iFAST Corporation Ltd. (IFSTF) Q3 2026 Earnings Call October 26, 2026 11:00 PM EDT
Company Participants
Tin Niam Wong – Executive Director of Corporate Communications & Executive Director
Weide Lin – Group Chief Financial Officer
Chung Chun Lim – Group CEO & Executive Chairman
Conference Call Participants
Jayden Vantarakis – Macquarie Research
Aakash Rawat – UBS Investment Bank, Research Division
Ruiwen Lim – DBS Bank Ltd., Research Division
Presentation
Tin Niam Wong
Executive Director of Corporate Communications & Executive Director
Hi, everyone. Welcome to iFAST Corporation’s Third Quarter 2026 and 9 months 2026 results presentation. I am JP from the Corporate Comms team. From the iFAST team, we also have our group CEO, Chung Chun; and our Group CFO, Terence, with us. We also have members from our Corporate Comms and Finance team. So I will run through the key summary as well as the business update before having Terence go through the financial results. And thereafter, we will have the Q&A session.
So I’ll start off with a key summary. So in third quarter 2026, the group posted a 24.5% year-on-year increase in net profit, which stood at $32.37 million. This is on the back of a 23% year-on-year increase in total revenue to $167 million. The increase in profitability was driven mainly by the Group’s core Wealth Management platform as well as our bank in the U.K., which is iFAST Global Bank. The Group’s assets under administration or AUA increased 20% year-on-year to a new record high of $36.76 billion at the end of third quarter. Our net inflows in third quarter 2026 was a healthy $1.24 billion. iFAST Global Bank built on its first full year of profitability in 2025 by reporting a 964% year-on-year increase in pretax profit to $3.29 million in third quarter of 2026. The sharp increase in profitability was achieved on the back of a 67% year-on-year increase in net revenue for the Banking business.