Singapura Finance Ltd posted a profit after tax of S$5.86 million for the six months ended Jun 30 2026, up 76.2 per cent year-on-year, lifted chiefly by a jump in net interest income and tighter cost control.

Earnings per share rose to 7.38 Singapore cents from 4.19 cents a year earlier. The board did not declare an interim dividend; the group pays dividends once a year and most recently distributed a 3.5-cent final and special dividend in May.

Total income climbed 33.0 per cent to S$18.13 million, driven by a 31.6 per cent rise in net interest income to S$17.54 million as financing volumes grew and funding costs fell. Non-interest income nearly doubled to S$0.59 million, helped by higher loan processing fees. Operating expenses eased 8.5 per cent to S$10.0 million, cutting the cost-to-income ratio to 55.0 per cent from 79.9 per cent.

Pre-tax profit surged 77.0 per cent to S$7.01 million despite a swing to S$1.16 million in loan-loss allowances, compared with a S$1.22 million write-back a year earlier. The group said the charge reflected additional provisions on credit-impaired loans and lower collective write-backs.

Total assets expanded 17.2 per cent from a year ago to S$1.70 billion, underpinned by a 23.3 per cent increase in net loans to S$1.37 billion. Customer deposits grew 21.3 per cent to S$1.42 billion, keeping the loans-to-deposits ratio broadly stable at 96.8 per cent. Asset quality remained resilient, with the non-performing loan ratio improving to 1.74 per cent for collateralised exposures (2.33 per cent a year earlier).

Looking ahead, the company noted that Singapore’s Ministry of Trade and Industry expects full-year 2026 GDP growth of 2.0-4.0 per cent but cautioned that external uncertainties—including geopolitical tensions and slowing regional economies—could temper momentum. Singapura Finance said it will maintain a “prudent outlook”, continue monitoring credit conditions closely and pursue selective growth opportunities while safeguarding asset quality.