The largest companies in Singapore by revenue are led by commodity traders and agribusiness groups, followed by the city-state's three banks, technology platforms and government-linked companies in aviation, telecommunications, ports and utilities. This list ranks the 25 highest-revenue Singapore-based companies in the Fortune Southeast Asia 500, published by Fortune in June 2026.
Trafigura, the commodity-trading house, is the largest, with revenue of US$240.3bn, which also makes it the largest company in Southeast Asia. Singapore has 82 companies in the 500-company regional ranking, fourth among countries behind Thailand (105), Indonesia (104) and Malaysia (93), but five of the region's ten largest companies are based in Singapore.
Figures are Fortune's, in US dollars, for fiscal years ended on or before 31 December 2025 unless noted.
Contents
- Composition of the ranking
- Methodology
- The list
- Ranking table
- Singapore companies in the Fortune Global 500
- Frequently asked questions
- See also
Composition of the ranking
Commodities and food production account for the largest share of revenue. Trafigura, Wilmar International, Olam Group, Golden Agri-Resources and Mewah International together reported about US$381bn, roughly 64% of the US$591bn combined revenue of the top 25. Trafigura alone accounts for about two-fifths of the total.
Banking is the second pillar: DBS, OCBC and UOB rank fourth, seventh and eighth among Singapore companies and together reported profit of US$17.6bn, about half of the US$35.4bn combined profit of the top 25.
Government ownership is widespread. Fortune marks Singapore Airlines, Singtel, ST Engineering, PSA International and SP Group as government-owned at 50% or more. The top 25 employ about 927,000 people in total.
Methodology
Entries are the 25 highest-ranked companies that Fortune assigns to Singapore in the Fortune Southeast Asia 500 for 2026, in Fortune's order. Fortune ranks companies by revenue for their latest fiscal years ended on or before 31 December 2025, and all companies on the list must publish financial data and report some or all of their figures to a government agency.
Revenue includes consolidated subsidiaries and reported revenue from discontinued operations. For banks it is the sum of gross interest income and non-interest income; for insurers it includes premium and annuity income, investment income and realised capital gains or losses, excluding deposits. Revenue and profit in local currencies are converted to US dollars at the average exchange rate of each company's fiscal year.
Fiscal years. Most figures are for calendar 2025. Trafigura's year ended 30 September 2025; Singapore Airlines, Singtel and Flex report years ended 31 March 2026; and Fortune used fiscal years ended 31 March 2025 for SP Group and SATS. Flex and Sea report under US accounting principles; the others under international standards.
Companies are assigned to Singapore on the basis of Fortune's headquarters classification. Some, such as Trafigura and Flex, have extensive operations and shareholders elsewhere.
The list
1
Commodity trader; largest company in Singapore and Southeast Asia
Best for: Commodity trading
Trafigura, the commodity-trading house, is the largest company in Singapore and in Southeast Asia by revenue. Fortune records revenue of US$240.3bn for the fiscal year ended 30 September 2025, 1.2% lower than a year earlier, and profit of US$2.7bn. It is privately held and is led by chief executive Richard Holtum. Trafigura ranks 25th in the 2026 Fortune Global 500, the highest position of any Singapore-based company.
- Revenue (latest FY)
- US$240.3bn (Fortune, converted to US dollars)
- Fiscal year end
- 30 September 2025
- Profit
- US$2,666m
- Industry
- Trading
- Headquarters
- Singapore
- Employees
- 14,476
- Fortune Southeast Asia 500 rank
- 1
- Ownership
- Private
- Chief executive
- Richard Holtum
2
WI
Agribusiness group: edible oils, oilseeds, sugar and food
Best for: Agribusiness
Wilmar International is an agribusiness group whose businesses include oilseeds, edible oils, sugar and food products; Fortune classifies it under food production. Revenue rose 4.5% in 2025 to US$70.4bn, with profit of US$1.4bn. It is listed, led by Kuok Khoon Hong, and ranks 195th in the Fortune Global 500.
