iFAST Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

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editorial-team@simplywallst.com (Simply Wall St)

Sun, Feb 16, 2025, 8:11 PM 1 min read

iFAST (SGX:AIY) Full Year 2024 Results

Key Financial Results

Revenue: S$383.0m (up 49% from FY 2023).
Net income: S$66.6m (up 136% from FY 2023).
Profit margin: 17% (up from 11% in FY 2023). The increase in margin was driven by higher revenue.
EPS: S$0.22 (up from S$0.096 in FY 2023).

revenue-and-expenses-breakdown — SGX:AIY Revenue and Expenses Breakdown February 17th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

iFAST EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates by 1.8%.

The primary driver behind last 12 months revenue was the Unallocated Non-Banking Operations segment contributing a total revenue of S$331.0m (86% of total revenue). Notably, cost of sales worth S$194.4m amounted to 51% of total revenue thereby underscoring the impact on earnings.Explore how AIY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Capital Markets industry in Asia.

Performance of the market in Singapore.

The company's shares are up 5.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of iFAST's balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.