The Business Times
business-time-50

StashAway’s Singapore operations turn Ebitda positive in FY2024

The company’s main market – Singapore – is the key driver for revenue growth

Summarise
google-preferred-sourceAdd BT as a preferred source
Benjamin Cher

Benjamin Cher

Published Mon, Jun 30, 2025 · 07:00 AM
    • Michele Ferrario, co-founder and chief executive officer of StashAway, said: “This growth has been driven by mostly current customers continuing to invest with us.”
    • Michele Ferrario, co-founder and chief executive officer of StashAway, said: “This growth has been driven by mostly current customers continuing to invest with us.” PHOTO: STASHAWAY

    [SINGAPORE] Wealth platform StashAway’s Singapore market has turned earnings before tax, interest, depreciation and amortisation (Ebitda) positive in FY2024 ending Dec 31.

    On a group level across Singapore, Malaysia, Dubai, Hong Kong and Thailand, Ebitda loss narrowed to S$5.3 million for 2024 from S$8 million in 2023. Revenue for 2024 jumped 36 per cent to S$14.8 million, from S$10.9 million in 2023.

    Michele Ferrario, co-founder and chief executive officer of StashAway, said: “This growth has been driven by mostly current customers continuing to invest with us.”

    StashAway

    TRENDING NOW

    The firm said it “periodically reviews its organisational structure” to ensure it remains aligned with its strategic priorities and long-term business needs.

    CapitaLand Investment retrenches 90 Singapore staff in 2026 as part of restructuring

    The list names (clockwise from top left) Meta’s Eduardo Saverin, CDL’s Kwek Leng Beng, Sea’s Forrest Li, Sheng Siong’s Lim Hock Chee, FEO’s Robert and Philip Ng.

    Wealth of Singapore’s 50 richest diverges as OCBC, Sheng Siong boom offsets tech slide

    Bali’s property market has been on a tear since the pandemic, with the tourism rebound and strong foreign demand driving prices higher.

    Can Bali swop beach capital for global capital without the skyscrapers?

    Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

    Canada’s fight with the US has far bigger stakes than trade

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More