The Monetary Authority of Singapore (MAS) has announced a net profit of S$20 billion for the fiscal year ending March 31, 2026. This marks an increase from the S$19.7 billion profit reported in the previous year. The growth is primarily attributed to robust investment gains, despite challenges posed by a stronger Singapore dollar.
MAS Managing Director Chia Der Jiun highlighted that the global economy's resilience to repeated shocks and strong performance in financial markets contributed to these gains. He noted that all asset classes, including bonds and equities across both developed and emerging markets, yielded positive returns during the fiscal year.
The reported investment gains of S$39.8 billion were partially offset by negative currency translation effects of S$16.4 billion, resulting from the Singapore dollar's appreciation against major currencies. Additionally, MAS incurred net expenses of S$2.4 billion, mainly due to money market operations aimed at managing banking system liquidity. After accounting for a S$1 billion contribution to the government's Consolidated Fund, the net profit stands at S$20 billion.
Looking ahead, MAS is focusing on initiatives to deepen capital markets, promote artificial intelligence adoption, and expand Singapore's gold trading hub to support economic growth. However, Managing Director Chia cautioned about the sustainability of the current artificial intelligence investment boom, emphasizing the need for alignment between projected revenue streams and investment commitments to ensure long-term stability.