星展集团：2025年股本回报率为16.2%

Core Viewpoint - DBS Group Holdings Limited reported strong financial performance for the year 2025, with significant growth in net profit and total revenue, driven by various business segments and effective management strategies [1] Financial Performance - The total profit before tax for 2025 reached SGD 13.1 billion, with a net profit of SGD 11 billion and total revenue of SGD 22.9 billion, resulting in a return on equity of 16.2% [1] - Net interest income for 2025 was SGD 14.5 billion, primarily supported by balance sheet hedging operations and deposit growth, which offset declines in overnight rates and foreign exchange impacts [1] Business Segments - Wealth management services contributed to record-high service fee income and sales to treasury clients, while market trading income reached its highest level since 2021 [1] - The cost-to-income ratio remained stable at 40%, indicating effective cost management alongside revenue growth [1] Dividend Distribution - The board proposed a final ordinary share dividend of SGD 0.66 per share for Q4 2025, with a total annual dividend of SGD 3.06 per share, including SGD 2.46 per share in ordinary dividends and SGD 0.60 per share in capital return dividends, amounting to a total payout of SGD 8.68 billion [1]