Singtel CEO pay increased 16.8% to S$8.2 million after net profit up 400% to S$4.02 billion

Singtel Group's chief executive officer (CEO) Yuen Kuan Moon, 58, received a remuneration of S$8.2 million for financial year (FY) 2025, which ended on Mar. 31, 2025.

This marks a 16.8 per cent jump from his remuneration the previous year, which amounted to S$7.02 million, according to Singtel's annual report 2025.

Yuen's increased remuneration was made public together with Singtel's financial performance in the last financial year.

In particular, the company's underlying net profit, which excludes exceptional and non-recurring incomes and expenses from its net profit, rose by 9 per cent to S$2.47 billion.

As a result, Singtel will pay a total ordinary dividend of 17 cents for FY2025.

Yuen's remuneration aligned with Singtel's 'strong performance'

According to Singtel, Yuen's remuneration, which included salary, benefits, cash bonus, restricted share award, and performance share award, is aligned with the company's "strong performance and long-term value creation objectives".

Elaborating on his contributions to the company, Singtel said Yuen has led the company through "a strategic reset to reposition the organisation for long-term growth" since assuming the role of CEO in January 2021.

Following the "successful completion" of the strategic reset, which lasted three years, Singtel embarked on Singtel28, a multi-year growth plan "focused on enhancing customer experience, scaling digital business, and delivering sustained shareholder value".

In FY2025, the first year of execution under Singtel28, the company delivered strong financial results under Yuen's leadership, according to the report.

Besides an increased underlying net profit, Singtel also reported a net profit of S$4.02 billion in FY2025, which was more than five times its FY2024 net profit.

This amount was largely due to exceptional gains from Singtel's partial divestment of its Comcentre headquarters in Somerset, which will be redeveloped into "a S$3 billion world-class sustainable workplace" by a joint venture between Singtel and Lendlease.

"With a strong first year of execution under Singtel28, the Group is well-positioned to build further momentum, scale its growth platforms, and reinvest for long-term, sustainable returns," read the report.

Top images via Singtel & 扛起滑板就跑/Xiaohongshu