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1 Goh Chin Yee Group Chief Financial Officer 25 February 2026 OCBC Full Year 2025 Results Presentation OCBC Financial Results
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Agenda 01 Financial Highlights 02 Group Performance Trends Notes: - Certain comparative figures have been restated to conform with the current period’s presentation; - Amounts less than S$0.5m are shown as “0”; - “nm” denotes not meaningful; - “na” denotes not applicable; - Figures may not sum to stated totals because of rounding.
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▪ Profit before tax up 2% YoY , driven by record total income and well-managed expenses ➢ NII down 6% in declining interest rate environment, partly mitigated by 8% increase in average assets ➢ Non-II grew 16%; double-digit growth across fee, trading and insurance income • Fees up 22%; broad-based growth especially from Wealth • Trading income rose 10%; record customer flow income • Insurance income grew 17%; strong underlying performance ➢ Expenses up 2%; CIR at 40.2% ▪ Asset quality stayed resilient; credit costs lower at 17bps ▪ Capital position remained strong; CET1 CAR1/ at 15.1% ▪ Final dividend of 42 cents and special dividend of 16 cents proposed; committed to complete capital return plan by FY26 Performance highlights 3 Record FY25 pre-tax profit driven by broad-based growth in Non-II 1/ Refers to fully phased-in CET1 CAR. Computed based on MAS’ final Basel III reform rules with effect from 1 July 2024, and assumed the position at period end was subject to the full application of final Basel III reforms, which will take effect on 1 January 2029. S$341b unchanged YoY Customer Loans Customer Deposits +10% YoYS$428b NPL Ratio 0.9% +9% YoY (in constant currency terms) ROE 12.6% -1.1ppt YoY Total Dividend 99 cents 60% payout ratio EPS S$1.63 -3% YoY Group Net Profit -2% YoYS$7.42b Profit before tax +2% YoYS$9.12b
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(S$m) 4Q25 YoY QoQ FY25 YoY Net Interest Income 2,296 -6% +3% 9,150 -6% Non-Interest Income 1,320 +37% -16% 5,464 +16% Total Income 3,616 +6% -5% 14,614 +1% Operating Expenses 1,559 – +3% 5,882 +2% Operating Profit 2,057 +11% -10% 8,732 – Allowances 200 -4% +44% 665 -4% Profit before tax 2,113 +12% -12% 9,123 +2% Net Profit 1,745 +3% -12% 7,422 -2% Group Performance 4Q25 net profit up 3% YoY; 12% lower QoQ from seasonality factors 4 Performance highlights
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48.8% 50.7% 34.6% 48.2% 5 1/ Wealth Management income comprises the consolidated income from private banking, premier private client, premier banking, insurance, asset management and stockbroking. ■ Record Group WM income, up 14%, driven by growth across all wealth products and segments, a 15% increase in AUM and higher invested AUM ■ Profit contribution from GEH rose 28% YoY; stronger insurance and investment performance, and increased shareholdings in GEH ■ Banking Operations profit before tax down 2% YoY , mainly due to lower NII, partly cushioned by 14% broad- based growth in Non-II Well-diversified franchise supported growth Performance highlights Total Income (S$m)Profit before tax (S$m) 319 341 Dec 24 Dec 25 Customer Loans (S$b) 391 428 Dec 24 Dec 25 Customer Deposits (S$b) and CASA ratio Banking WM AUM (S$b)Group WM Income (S$m) 299 343 Dec 24 Dec 25 Profit contribution from GEH (S$m) NBEV (S$m) and Margin 1/ Banking Wealth Management Insurance +10% +15% InsuranceBanking As % of Group income (in constant currency terms) 7,804 7,650 FY24 FY25 -2% 9,583 8,945 3,465 3,947 13,047 12,892 FY24 FY25 34% 38% 3,491 3,881 1,426 1,722 4,917 5,603 FY24 FY25 882 1,125 FY24 FY25 622 740 FY24 FY25 +28% +19% -1% +14% Total Weighted New Sales (S$m) 1,796 1,535 -15% +9% Non-Interest Income Net Interest Income
