Temasek Holdings reported a record net portfolio value of SGD518 billion (USD401 billion) for the financial year ended March 31, 2026, driven by strong performance from its Singapore-listed investments and gains from asset divestments.
The Singapore state investment company recorded a 10.5 per cent total shareholder return, supported by the performance of domestic holdings and SGD31 billion in divestments during the year. Looking ahead, Temasek identified artificial intelligence (AI), core-plus infrastructure, and private credit as key investment priorities.
The company plans to increase AI-related investments from six per cent of its portfolio today to 15 per cent by 2031, targeting opportunities across the AI value chain, including cloud infrastructure, foundation models, and AI applications.
Temasek also intends to expand its core-plus infrastructure allocation to five per cent over the next five years, focusing on renewable energy, nuclear energy, energy storage, and decarbonisation technologies. In addition, it plans to increase its private credit exposure from 2-5 per cent by 2031, with investments in senior secured lending, asset-backed financing and real estate credit. The investment strategy reflects Temasek’s focus on long-term growth sectors while strengthening portfolio resilience through digital infrastructure and energy transition investments.