Singtel’s net profit dips 2% in 9M 2024

The company attributes this to a lower exceptional gain of $680m.

Singtel has reported a 2% year-on-year net profit decrease to $2.55b during the nine months ended 31 December 2024.

The company attributes this to a lower exceptional gain of $680m, reflecting a 26.1% decrease over FY2023’s $1.2b gain.

During the period, the group’s operating revenue remained stable despite Trustwave’s deconsolidation in October 2023. EBITDA grew 6.2% driven mainly by Optus and NCS.

Further, net finance expense rose 16% due to lower dividend income following the group's sale of its Airtel Africa stake in December 2023.

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