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Earnings diversified across businesses and geographies 6 1/ Operating profit by key businesses excluded associates and the “Others” segment (comprise mainly property holding, investment holding and items not attributable to the key business segments). Operating Profit by Key Businesses 1/ Operating Profit by Geography 56% 12% 6% 20% 6% 52% 14% 6% 21% 7% Singapore Malaysia Indonesia Greater China Others FY25 FY24 51% 27% 7% 15% 46% 26% 11% 17% Global Wholesale Banking Global Consumer / Private Banking Global Markets Insurance FY25 FY24 Performance highlights
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Agenda 01 Financial Highlights 02 Group Performance Trends
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9,755 9,150 2,455 2,345 2,283 2,226 2,296 4Q24 1Q25 2Q25 3Q25 4Q25 FY24 FY25 8 1Q22 Net interest income Net Interest Income (S$m) Net Interest Margin ■ FY25 and 4Q25 NII lower YoY mainly due to sharp declines in rates, partially compensated by asset growth ■ 4Q25 NII up 3% QoQ, driven by a 2% asset growth and lower funding costs FY25 NII supported by continued asset growth Average IEA (S$b) 454 467 476 481 490 443 479 Average Customer Deposits (S$b) 381 392 404 410 418 371 406 9,755 658 (1,236) (27) 9,150 FY24 Volume Rate Days FY25 Negative on NII Positive on NIINII (S$m) Negative on NIM Positive on NIMNIM FY24 FY25 Loan yield Funding costs & others1/ Treasury markets asset growth 1/ Others include cashflow hedges. FY25 YoY Analysis 2Q23 QoQ +44% YoY +44%FY25 YoY -6% YoY -6% QoQ +3% 4Q25 Treasury markets asset yield 2.20% 1.91%2.15% 2.04% 1.92% 1.84% 1.86% 2.20% (0.52%) (0.06%) (0.06%) 0.35% 1.91%
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32.6% 37.4% 28.1% 35.8% 35.6% 41.4% 36.5% 9 Non-interest income Non-interest Income (S$m) Net fees & commissions Trading income Net gains from sale of investment securities and others 1/ Life & General Insurance % of Group Income Record FY25 Non-II driven by broad-based growth 1/ “Others” include disposal of properties, rental and property-related income, and dividends from FVOCI securities. 2Q23 QoQ +44% YoY +44%FY25 YoY +16% YoY +37% QoQ -16% 4Q25 ■ FY25 and 4Q25 Non-II up YoY , lifted by strong fee, trading and insurance income 517 546 580 683 602 303 396 375 518 39540 62 83 58 97 101 306 226 311 226 961 1,310 1,264 1,570 1,320 1,970 2,411 1,537 1,684 294 300 917 1,0694,718 5,464 4Q24 1Q25 2Q25 3Q25 4Q25 FY24 FY25
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246 269 279 376 311 43 46 47 55 52129 136 130 141 144 27 29 48 46 20 72 66 76 65 75 517 546 580 683 602 931 1,234 163 200496 550108 143 272 284 1,970 2,411 4Q24 1Q25 2Q25 3Q25 4Q25 FY24 FY25 10 Non-interest income Net Fees & Commissions (S$m) Wealth Management (“WM”) Brokerage & Fund Management Loan, Trade, Guarantees & Remittances Investment Banking Others 1/ Wealth management comprises mainly income from private banking, and sales of unit trusts, bancassurance products, structured deposits and other treasury products to consumer customers. 2/ “Others” includes credit card fees, service charges and other fee and commission income. 1/ 2/ FY25 fees surged to a new high of S$2.41b 2Q23 QoQ +44% YoY +44%FY25 YoY +22% YoY +16% QoQ -12% 4Q25 ■ FY25 record fee income; broad-based growth led by 33% increase in WM fees ■ FY25 WM fees at all-time high, lifted by fee growth in all product channels with improved client investment sentiment ■ 4Q25 fee income declined QoQ on seasonality, but rose 16% YoY on franchise strength
