During the year, the group made a net profit of $5.4 billion, swinging back from its $7.3 billion loss in FY2023. Group net profit, excluding unrealised MTM gains or losses of sub-20% investments stood at $8.8 billion, 40.1% down – or $5.9 billion lower – on a y-o-y basis.
Singapore-headquartered global investment firm Temasek reported a net portfolio value (NPV) of $389 billion for the FY2024 ended March 31, up $7 billion from a year ago, or 1.83% higher y-o-y. However, this is below FY2022’s NPV of $403 billion.
After adjusting for mark-to-market (MTM) NPV, Temasek would have reported an NPV of $420 billion for FY2024, up $9 billion from last year’s MTM NPV. The increase, says Temasek, was attributed to its investment returns from the US and India and offset by the underperformance of China’s capital markets.
