It is the time of the year where Singapore’s state investor Temasek releases its latest financial performance. 

Founded in 1974, Temasek is a global investment company whose purpose is to make a difference for today’s and future generations “So Every Generation Prospers”. 

With a global network of 13 offices in 9 countries around the world, the Singapore headquartered firm seeks to build a resilient and forward-looking portfolio that will deliver sustainable returns over the long term. 

Speaking of portfolio and returns, Temasek reported a Net Portfolio Value (or NPV) of S$434 billion for the financial year ended 31 March 2025, up S$45 billion from a year ago. 

On a mark to market basis, Temasek said its net portfolio value would stand at S$469 billion, reflecting a value uplift of S$35 billion from its unlisted portfolio. 

The firm largely attributed the increase in portfolio value to the strong performance of listed Singapore-based Temasek Portfolio Companies and direct investments in China, the US and India. 

Meanwhile, the state investor’s 20-year and 10-year Total Shareholder Return (TSR) remained resilient, at 7% and 5% respectively. But how would Temasek assess its latest performance given an uncertain macroeconomic environment, complicated by heightened trade and geopolitical tensions?

Covering the annual release for the fourth time, Money Matters’ finance presenter Chua Tian Tian headed down to Temasek’s office in this “On the Go” Special episode of Under the Radar, where she spoke with Png Chin Yee, Chief Financial Officer, Temasek.

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