Companies in Singapore with the highest income tax expense

Income tax expense is the tax a company charged against profit in its income statement for the year. It is not the same as the cash it handed to tax authorities: deferred tax, provisions and timing differences separate the two, often by billions. The cash figure is a different line in the cash-flow statement. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–14 of 14 · Fiscal year 2025 · Data as of September 25, 2026

Trip.com Group (TCOM) tops the list with $832M in income tax expense for fiscal 2025, ahead of Sea ($651M) and Grab Holdings ($69.0M). The top 10 together report $1.6B in income tax expense; the gap between #1 and #10 is ×2,090.45. 14 companies in Singapore report income tax expense, 0.6% of the 2320-filer universe. The last place on the list, High-Trend International, comes in at $9,106.

Income tax expense
#CompanyIncome tax expenseYoY15-year trend
1Trip.com GroupTCOMSGTechnology$832M+133.1%
2SeaSESGIndustrials$651M+102.7%
3Grab HoldingsGRABSGTechnology$69.0M+9.5%
4Kenon HoldingsKENSGUtilities$28.2M−30.4%
5Kulicke & Soffa IndustriesKLICSGTechnology$20.3M+90.2%
6JoyyJOYYSGTechnology$16.4M+21.8%
7HomestolifeHTLMSGConsumer discretionary$4.2M+73.9%
8CanaanCANSGFinancials$2.8M−96.4%
9BitfufuFUFUSGFinancials$1.9M−75.5%
10Sound GroupSOGPSGTechnology$398,000−11.0%
11GCL GlobalGCLSGTechnology$239,753−78.8%
12Delixy HoldingsDLXYSGIndustrials$136,000+38.8%
13Uni-Fuels HoldingsUFGSGIndustrials$134,006+36.6%
14High-Trend InternationalHTCOSGIndustrials$9,106+120.0%

All figures from SEC filings · FY2025 · 14

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{{cite web |title=Companies in Singapore with the highest income tax expense |url=https://companiesranked.com/en/companies-in-singapore-with-the-highest-income-tax-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-companies-in-singapore-with-the-highest-income-tax-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Companies in Singapore with the highest income tax expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/companies-in-singapore-with-the-highest-income-tax-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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