Investment Gains Lift MAS' Net Profit to $19.7b

This is a sharp increase from the net profit of $3.8b for the preceding fiscal year

- Angela Tan

A better-than-expected performance of the global financial markets has propelled the Monetary Authority of Singapore (MAS) to generate higher net profits driven by investment gains.

The MAS said on July 15 that it recorded a net profit of $19.7 billion in the fiscal year ended March 31, 2025. This is up sharply from the net profit of $3.8 billion for the preceding fiscal year.

The central bank's managing director Chia Der Jiun told a media briefing the $19.7 billion net profit was driven by investment gains of $31.4 billion from the management of MAS' foreign investments.

For the year ended March 31, 2024, MAS reported $12.7 billion in investment gains.

Global markets generally performed well, amid resilient global growth and moderating inflation.

The investment gains were mainly from interest income, dividends and realised gains from the management of MAS' foreign investments. All major asset classes including developed markets and emerging markets bonds and equities posted positive returns.