Singtel stock: Group lifts outlook as underlying profit gains
Published on 11/14/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSHigher outlook offsets one-off comparison
- Singtel lifted its full-year operating earnings growth outlook to the mid-to-high single digits.
- Underlying first-half profit rose 10 percent, while reported net income fell after prior-year exceptional gains faded.
On Friday, November 13, Singtel lifted its full-year outlook for operating earnings growth after a stronger first-half performance. The Singapore telecom group now expects growth in the mid-to-high single digits, compared with its previous low-to-mid single-digit forecast.
The upgrade came alongside a mixed first-half result. Morningstar, carrying a Dow Jones report, said underlying net profit rose 10 percent to S$1.49 billion for the six months ended September 30. Operating revenue increased 6 percent to S$7.29 billion.
One-off gains distort net income
Reported net profit fell 55 percent to S$1.54 billion. The comparison reflects the absence of S$2.21 billion in exceptional gains recorded a year earlier from the partial sale of Bharti Airtel and the merger of Intouch Holdings with Gulf Energy.
Underlying performance was supported by double-digit operating earnings growth at NCS, Singtel's information-technology services arm, its data-center business and Australian unit Optus. The outlook upgrade therefore gives investors a clearer read on recurring operating momentum than the headline net-profit decline.
Higher interim dividend approved
The board approved an interim dividend of 9.0 Singapore cents per share, up from 8.2 Singapore cents a year earlier. The payout combines a core dividend of 7.1 Singapore cents and a value-realisation dividend of 1.9 Singapore cents.
Singtel at a glance
- Company: Singtel
- ISIN: SG1T75931496
- Reporting period: Six months ended September 30
- Announcement date: November 13, 2026
- Interim dividend: 9.0 Singapore cents per share
Singapore equities remain sensitive to regional telecom competition, interest rates and technology infrastructure spending. Current market reports provide the broader market context.
