Annual Report 2025

Annual Report 2025

Letter to Shareholders

"In 2025, the Group delivered excellent underlying performance, reflecting the strength and resilience of our businesses."

Teo Ming Kian, Chairman
Vincent Chong Sy Feng, Group President and CEO

Financial Highlights

1 Base Operating Performance (BOP) refers to reported financial results adjusted to exclude (i) gains on divestments of subsidiary, LeeBoy, and divestments of shareholding interests in CityCab, STARCO and SPTel, and (ii) one-off impairment losses related to iDirect group and Jet-Talk.

Annual Report 2025

Past Annual Reports