- Revenue (latest FY)
- US$70.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$1,410.9m
- Industry
- Food Production
- Headquarters
- Singapore
- Employees
- 119,320
- Fortune Southeast Asia 500 rank
- 4
- Ownership
- Public
- Chief executive
- Kuok Khoon Hong
3
OG
Food and agri-business company
Best for: Food and agri-business
Olam Group is a food and agri-business company. Its 2025 revenue of US$51.5bn, up 22.5% in dollar terms, includes revenue from discontinued operations, and profit was US$339.8m. Fortune names A. Shekhar, chief executive of the ofi ingredients business and an executive director of Olam Group, as its CEO. Olam ranks 302nd in the Fortune Global 500.
- Revenue (latest FY)
- US$51.5bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$339.8m
- Industry
- Food Production
- Headquarters
- Singapore
- Employees
- 59,120
- Fortune Southeast Asia 500 rank
- 5
- Ownership
- Public
- Chief executive
- A. Shekhar
4
Best for: Banking
DBS is the largest bank in Singapore and in the Southeast Asia ranking, with 2025 revenue on Fortune's bank measure of US$28.3bn and profit of US$8.4bn, the highest profit of any company in this top 25. It employs 39,537 people and is led by chief executive Tan Su Shan.
- Revenue (latest FY)
- US$28.3bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$8,366.2m
- Industry
- Diversified Financials
- Headquarters
- Singapore
- Employees
- 39,537
- Fortune Southeast Asia 500 rank
- 8
- Ownership
- Public
- Chief executive
- Tan Su Shan
5
Electronics manufacturing-services provider
Best for: Electronics manufacturing
Flex is an electronics manufacturing-services company that Fortune assigns to Singapore. Its figures are for the fiscal year ended 31 March 2026 and are prepared under US accounting principles: revenue of US$27.9bn, up 8.1%, and profit of US$880m. With 130,229 employees it is the largest employer in this top 25. Revathi Advaithi is chief executive.
- Revenue (latest FY)
- US$27.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 March 2026
- Profit
- US$880m
- Industry
- Electronics, Electrical Equip.
- Headquarters
- Singapore
- Employees
- 130,229
- Fortune Southeast Asia 500 rank
- 9
- Ownership
- Public
- Chief executive
- Revathi Advaithi
6
SL
E-commerce, digital payments and gaming
Best for: Internet services
Sea Limited operates e-commerce, digital-payments and online-gaming businesses. It had the fastest revenue growth among Singapore's ten largest companies in 2025, 36.4%, to US$22.9bn, with profit of US$1.6bn. It reports under US accounting principles and is led by founder Forrest Li. Its workforce of 102,700 is the third-largest in this top 25.
- Revenue (latest FY)
- US$22.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$1,578.1m
- Industry
- Internet Services and Retailing
- Headquarters
- Singapore
- Employees
- 102,700
- Fortune Southeast Asia 500 rank
- 12
- Ownership
- Public
- Chief executive
- Forrest Li Xiaodong
7
Best for: Banking
OCBC reported 2025 revenue of US$20.4bn on Fortune's bank measure, almost unchanged at +0.2%, and profit of US$5.7bn, the second-highest among Singapore companies after DBS. It employs 33,066 people and is led by Tan Teck Long.
- Revenue (latest FY)
- US$20.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$5,679.5m
- Industry
- Commercial Banks
- Headquarters
- Singapore
- Employees
- 33,066
- Fortune Southeast Asia 500 rank
- 13
- Ownership
- Public
- Chief executive
- Tan Teck Long
United Overseas Bank (UOB) reported 2025 revenue of US$19.3bn on Fortune's bank measure, 7.5% lower in dollar terms, and profit of US$3.6bn. It is led by Wee Ee Cheong and employs 33,804 people. UOB, DBS and OCBC are the three Singapore banks among the country's ten largest companies.
