Singtel 9M profit more than doubles to $5.3b on $3.2b Airtel stake sale

Underlying profit rose 12% despite slight revenue decline.

Singtel Group’s net profit for the nine months ended 31 December 2025 rose 107.6% to $5.30b, boosted by $3.2b in exceptional gains from the sale of Airtel shares.

Underlying net profit, excluding one-time items, increased 12.2% to $2.10b, whilst operating revenue slightly declined 0.5% to $10.57b.

OpCo EBIT rose 10.2% to $1.19b, driven by NCS and Optus Australia, which had a 38% and 28% increase, respectively.

Singtel Singapore EBIT fell 3% to $635m, weighed by price competition in consumer and broadband segments.

Regional associates contributed $1.45b to post-tax profit—adding 13%—with Airtel India ARPU rising to Rs. 259 from Rs. 245. AIS profit grew 44% to $340m, Telkomsel fell 13% to $358m, and Globe remained flat at $171m.

The group realized $1.50b from selling a 0.8% stake in Airtel in November 2025, reducing its effective stake to 27.3%. Singtel also committed $740m for a 25% stake in STT GDC.

Cost savings totaled $0.2b, and dividends from regional associates reached $1.1b. The company maintains its forecast for OpCo EBIT growth in the high single digits to low double digits for the full year.