Singtel Chief Executive Officer Yuen Kuan Moon’s total remuneration fell 16.9% to S$6.8 million for FY26, even as the telecoms group reported a sharp rise in annual profit driven by exceptional gains.
The reduction compares to S$8.2 million in FY25 and was attributed to board accountability over operational disruptions, including the Optus Triple Zero incident in Australia and network outages in Singapore during the financial year.
“In assessing the performance for the year ending Mar 31, 2026, and determining the appropriate remuneration outcome for the group CEO, the Board took into account the Optus Triple Zero incident and the Singtel Singapore network outages,” the company said.
Remuneration for other key executives also declined 11.9% to S$25.9 million, reflecting similar considerations over service reliability.
The pay cuts came despite a strong financial performance, with Singtel posting a 39.5% increase in net profit to S$5.6 billion. The results were lifted by S$2.84 billion in net exceptional gains, largely from Airtel stake sales, although this was partly offset by provisions mainly related to its Australian operations.
Underlying net profit rose 12% to S$2.8 billion, underscoring steady operational performance beneath the one-off gains.
Despite the earnings growth, Singtel shares slipped 0.2% to S$4.43 as at 10:20am on June 30.