- Revenue (latest FY)
- US$19.3bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$3,582.8m
- Industry
- Commercial Banks
- Headquarters
- Singapore
- Employees
- 33,804
- Fortune Southeast Asia 500 rank
- 15
- Ownership
- Public
- Chief executive
- Wee Ee Cheong
9
National airline of Singapore
Best for: Aviation
Singapore Airlines is the national carrier and the only airline among Singapore's largest companies. For the fiscal year ended 31 March 2026 it reported revenue of US$15.9bn, up 9%, and profit of US$918.7m. Fortune notes that it is government-owned at 50% or more; Goh Choon Phong is chief executive.
- Revenue (latest FY)
- US$15.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 March 2026
- Profit
- US$918.7m
- Industry
- Airlines
- Headquarters
- Singapore
- Employees
- 15,690
- Fortune Southeast Asia 500 rank
- 18
- Ownership
- Public (government-owned 50% or more)
- Chief executive
- Goh Choon Phong
10
Palm-oil plantations and processing
Best for: Palm oil
Golden Agri-Resources is a palm-oil producer listed in Singapore, classified by Fortune under food production. Revenue rose 18.7% in 2025 to US$13.0bn and profit was US$400.2m. It reports 99,000 employees.
- Revenue (latest FY)
- US$13.0bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$400.2m
- Industry
- Food Production
- Headquarters
- Singapore
- Employees
- 99,000
- Fortune Southeast Asia 500 rank
- 25
11
S
Singapore's largest telecommunications group
Best for: Telecommunications
Singtel is Singapore's largest telecommunications group. For the fiscal year ended 31 March 2026 it reported revenue of US$11.1bn, up 4.7%, and profit of US$4.3bn, the highest profit margin among the Singapore companies in the top 25. Fortune notes that it is government-owned at 50% or more; Yuen Kuan Moon is chief executive.
- Revenue (latest FY)
- US$11.1bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 March 2026
- Profit
- US$4,349.9m
- Industry
- Telecommunications
- Headquarters
- Singapore
- Employees
- 23,463
- Fortune Southeast Asia 500 rank
- 29
- Ownership
- Public (government-owned 50% or more)
- Chief executive
- Yuen Kuan Moon
12
SE
Technology, defence and engineering group
Best for: Aerospace and defence
ST Engineering is a technology, defence and engineering group, which Fortune classifies under aerospace and defence. It reported 2025 revenue of US$9.4bn, up 12%, and profit of US$354.1m. It is government-owned at 50% or more according to Fortune and is led by Vincent Chong.
- Revenue (latest FY)
- US$9.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$354.1m
- Industry
- Aerospace & Defense
- Headquarters
- Singapore
- Employees
- 27,809
- Fortune Southeast Asia 500 rank
- 31
- Ownership
- Public (government-owned 50% or more)
- Chief executive
- Vincent Chong Sy Feng
13
S
Offshore and marine engineering
Best for: Offshore and marine
Seatrium builds and repairs offshore and marine structures such as rigs, floating production units and vessels. Revenue rose 27.1% in 2025 to US$8.8bn, with profit of US$247.6m and about 24,000 employees.
- Revenue (latest FY)
- US$8.8bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$247.6m
- Industry
- Engineering & Construction
- Headquarters
- Singapore
- Employees
- 24,000
- Fortune Southeast Asia 500 rank
- 35
14
State-owned port operator
Best for: Ports
PSA International is a port operator and the largest shipping-sector company in the Singapore ranking. It reported 2025 revenue of US$6.3bn, up 9.4%, and profit of US$841.7m, with 61,000 employees. It is unlisted and government-owned at 50% or more, according to Fortune.
- Revenue (latest FY)
- US$6.3bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$841.7m
- Industry
- Shipping
- Headquarters
- Singapore
- Employees
- 61,000
- Fortune Southeast Asia 500 rank
- 56
- Ownership
- Private (government-owned 50% or more)
- Chief executive
- Ong Kim Pong
15
MI
Edible-oil refining and trading
Best for: Edible oils
Mewah International is an edible-oil refiner and trader, classified by Fortune under food production. Revenue rose 25% in 2025 to US$6.0bn, but profit was US$53.6m, a margin of under 1%. It employs about 4,000 people.
