The New Keppel’s1 earnings soar 39% year on year to $1.1 billion in FY 2025:
o All three business segments improved on performance, with Infrastructure
contributing the largest share of profits.
o Recurring income grew 21% yoy to $941 million in FY 2025.
o Return on Equity2 increased to 18.7% in FY 2025, up from 14.9% in FY 2024.
• Growing as a global asset manager:
o Funds under Management3 grew 8% yoy to $95 billion as at end-2025.
o Asset Management net profit rose 15% yoy to $189 million in FY 2025.
• Strong progress in asset monetisation:
o Announced $2.9 billion of asset monetisation4 deals in 2025; total asset
monetisation announced since October 2020 reached $14.5 billion5 at end-2025.
• Rewarding shareholders:
o Ordinary dividends based on the New Keppel’s performance.
o Special dividends based on 10-15% of gross value of asset monetisation
completed in the financial year6.
• Proposed total FY 2025 distribution of approx. 47 cents per Keppel share, up
38% from FY 2024, comprising:
o Ordinary cash dividends of 34 cts/share: Proposed final cash dividend of
19 cts/share, on top of interim cash dividend of 15 cts/share paid in August 2025.
o Special dividend of approx. 13 cts/share: Comprises cash of 2 cts/share, and
dividend in-specie of 1 Keppel REIT unit for every 9 Keppel shares held, which is
equivalent to approx. 11 cts/share7 based on Keppel REIT’s closing market price of
$0.98 on 3 February 2026.
To appoint Gupta Piyush as Chairman wef 17 April 2026. Seem a great move! Pls dyodd.
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