---
title: "IFAST's net profit in the first quarter increased by 47.3% year-on-year to 28.05 million yuan, announcing a target of 100 billion yuan in administrative management asset scale | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283858740.md"
description: "iFAST Corp reported a year-on-year net profit increase of 47.3% to SGD 28.05 million for the first quarter ending in March, with total revenue growing by 44.5% to SGD 154.46 million. The profit growth was mainly attributed to the ePension platform in Hong Kong and its core wealth management platform business. The board of directors proposed an interim dividend of SGD 0.025 per share, a year-on-year increase of 56.3%; the total annual dividend is expected to be SGD 0.105, an increase of at least 25% year-on-year. iFAST Corp also announced a target to achieve SGD 100 billion in assets under administration by 2030"
datetime: "2026-04-23T15:07:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283858740.md)
  - [en](https://longbridge.com/en/news/283858740.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283858740.md)
---

# IFAST's net profit in the first quarter increased by 47.3% year-on-year to 28.05 million yuan, announcing a target of 100 billion yuan in administrative management asset scale | Lianhe Zaobao

Main board listed company iFAST Corp reported a year-on-year net profit increase of 47.3% to SGD 28.05 million for the first quarter ending March, with total revenue growing by 44.5% to SGD 154.46 million.

iFAST Corp stated on Thursday (April 23) when releasing its first-quarter results that the increase in profit was mainly due to the growth of its ePension business in Hong Kong and the continued growth of the group's core wealth management platform business. It expects revenue and profit to maintain good growth in the fiscal year 2026.

The board proposed an interim dividend of SGD 0.025 per share, a year-on-year increase of 56.3%; the total annual dividend is expected to be SGD 0.105, an increase of at least 25% year-on-year.

#### Extended Reading

iFAST Corp appoints Chen Chenghong as new Chief Operating Officer iFAST Corp's fourth-quarter net profit surged 70% to SGD 32.90 million, banking business turned profitable

iFAST Corp also announced its goal to achieve an administrative assets under management (AUA) scale of SGD 100 billion by 2030. The group reported a net inflow of SGD 1.25 billion in the first quarter of fiscal year 2026, setting a new high for administrative assets under management at SGD 32.64 billion.

The 2030 vision for the group's administrative assets under management implies a compound annual growth rate of 25.6%, with significant growth coming from Singapore (compound annual growth rate of 22.5%), Hong Kong (compound annual growth rate of 26.2%), and the UK (compound annual growth rate of 56.9%).

If the net revenue margin for the administrative assets under management is approximately 60 basis points, when the SGD 100 billion target is achieved, the potential net revenue is expected to be around SGD 600 million IFAST's stock price fell by 1.15% on Thursday, closing at 9.49 yuan

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