iFAST Third Quarter 2024 Earnings: Beats Expectations

iFAST (SGX:AIY) Third Quarter 2024 Results

Key Financial Results

• Revenue: S$99.1m (up 50% from 3Q 2023).
• Net income: S$16.8m (up 97% from 3Q 2023).
• Profit margin: 17% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: S$0.056 (up from S$0.029 in 3Q 2023).

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

iFAST Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 31%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 9.2% 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 down 1.8% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on iFAST's balance sheet.

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