SINGAPORE: Temasek Holdings’ net portfolio value increased by 10.5 per cent from a year ago to hit S$518 billion (US$401 billion) as of Mar 31 this year, the state investor announced on Wednesday (Jul 8).

Amid global uncertainties arising from the Iran war, the 2026 growth was slower than the 11.9 per cent increase from 2024 to 2025. Its net portfolio value last year was S$469 billion on a mark-to-market basis.

The growth was driven largely by the strong performance of Singapore-...