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1,112 1,331 425 353 1,537 1,684 265 306 288 373 364 38 90 87 145 31 303 396 375 518 395 4Q24 1Q25 2Q25 3Q25 4Q25 FY24 FY25 11 Customer Flow Non-Customer Flow Trading Income (S$m) Non-interest income FY25 double-digit growth in trading income driven by record customer flow income ■ FY25 and 4Q25 trading income up YoY , from stronger customer flow treasury income across wealth and corporate segments 2Q23 QoQ +44% YoY +44%FY25 YoY +10% YoY +30% QoQ -24% 4Q25
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12 Operating expenses Cost-to-income (CIR) Staff costs Property, plant and equipment Others Operating Expenses (S$m) FY25 expenses well managed, up 2% YoY; CIR at 40% 2Q23 QoQ +44% YoY +44%FY25 YoY +2% YoY unchanged QoQ +3% 4Q25 ■ FY25 expenses grew 2% YoY , mainly from higher staff and technology costs to support growth ■ FY25 CIR at 40% with disciplined cost management 999 984 947 1,007 969 308 277 279 296 334 253 154 163 216 256 1,560 1,415 1,389 1,519 1,559 3,837 3,907 1,062 1,186 843 789 5,742 5,882 4Q24 1Q25 2Q25 3Q25 4Q25 FY24 FY25 39.7% 40.2% 45.7% 38.7% 39.1% 40.0% 43.1%
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21% 29% 9% 10% 10% 5% 7% 9% 21% 28% 9% 11% 10% 5% 7% 9% 13 Loans Notes: Loans by geography are based on where the credit risks reside. 1/ Loans booked in Mainland China, where credit risks reside. 2/ Loans booked outside of Mainland China, but with credit risks traced to China. Singapore Malaysia Indonesia Greater China Rest of the world (S$b) ■ Corporate, SME and Consumer/Private Banking comprise 57%, 8% and 35% of loan book respectively ■ Loan growth YoY and QoQ broad-based across industries ■ By geography, loans higher YoY in Singapore, Malaysia and other international markets Sustained loan growth momentum, up 9% YoY +9% Housing loans Building & construction FIs, investment & holding cos Professionals & individuals General commerce Manufacturing Others Transport, storage & communication in constant ccy terms 44% 8% 5% 21% 22% S$341b Dec 25 % of Group Loans Singapore Greater China Rest of the world Indonesia Malaysia Dec 25 Dec 24 2Q23 QoQ +44% YoY +44% Dec 25 YoY QoQ +7% +4%+7% +9% +4% in constant ccy terms Loans by Geography Loans by Industry 34 20 9 5 3 Dec 25 Hong Kong Offshore 2/ Mainland China 1/ Taiwan Macau (S$b) 71 134 136 139 141 149 26 26 27 27 2819 19 18 17 1874 73 70 70 71 66 68 71 72 75 319 322 325 327 341 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 +4%
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14 Asset quality NPL ratio stable at 0.9% for 7 consecutive quarters 2Q23 QoQ +44% YoY +44% Dec 25 YoY QoQ +13% +9% Non-performing assets (NPAs) 4Q24 3Q25 4Q25 FY24 FY25 (S$m) At start of period 2,797 3,009 2,989 2,901 2,869 Corporate/ Commercial Banking and Others New NPAs 526 349 399 1,122 1,130 Net recoveries/ upgrades (211) (251) (114) (644) (573) Write-offs (188) (100) (26) (395) (168) 127 (2) 259 83 389 Consumer Banking/ Private Banking (112) (53) (12) (187) 66 Foreign currency translation 57 35 7 72 (81) At end of period 2,869 2,989 3,243 2,869 3,243 NPL Ratio (%) 0.9 0.9 0.9 0.9 0.9 ■ New corporate NPA formation remained fairly stable ■ 4Q25 new NPAs mainly from downgrades of two corporate real estate accounts from special mention
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526 535 164 130 690 665 155 94 65 140 236 53 118 49 (1) (36) 208 212 114 139 200 4Q24 1Q25 2Q25 3Q25 4Q25 FY24 FY25 15 21 24 12 16 20 19 17 15 11 7 16 23 14 14 Allowances for non-impaired assets Allowances for impaired assets Allowances (S$m) Credit costs (bps) 1/ Total Impaired 1/ Credit costs refer to allowances for loans as a percentage of average loans, on annualised basis. Allowances Strong asset quality, FY25 credit costs lower at 17bps 2Q23 QoQ +44% YoY +44%FY25 YoY -4% YoY -4% QoQ +44% 4Q25 ■ FY25 allowances down 4% YoY mainly from lower allowances for non-impaired assets ■ 4Q25 allowances for impaired assets mainly due to downgrade of two corporate real estate accounts ■ 4Q25 net write-back in allowances for non-impaired assets largely due to migration to impaired assets, and MEV updates