- Revenue (latest FY)
- US$6.0bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$53.6m
- Industry
- Food Production
- Headquarters
- Singapore
- Employees
- 4,000
- Fortune Southeast Asia 500 rank
- 61
16
Infrastructure, real estate and connectivity group
Best for: Real estate and infrastructure
Keppel, which Fortune classifies under real estate, reported 2025 revenue of US$5.2bn including revenue from discontinued operations, and profit of US$603.4m. It has 4,964 employees and is led by Loh Chin Hua.
- Revenue (latest FY)
- US$5.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$603.4m
- Industry
- Real Estate
- Headquarters
- Singapore
- Employees
- 4,964
- Fortune Southeast Asia 500 rank
- 73
- Ownership
- Public
- Chief executive
- Loh Chin Hua
17
SP
Electricity and gas network operator
Best for: Utilities
SP Group operates Singapore's electricity and gas transmission and distribution networks. Fortune's figures for it are for the fiscal year ended 31 March 2025: revenue of US$4.9bn, down 11.2%, and profit of US$868.6m. It is unlisted and government-owned at 50% or more.
- Revenue (latest FY)
- US$4.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 March 2025
- Profit
- US$868.6m
- Industry
- Utilities: Gas and Electric
- Headquarters
- Singapore
- Employees
- 3,767
- Fortune Southeast Asia 500 rank
- 81
- Ownership
- Private (government-owned 50% or more)
- Chief executive
- Stanley Huang Tian Guan
18
SI
Energy and utilities group
Best for: Energy
Sembcorp Industries is an energy and utilities group. It reported 2025 revenue of US$4.4bn, 7.6% lower in dollar terms, and profit of US$753m, with 4,629 employees.
- Revenue (latest FY)
- US$4.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$753m
- Industry
- Utilities: Gas and Electric
- Headquarters
- Singapore
- Employees
- 4,629
- Fortune Southeast Asia 500 rank
- 88
19
Airport ground handling and in-flight catering
Best for: Aviation services
SATS provides airport ground handling, air cargo handling and in-flight catering. Fortune's figures are for the fiscal year ended 31 March 2025: revenue of US$4.4bn, up 13.6%, and profit of US$182.2m. With 52,505 employees it is one of the largest employers in the Singapore ranking.
- Revenue (latest FY)
- US$4.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 March 2025
- Profit
- US$182.2m
- Industry
- Transportation and Logistics
- Headquarters
- Singapore
- Employees
- 52,505
- Fortune Southeast Asia 500 rank
- 89
- Ownership
- Public
- Chief executive
- Kerry Mok Tee Heong
20
HL
Industrial holding company
Best for: Industrial holding
Hong Leong Asia is a Singapore-listed industrial holding company, which Fortune classifies under diversified outsourcing services. Revenue grew 24.7% in 2025 to US$4.0bn and profit was US$86.3m; it has 10,522 employees.
- Revenue (latest FY)
- US$4.0bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$86.3m
- Industry
- Diversified Outsourcing Services
- Headquarters
- Singapore
- Employees
- 10,522
- Fortune Southeast Asia 500 rank
- 92
21
Taxi, bus and rail operator
Best for: Public transport
ComfortDelGro is a land-transport operator running taxi, bus and rail services. It reported 2025 revenue of US$3.9bn, up 15.5%, and profit of US$176.2m, with 26,277 employees.
- Revenue (latest FY)
- US$3.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$176.2m
- Industry
- Transportation and Logistics
- Headquarters
- Singapore
- Employees
- 26,277
- Fortune Southeast Asia 500 rank
- 94
22
Cooperative supermarket operator
Best for: Grocery retail
FairPrice Group, Singapore's largest supermarket operator, is a cooperative, the only one among the top 25. It reported 2025 revenue of US$3.6bn, up 5.4%, and profit of US$23.4m, with 12,218 employees. Vipul Chawla is chief executive.
