Singtel's profit soars 317.4% to $2.9b on exceptional gains in Q1

Singtel on Aug 13 posted a higher net profit for its first quarter ended June 30, 2025, at $2.9 billion, up 317.4 per cent from $690 million in the year-ago period.

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The bottom-line growth came as the telco recorded exceptional gains amounting to around $2.2 billion, primarily from the sale of its partial stake in Airtel and the Intouch-Gulf Energy merger.

Meanwhile, Singtel's underlying net profit rose 13.9 per cent on the year to $686 million, from $603 million.

The exceptional gains included a net gain of around $1.5 billion from Singtel's divestment of its 1.2 per cent stake in its India associate Airtel in May. They also included a net gain of $746 million from the merger of Singtel's former associate Intouch with Thailand-incorporated holding company Gulf Energy Development in April.