Singtel’s Underlying Profit Rises 10% as It Raises Operating Earnings Outlook

Singapore, 13 November 2026 – Singapore Telecommunications Limited reported a 10% rise in underlying net profit to SGD 1.49 billion for the six months ended 30 September 2026. On 13 November, Singtel also raised its forecast for full-year operating-company earnings before interest and tax, or EBIT, to mid- to high-single-digit growth from low to mid single digits. Reported net profit moved in the opposite direction, falling 55% to SGD 1.54 billion after large one-off gains lifted the prior-year result.

For Asian investors, the two profit figures answer different questions. Underlying profit shows how earnings changed after stripping out exceptional items, while the reported result captures those items when they occur. The guidance upgrade concerns the operating companies’ EBIT, not total group net profit or an assurance that every unit will grow at the same rate. It gives shareholders a clearer indication of how management expects the businesses it operates to perform.