- Revenue (latest FY)
- US$3.6bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$23.4m
- Industry
- Food Consumer Products
- Headquarters
- Singapore
- Employees
- 12,218
- Fortune Southeast Asia 500 rank
- 101
- Ownership
- Private (cooperative)
- Chief executive
- Vipul Chawla
23
Owner of liquefied petroleum gas carriers
Best for: Shipping
BW LPG owns liquefied petroleum gas carriers and operates the world's largest such fleet, according to its Fortune profile. Its parent, BW Group, was founded in 1955 by Y.K. Pao. BW LPG reported 2025 revenue of US$3.6bn and profit of US$242.3m with 1,444 employees, the smallest workforce in the top 25.
- Revenue (latest FY)
- US$3.6bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$242.3m
- Industry
- Shipping
- Headquarters
- Singapore
- Employees
- 1,444
- Fortune Southeast Asia 500 rank
- 102
- Ownership
- Public
- Chief executive
- Kristian Sorensen
24
Ride-hailing, delivery and digital-banking platform
Best for: Internet services
Grab operates ride-hailing, food-delivery and digital-banking services across Southeast Asia from its Singapore headquarters. Revenue rose 20.5% in 2025 to US$3.4bn, and profit was US$268m. A pending US$600 million acquisition of Foodpanda's Taiwan business would be its first expansion outside the region, according to Fortune. Anthony Tan is chief executive.
- Revenue (latest FY)
- US$3.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$268m
- Industry
- Internet Services and Retailing
- Headquarters
- Singapore
- Employees
- 14,611
- Fortune Southeast Asia 500 rank
- 111
- Ownership
- Public
- Chief executive
- Anthony Tan Ping Yeow
25
CD
Property developer and owner
Best for: Real estate
City Developments is a property developer and owner, one of two real-estate companies in the Singapore top 25. It reported 2025 revenue of US$2.7bn, up 12.1%, and profit of US$481.9m, with 8,700 employees.
- Revenue (latest FY)
- US$2.7bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Profit
- US$481.9m
- Industry
- Real Estate
- Headquarters
- Singapore
- Employees
- 8,700
- Fortune Southeast Asia 500 rank
- 128
Singapore companies in the Fortune Global 500
Frequently asked questions
What is the largest company in Singapore?
By revenue, Trafigura Group is the largest company in Singapore. The privately held commodity trader reported revenue of US$240.3bn for the fiscal year ended 30 September 2025 in the Fortune Southeast Asia 500 for 2026, making it the largest company in Southeast Asia, and it ranks 25th in the 2026 Fortune Global 500.
What is the largest bank in Singapore?
DBS Group Holdings is the largest bank in Singapore by revenue and profit. Fortune records 2025 revenue of US$28.3bn, measured as gross interest and non-interest income, and profit of US$8.4bn, the highest of any Singapore company. OCBC (US$20.4bn revenue) and UOB (US$19.3bn) are the next-largest.
Which Singapore company has the most employees?
Among the 25 largest Singapore companies by revenue, Flex has the most employees, with 130,229 according to Fortune. Wilmar International (119,320), Sea Limited (102,700) and Golden Agri-Resources (99,000) follow. BW LPG has the smallest workforce in the top 25, with 1,444 employees.
How many Singapore companies are in the Fortune Southeast Asia 500?
Eighty-two Singapore companies appear in the 2026 Fortune Southeast Asia 500, fourth among countries after Thailand (105), Indonesia (104) and Malaysia (93). Singapore companies are concentrated at the top of the list, holding five of the ten highest places: Trafigura, Wilmar, Olam, DBS and Flex.
Are Temasek-linked companies on the list?
Fortune does not name shareholders, but it marks Singapore Airlines, Singtel, ST Engineering, PSA International and SP Group as government-owned at 50% or more. Together these five reported about US$47.6bn of revenue in their latest fiscal years. PSA International and SP Group are unlisted.
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