iFAST Full Year 2024 Earnings: Revenues Miss Expectations

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.

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

iFAST Revenues Disappoint

Revenue missed analyst estimates by 7.2%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Capital Markets industry in Asia.

Performance of the market in Singapore.

The company's shares are up 4.1% 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've done some analysis and you can see our take on iFAST's balance sheet.

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