UOB Q2 profit falls 6% to S$1.34 billion

[SINGAPORE] UOB’s net profit for the second quarter fell as net interest income eased on lower margins.

Net profit for the three months ended Jun 30, 2025, stood at S$1.34 billion, compared with S$1.43 billion in the same period a year earlier, UOB said on Thursday (Aug 7).

The result missed the S$1.48 billion consensus estimate in a Bloomberg poll of six analysts.

The lender declared an interim dividend of 85 Singapore cents per share for the half-year ended Jun 30, down from 88 cents in the previous year. A second tranche of UOB’s 50 cents special dividend will also be paid out to shareholders.

Net interest income for the quarter fell 3 per cent to S$2.34 billion, as net interest margin declined 14 basis points to 1.91 per cent, from 2.05 per cent a year ago.

Non-interest income increased 5 per cent to S$1.13 billion, on broad-based growth across wealth management, loan-related services and credit card fess, along with higher customer-related treasury income and improved trading and liquidity management performance.

The non-performing loan ratio came in at 1.6 per cent, compared with 1.5 per cent a year ago.

Total allowances rose 20 per cent to S$279 million.

For the first half, net profit fell 3 per cent year on year to S$2.83 billion. Total income for the period was up 2 per cent at S$7.12 billion, from S$7 billion.

Shares of UOB closed 0.2 per cent or S$0.08 higher at S$36.45 on Wednesday, before the announcement.