Temasek Review 2025

Temasek stands at a pivotal moment amid global geopolitical shifts, rising protectionism, and accelerating AI and climate disruptions. Navigating this new era requires agility and pragmatism. As of 31 March 2025, Temasek’s net portfolio value reached S$434 billion—rising to S$469 billion when including the uplift from marking unlisted assets to market. With S$52 billion invested and S$42 billion divested during the year, Temasek posted a net investment of S$10 billion. One-year TSR was 11.8%, with 10- and 20-year TSRs at 5% and 7% respectively. TSR since inception in 1974 remains strong at 14%. READ MORE