Company Reports

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. The company’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-market investments hold a significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends, with the company committing to a 70%-90% dividend payout ratio.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. The company’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-market investments hold a significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends, with the company committing to a 70%-90% dividend payout ratio.

Singtel's fiscal 2026 result was solid, with 5% revenue growth and preassociate EBITDA growth of 9%. Constant-currency revenue growth of 0.4% and EBITDA growth of 4.1% were slightly less impressive. Still, the company is on track for fiscal 2027 guidance of low- to mid-single-digit operating profit.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. The company’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-market investments hold a significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends, with the company committing to a 70%-90% dividend payout ratio.

Singtel's fiscal 2026 results were solid, with 2% revenue and preassociate EBITDA growth. 22% growth in associate contributions and a 4% lower depreciation drove 16% underlying profit growth. Fiscal 2027 guidance is for low- to mid-single-digit operating profit.

Singtel's December-quarter result was highlighted by strong revenue and profit growth from Optus and NCS, partially offset by a weak performance from Singtel domestic. Consolidated revenue was up 2.1% with operating profit up 5.3%, and underlying net profit up 14%.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. Singtel’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-markets investments hold significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends with the company committing to a 70%-90% dividend payout ratio.

A KKR and Singtel consortium has announced a deal to buy the remaining 82% of global data center firm STT GDC for SGD 6.6 billion. Upon completion of the deal, Singtel will own 25% of STT GDC, with KKR owning the rest. Singtel will account for STT GDC as an associate.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. Singtel’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-markets investments hold significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends with the company committing to a 70%-90% dividend payout ratio.

Singtel's first-half result was highlighted by strong revenue and profit growth from Optus and NCS, partially offset by a flattish performance from Singtel domestic. Consolidated revenue was down 1.2%, with operating profit up 13% and underlying net profit up 14%.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. Singtel’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-markets investments hold significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends with the company committing to a 70%-90% dividend payout ratio.

Singtel's first-quarter highlights were strong revenue and profit growth from Optus and NCS, partially offset by flattish performance from Singtel domestic. Consolidated revenue was down 0.6% with operating profit up 9.6%, and underlying net profit up 14%.

Singtel's fiscal 2025 result was again highlighted by strong mobile revenue growth from Optus and decent cost control from both Optus and Singapore domestic. Consolidated revenue was up 2%, with EBITDA up 3%, and underlying net profit up 9%.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. Singtel’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-markets investments hold significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends with the company committing to a 70%-90% dividend payout ratio.

Singtel's fiscal third quarter was again highlighted by strong mobile revenue growth from Optus and decent cost control from both Optus and Singapore domestic. Consolidated revenue and EBITDA were both up 1%, with operating profit up 22% due to reduced depreciation and 32% growth from associates.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. Singtel’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-markets investments hold significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends with the company committing to a 70%-90% dividend payout ratio.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. Singtel’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-markets investments hold significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends with the company committing to a 70%-90% dividend payout ratio.

Singtel's first-half result was highlighted by strong mobile revenue growth from Optus and good cost control from both Optus and Singapore domestic. Consolidated revenue was flat, with underlying EBITDA up 9% and underlying net profit up 6%.

Singtel is the incumbent telecommunications company in Singapore and has expanded into emerging markets in the Asia-Pacific region and India. Singtel’s solid free cash flow is supported by its market-leading position in Singapore and as the second-largest service provider in Australia. Emerging-markets investments hold significant presence in their respective markets and deliver cash flow through dividends to the group. Along with consistent dividend streams from its investments, we expect Singtel to deliver moderate growth in profits and free cash flow despite strong competition in its core Australian and Singapore markets. Most excess cash generated from its core telecom businesses and investments will likely be paid back to shareholders through dividends with the company committing to a 70%-90% dividend payout ratio.

Competition has intensified in Australia and profitability in Singtel's Optus business has declined greatly. Optus' operating profit exceeded AUD 1 billion in fiscal 2019 and now down about 80%, a swift and substantial fall.