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16 Allowances Regulatory Loss Allowance Reserve (“RLAR”) Allowances for non-impaired assets Allowances for impaired assets Total NPA coverage Cumulative allowances (S$m) ■ Cumulative allowances higher YoY and QoQ; NPA coverage ratio lower due to increase in NPAs ■ Performing loans coverage ratio unchanged at 0.9% NPA coverage ratio at 151% 2Q23 QoQ +44% YoY +44% Dec 25 YoY QoQ +8% +3% Allowances for non-impaired loans / Performing loans 159% 162% 156% 160% 151% 1,280 1,374 1,332 1,409 1,577 2,823 2,916 2,905 2,922 2,890 455 444 444 445 4454,558 4,734 4,681 4,776 4,912 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 0.9% 0.9% 0.9% 0.9% 0.9%
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191 197 203 206 217 161 165 164 165 166 39 41 40 40 45 391 403 407 411 428 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 17 Deposits Customer Deposits (S$b) CASA Fixed Deposits CASA ratio Others Group LDR SGD LDR USD LDR ■ CASA deposits increased YoY across Corporate, SME and Consumer segments ■ CASA ratio rose steadily to 50.7% over last 7 quarters Deposits up QoQ and YoY driven by CASA growth 80.7% 78.9% 78.7% 78.6% 78.6% 2Q23 QoQ +44% YoY +44% Dec 25 YoY QoQ +10% +4% 82.1% 78.5% 79.8% 78.8% 79.1% 50.7% 51.8% 49.3% 47.2% 49.2% 48.8% 48.9% 49.8% 50.3% 50.7%
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18 Balance sheet ■ Stable funding base with 80% from customer deposits ■ Strong credit ratings of Aa1 from Moody’s, and AA- from Fitch and S&P respectively ■ Funding and liquidity ratios stayed above regulatory requirements Customer deposits Bank deposits Debts issued Capital and reserves CompositionGroup LDR (%) Strong liquidity and funding position 80.7 78.6 78.6 Dec 24 Sep 25 Dec 25 NSFR (%) 113 114 114 Dec 24 Sep 25 Dec 25 140 141 142 141 138 4Q24 3Q25 4Q25 FY24 FY25 All-ccy LCR (%) Loans-to-Deposits Ratio Funding Liquidity 80% 3% 6% 11% S$536b Dec 25
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15.3 15.5 15.3 15.0 15.1 1.8 2.1 1.7 1.9 1.8 17.1 17.6 17.0 16.9 16.9 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 Fully phased-in CET1 CAR Transitional CET1 CAR 19 CapitalCapital ■ Lower CET1 CAR YoY, as profit accretion was offset by RWA growth and dividend payment ■ Target 14% Group CET1 CAR on fully phased-in basis Robust capital position to drive growth and support shareholder returns 236 238 239 240 249 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 40.4 41.8 40.7 40.4 41.9 Dec 24 Mar 25 Jun 25 Sep 25 Dec 25 CET1 CAR (%) 2Q23 QoQ +44% YoY +44% Dec 25 YoY QoQ -0.2ppt unchanged1/ CET1 Capital (S$b) RWA (S$b) 2/ 1/ Computed based on MAS’ final Basel III reform rules with effect from 1 July 2024. 2/ Assumed the position at period end was subject to the full application of final Basel III reforms, which will take effect on 1 January 2029.
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49% 53% 53% 50% 50% 60% 60% 42% 44% 50% 50% 50% 25 28 40 44 41 28 40 42 41 42 16 16 53 68 82 101 99 FY21 FY22 FY23 FY24 FY25 20 Dividend FY25 total dividend payout ratio at 60%; committed to complete S$2.5b capital return plan by FY26 Final dividend Interim dividend DPS (cents) ■ 60% total dividend payout ratio, in line with the capital return plan announced previously ■ Proposed final ordinary dividend of 42 cents, higher than interim dividend; special dividend of 16 cents ■ Together with interim ordinary dividend of 41 cents, total dividend for FY25 amounts to 99 cents Dividend payout ratio Full Year Interim Full Year (including special) Special dividend
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