with about 22.4 million securities traded.