DBS Group reported a record profit before tax of SGD 13.1 billion for 2025, supported by higher total income and resilient fee and trading performance despite a challenging interest rate environment. Total income rose 3% year on year to a new high of SGD 22.9 billion, while strong deposit growth and proactive hedging helped offset pressure from lower rates and a stronger Singapore dollar. Net profit declined 3% to SGD 11.0 billion due to higher tax expenses following the implementation of the global minimum tax, with return on equity at a robust 16.2%.

The board proposed a final ordinary dividend of 66 cents per share, lifting the full-year dividend to SGD 3.06 per share, including capital return dividends, up 38% from the previous year. Asset quality remained sound with a stable NPL ratio of 1.0%, while loans and deposits recorded solid growth. DBS said strong wealth management fees, record deposit inflows, and disciplined cost control underpin its confidence heading into 2026 despite ongoing rate and geopolitical headwinds.